News
Canadian Home Sales Record Four-Year High
Canadian home sales reached a four-year high in September, according to the Canadian Real Estate Association (CREA). But sales recorded through Canadian MLS systems slipped 1.7% month-over-month, ending a string of gains that began in April. The decline was driven by lower activity in Greater Vancouver, Calgary, Edmonton, Ottawa, and Montreal, which offset increases in...
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Interra Realty Brokers Sale of Albany Park Multifamily Properties
Interra Realty brokered the sale of two multifamily properties in Chicago. The 24-unit 4954 N. Christiana Ave. in the Albany Park neighborhood sold for $4.5 million, and the 10-unit 4321-23 N. Tripp Ave. in the Old Irving Park neighborhood traded for $2.2 million. Interra Managing Partner Craig Martin represented the seller, HP Ventures Group, in...
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CAA Warns That LA County Emergency Declaration Could Trigger Eviction Ban
The Los Angeles County Board of Supervisors has approved a local state of emergency tied to federal immigration policy. The California Apartment Association said the move could lay the groundwork for an eviction moratorium, which CAA opposes. “This maneuver confirms precisely what CAA’s lawsuit seeks to prevent: the normalization of emergency powers as a political...
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Marcus & Millichap Arranges Sale of $16M Chicago Mixed-Use Property
Marcus & Millichap brokered the sale of a mixed-use property including 22 multifamily units and five commercial suites in Chicago, Illinois, for $15.5 million. “This was a rare opportunity to acquire a well-maintained, mixed-use asset on a high-profile Wicker Park corner with immediate upside in apartment rents,” said Kyle Stengle, senior managing director investments. “With...
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Dream Residential Unitholders Approve Takeover by Morgan
Dream Residential unitholders have overwhelmingly approved Morgan Properties’ proposed US$354-million acquisition of the REIT. The proposed deal received almost unanimous (more than 99%) approval from unitholders, with marginal differences according to voting classs. Two-thirds support was required. Pending final approval, Morgan will acquire the REIT in an all-cash transaction valued at approximately US$354 million. Under...
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Cowichan Ruling Could Affect Title Negatively: Richmond Mayor
Richmond Mayor Malcolm Brodie says a recent B.C. Supreme Court ruling recognizing Aboriginal title over part of Vancouver Island could have negative implications for land titles in other regions of the province. In a letter sent to hundreds of southeastern B.C. property owners, Brodie said the Cowichan Tribes decision “could negatively affect title” and may...
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Hillwood Increasing Frisco Station Portfolio
Hillwood has started work on Bonham & Baker, a multifamily community in Frisco Station, a 242-acre master-planned mixed-use development in Frisco, Texas. The 410-unit community will offer a mix of one- and two-bedroom apartment homes and two- and three-bedroom, two-story townhomes. The first units will be ready in the summer of 2027. Good Fulton & Farrell...
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Austin YMCA Makes Deal to Sell Land, Build New Facility
The Downtown Austin’s YMCA finds itself in a pretty envious position. It will likely sell off adjacent land that will include over 1 million square feet of housing, and have the developer of the new housing build a new YMCA facility. The Austin Business Journal reports the redevelopment of the Townlake YMCA is a partnership...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout