Data-backed research can be useful when deciding where and what to develop, as well as how to raise funds to move projects forward. But according to Agora, “what investors say and what the market does are not always the same.” To underline this point, Agora’s just-released “CRE in 2025: A Data-Driven Check on Industry Sentiment”...
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JLL Capital Markets arranged a $56-million recapitalization and $30.9-million financing for 10 Rutgers St., an eight-story, 83-unit luxury multifamily property with ground-floor retail located in the Two Bridges neighborhood of Manhattan’s Lower East Side. JLL represented AMAC, a Manhattan-based real estate investment owner, operator and developer, in recapitalizing the property with Tokyu Land US Corporation,...
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Housing Trust Silicon Valley, a certified Community Development Financial Institution (CDFI) committed to advancing affordable housing solutions across the greater Bay Area, launched its Building Impact Initiative, a $200-million fund designed to accelerate affordable housing across the Bay Area. Anchored by significant investment from Apple – Housing Trust’s 2025 Housing Champion – $17 million from...
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BWE has secured $33.57 million in permanent financing for Heyday Oak Creek, a 130-home, market-rate, build-to-rent community in Oak Creek, Wisconsin, part of the Milwaukee metropolitan area. Executive Vice President Dan Rosenberg, with support from Assistant Vice President Tim Caffrey and Senior Analyst Logan Petersmeyer, originated the Fannie Mae loan on behalf of Heyday, a...
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Chicago-based Albion Residential, along with partners Koplar Properties and Theis Group, announced the groundbreaking of Magnolia Ridge in Des Peres, Missouri. Magnolia Ridge is a five-story, 182-unit community located at 13431 Manchester Road. The construction of the tower is being led by Brinkmann Constructors, and construction financing was provided by Old National Bank. Project completion...
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The Mogharebi Group brokered the $34.6-million sale of Willow Grove Apartments, a 158-unit multifamily community located at 3400 Coffee Rd. in Modesto. The seller, a privately held real estate investment firm based in Northern California, had owned the property since 2017, and chose to divest the asset as part of its strategy to diversify holdings...
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Developer Mill Creek Residential is planning to build a six-story building at 1319 N.W. 22nd Avenue in Portland with 125 units and ground-floor parking, according to documents filed with the city’s planning department. The building, called Modera Slabtown, would also have three outdoor common areas and amenity spaces on the ground floor, reported the Portland...
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PCL Construction has made a $1.5-million donation to the Centre for Addiction and Mental Health in Toronto. The construction industry faces unique pressures that increase the risk of mental-health problems and addiction, says Edmonton-based PCL. A total of 17.2% of male construction workers and 12.6 of females working in the industry have reported high or...
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