News
Development Partners Host Ribbon Cutting for Kōz Uptown Development
Community leaders, investors, representatives from Goldman Sachs, and Kōz partners, team members, recently celebrated the grand opening of Kōz Uptown, a new, 169-unit Seattle apartment community located in the Lower Queen Anne, Uptown neighborhood. The official opening of the development will provide affordable housing for the local workforce. Kōz Uptown was developed by Kōz Development,...
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Grosvenor Gets $763M Federal Loan for Burnaby Apartment Project
Grosvenor has received a near-record $763 million in federal funding for its Brentwood Block multi-family development project in Burnaby, B.C. The government provided the funds through the Canada Mortgage and Housing Corporation’s Apartment Construction Loan Program. The ACLP provides fully repayable low-interest loans for multi-family development projects to help offset Canada’s housing shortage by making...
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Davis JV to Develop Medford Residential on Former Industrial Site
The Davis Companies has formed a strategic joint venture with an institutional investment partner to develop The Clayborn, a 289-unit multifamily development in Medford, MA. To be completed in phases, the project will rise on a 3.5-acre former industrial parcel and will be built to Passive House standards. The project will feature a mix of studios,...
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Institutional Investors Set Sights on Seniors Homes
Institutional investors are showing much stronger appetite for seniors housing as the sector’s underlying conditions improve in the aftermath of the COVID-19 pandemic, says the head of Cushman & Wakefield’s Canadian healthcare practice group. “It’s increased dramatically,” said Sean McCrorie, who specializes in seniors housing, told Connect in an interview. C&W’s latest Seniors Housing Operator...
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Gantry Secures Refi for 302-Unit Las Vegas Apartment Community
Gantry secured a $63.2 million permanent loan to retire construction financing for Aspire at Redwood, a class A apartment community located at 6755 West Arby Avenue in southwest Las Vegas. Ovation Development is the property developer/owner. Aspire offers 302 units in one- and two-bedroom and studio floor plans. Resident amenities include a resort-style pool, yoga...
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Mesa West Arranges $66.3M Financing for Orlando Multifamily Community
Mesa West Capital provided a joint venture led by Onicx Group with a $66.3 million first mortgage loan to refinance a newly constructed multifamily community in Orlando, FL. The floating-rate loan is secured by Nova at East Park Village, a 264-unit garden-style complex on a 10-acre site at 10403 Via Parco Orienta, and was originated...
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Belpointe Obtains Refi on 424-Unit Sarasota Rental Community
Affinius Capital (“Affinius Capital”) closed on a $204 million loan to refinance Aster & Links, a newly built, Class A, multifamily community in Sarasota, FL. The property features 424 units and 50,300 square feet of grocery-anchored retail space. The loan was made to an affiliate of Belpointe PREP, LLC (“Belpointe OZ”), a publicly traded qualified...
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HACLA Acquires Emerald Apartments to Expand Affordability
The Housing Authority of the City of Los Angeles (HACLA) recently acquired the 154-unit Emerald Apartments, located within the South Park neighborhood in Downtown Los Angeles. The transaction utilized funding from City National Bank, and permanent financing will be taken out in 2026. The acquisition will utilize the U.S. Department of Housing and Urban Development’s (HUD)...
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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