News
Canadian Housing Starts Up 19% from a Year Ago
Housing starts rose 19% year-over-year in Canada’s largest markets in September as Montreal and Toronto led the way, says a new Canada Mortgage and Housing Corporation report. Total starts rose to 22,375 units in centres of 10,000 people or more from September 2024. Montreal and Toronto contributed more than 25% of the total national starts,...
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Bellwether Housing Selected to Develop Housing Property in Bellevue
The City of Bellevue has selected Bellwether Housing to develop affordable housing and community space on city-owned land in the Wilburton Transit-Oriented Development District. The city chose Bellwether Housing for its strong alignment with Bellevue’s affordable housing and sustainability goals, which include a new target set last year to create or preserve 5,700 affordable housing...
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Salt Lake, Austin Top Global Ranking for Rental Affordability
When it comes to renting a two-bedroom apartment, Salt Lake City and Austin (tied with Leipzig, Germany) were ranked as the most affordable metro areas of 80 global cities analyzed by DWS Group. The top 10 also included Dallas and Atlanta in sixth and seventh place, respectively, along with a handful of large Australian cities....
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Dwight Arranges Construction Loan for Amarillo Apartments
Dwight Capital closed a $53 million HUD-insured 221(d)(4) construction loan for The Lariat, a 312-unit luxury apartment community in Amarillo, TX. This transaction was originated by Dwight’s Brandon Baksh and Tommy Ng on behalf of the borrower, Martin Inderman Development. The development will comprise 13 three-story residential buildings, a clubhouse and leasing center, and six garages, all situated on 13.5 acres. The...
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125-Unit Houston Affordable Housing Project Opens Doors
Hartwood at Spring Shadows, a new $33 million affordable housing community in Houston’s Spring Branch neighborhood, recently opened. The 125-unit development is situated at 4014 Clarblak Lane. It provides 112 affordable rental units for households earning between 30% and 60% of the Area Median Income (AMI), as well as 13 market-rate units. The property offers...
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Athens Investor Transitions from For-Sale to BTR Project
Trilogy Investment Company (TIC) acquired REV3 at Millcreek, a 90-townhome development in Athens, Georgia. Originally planned as a for-sale community, Trilogy Investment Company will convert the property into a build-to-rent community. Trilogy’s Jason Joseph adds, “As homeownership becomes out of reach for many, resulting in slower absorption for retail communities, converting existing developments into professionally managed rentals lets...
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Newmark Arranges Sale, Financing of W. Palm Beach Apartment Community
Newmark has arranged the $69.95 million sale and financing of Visions at Willow Pond, a 300-unit, garden-style multifamily community located in West Palm Beach. Newmark Multifamily Capital Markets Tal Frydman and Hampton Beebe facilitated the sale on behalf of the seller, Bar Investment Group. Jim Badolato, Mike McKee and Kippy Donovan of Newmark’s Debt & Structured Finance group secured $50 million in Freddie...
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$2B Midtown Park Project Approved by Miami Planning Agency
The team of Rosso Development, Midtown Development, and Proper Hospitality has had its Midtown Park master plan approved by Miami’s Urban Development Review Board. That clears the way for the first phase of a five-acre mixed-use community in Midtown Miami. The $2 billion, multi-tower, two-phase development will bring 924 residential units, 60,000 square feet...
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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