News
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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Private Investor Acquires Two Bay Area Properties in 1031 Exchange
Levin Johnston of Marcus & Millichap directed the acquisitions of two Bay Area multifamily assets totaling 70 units for $24.35 million. The single buyer, a private investor, invested proceeds from the recent sale of a three-property portfolio as part of a 1031 exchange. The transactions were completed by Levin Johnston executive managing directors Robert Johnston...
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Fairgrounds Secures $140M for Pickleball Court Projects
Fairgrounds Racket Club has secured a $140 million in financing to help fund its pickleball and padel-court expansion program across Canada The company announced that it has closed a Series A financing round led by Back Forty, Canada’s first firm created to invest exclusively in the Canadian consumer and retail sectors. The expansion program is...
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Greenstone Partners Sells Two Turnkey Multifamily Assets in Chicago
Greenstone Partners sold 1343 North Western and 1045 North California, two newer construction, turnkey multifamily investment properties located in Chicago’s Wicker Park and Smith Park neighborhoods, for $3.55 million, equating to just under $444,000 per unit. Senior Director Jordan Multack and Director Jacob Goldstein from Greenstone Partners represented the seller, a Chicago-based private investor. The...
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Domain Companies Expands with Vorea Group Acquisition
The Domain Companies, a New York- and New Orleans-based real estate development and investment company, said Tuesday it had acquired The Vorea Group for an undisclosed sum. The acquisition includes New York-based Vorea’s development operations as well as its affiliates: commercial real estate brokerage Igloo and general contractor Vorea Construction Company. The Vorea Group’s existing real estate assets...
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First Ritz-Carlton-Branded Residences Coming to Tysons
Renaissance Centro announced the launch of The Ritz-Carlton Residences, McLean, Tysons, marking Virginia’s first branded residential development under The Ritz-Carlton. Set in the heart of Northern Virginia, just outside Washington, D.C., the project will deliver condominiums with more than 15,000 square feet of luxury amenities. The 102-unit, standalone residential property will rise adjacent to The...
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FCP Provides $47M for Grocery-Anchored Apartments in Arlington
FCP has provided $47.1 million in capital through its structured investments platform to finance the construction of a mixed-use development comprised of 553 luxury apartments, Mira and Ador, in two adjacent towers, anchored by an approximately 40,000 square foot grocery store in Arlington, Virginia. The development, located at 685 N. Glebe Road, adjacent to the...
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Denver Apartment Owner Scores $83.8M Refi
Newmark facilitated $83.8 million in financing for The Deveraux, a newly constructed, 374-unit trophy multifamily community with 21,000 square feet of Class A retail space located in the River North (RiNo) neighborhood of Denver, Colorado. Commercial Edge reports the brokerage firm facilitated the three-year note through BMO Bank. Holland Partner Group owns the community. Previous...
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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