News
Miami Hotel Site Trades for $270M
Nahla Capital, the developer behind the Rosewood Residences Beverly Hills, purchased a Miami hotel site for $270 million. Developer Michael Shvo and Deutsche Finance America sold the Raleigh Hotel development site along the ocean in Miami Beach. The New York Post reports Shvo and his partners bought the site for $217 million in 2019, planning...
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Hillridge Picks Up 298-Unit Charlotte Rental Asset for $94M
Hillridge Capital paid $94 million for the Loft One35 apartments, located at 135 W. Morehead St. in Charlotte. Warfa was the seller of the property, which opened up to tenants in 2016. The Charlotte Business Journal reports NRP sold the development to Warfa in December 2016 for $78.5 million. The property includes studio, one- and...
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Crate & Barrel Looks Ahead to Oakridge Re-opening
Vancouver’s Crate & Barrel store has completed an upgrade and expansion in preparation of the Oakridge mall’s re-opening. Crate & Barrel recently held a re-opening ceremony in celebration of the new look in time for the peak Christmas holiday shopping season. “We’ve endured a renovation for the last about six or seven months, and so,”...
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New Calgary Office-to-Res Project Opens Doors
A new Calgary downtown office-to-residential conversion project has begun occupancy, The Globe and Mail reported. The opening marks the latest milestone in the municipal government’s ongoing effort to revitalize the city’s core through its office-to-housing conversion program. The Petro Fina building, an 11-storey landmark at 8th Avenue S.W. and 7th Street S.W., has officially reopened...
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Toronto Gets First Build Canada Homes Project
Toronto will be home to the first housing development by Build Canada Homes, a new federal agency created to deliver affordable housing at scale across the country. The inaugural project, Arbo Downsview, will deliver 540 new homes using modern methods of construction such as prefabrication, modular building, and mass timber. “Build Canada Homes is advancing...
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Feds Invest $30M in Saint John Waterfront Multi-Family Development
The federal government has invested $30 million in a new waterfront multi-family rental project in Saint John, N.B. Ottawa provided the funds through the Canada Mortgage and Housing Corporation’s Apartment Construction Loan Program, which offers fully repayable low-interest loans to help offset Canada’s housing shortage. Fundy Harbour Group is developing the project through a subsidiary....
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Connell Company Launches Second Residential Tower at Berkeley Heights Mixed-Use
The Connell Company has started construction on RT600, its new 149-unit residential tower as part of the $500-million redevelopment of The Park in Berkeley Heights, NJ. Local stakeholders, including Berkeley Heights Mayor Angie Devanney, joined key executives from The Connell Company to mark the start of construction. “RT600 marks an exciting step in the Park’s evolution to a destination neighborhood,”...
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Lincoln Property Company JV to Build First B-T-R Development in Naperville
Peakline Real Estate Funds, a private real estate investment firm, announced the closing of The Claire, a build-to-rent townhouse community in Naperville, Illinois. Developed in partnership with Lincoln Property Company, this project marks the first build-to-rent development in Naperville. The Claire marks the second strategic investment of PREF’s Build To Rent Fund I. The build-to-rent...
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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