News
Pegasus Advises on $11M Disposition of Chicago Multifamily Portfolio
Pegasus, a national commercial real estate advisory firm, announced the disposition of an eight-building, 94-unit multifamily portfolio in Chicago’s Rogers Park neighborhood. The portfolio traded for $10.8 million to a seasoned local operator with a significant footprint in the submarket. The portfolio included eight contiguous apartment buildings totaling 94 units located at 6705 to 6737...
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Northmarq Arranges Financing for Casa Grande BTR Sale
Northmarq’s Phoenix Multifamily Investment Sales team has arranged the $30 million sale of Solana Place at Carlton Commons, a newly built 113-unit build-to-rent community in Casa Grande, Arizona. The team — Trevor Koskovich, Jesse Hudson, Ryan Boyle and Logan Baca — represented the seller, D.R. Horton, America’s largest homebuilder. CALCAP Advisors acquired the property with $21.75 million in acquisition financing secured by Griffin Martin of...
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Realty Capital Adding to $2.2B Flower Mound Development
A $160 million development in Flower Mound will include up to 132 townhomes, 43,000 square feet of retail, a hotel and multiple open spaces, plazas and a public nature trail. Realty Capital is helming the project. The development is an expansion of the company’s $2.2 billion Lakeside Village development. The Dallas Business Journal reports that...
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Developer Team Eyeing Columbia, SC for Mixed-Use Project
Astral Development and Steady Capital are set to develop a 483,106 square-foot mixed-use multi-family project at Bull Street and Elmwood in Columbia, South Carolina. Astral Development assembled eight adjacent properties, totaling approximately 2.06 acres, and will develop a 288-unit Class A apartment project — with ground-level opportunities for future restaurants, retail and fitness. The development is on...
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Key Obtains Financing for 415-Unit St. Petersburg Apartment Project
Key International secured a $121 million construction loan for Amara Bay Residences & Marina, a waterfront mixed-use development located at 12000 Gandy Boulevard N., St. Petersburg. Led by ABANCA USA, the loan will fund the ongoing development of the 39-acre project overlooking Tampa Bay. Construction of the project commenced in late 2024, with vertical construction beginning...
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Marcus & Millichap Sells LIC Apartments in 1031 Deal
Marcus & Millichap arranged the sale and financing of a 40-unit multifamily property at 27-08 39th Ave. in Long Island City, Queens. The property sold for $7,350,000. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $4 million in financing. Matt Fotis and Lazarus Apostolidis of Marcus & Millichap represented the seller...
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Walker & Dunlop Arranges $146M Refi on Yorba Linda Apartments
Walker & Dunlop, Inc. said Monday it arranged $145,750,000 in first mortgage and preferred equity to refinance Bryant at Yorba Linda, a 400-unit multifamily community. Chris Botsford and Jeff Burns of Walker & Dunlop Capital Markets arranged a senior mortgage loan for Interstate Equities Corporation (IEC). The loan features a five-year term, fixed rate and full-term interest-only payments. Freddie...
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Essex Realty Completes $9M Multifamily Sale Near Loyola University
Essex Realty Group arranged the $9.3 million sale of a 40-unit apartment building located at 6565-6589 N. Lakewood Avenue, in the Loyola University pocket of Rogers Park. The transaction was led by Essex Principal Steven Livaditis and Managing Director Matt Feo, who represented the seller, while Essex Managing Director Rick Ofman represented the buyer. “This...
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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