News
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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MMCC Arranges $18M in Financing for Wisconsin MF
Marcus & Millichap Capital Corporation (MMCC) arranged $18 million in financing for The Common Place, an 88-unit multifamily property located at 686 Mike McCarthy Way in Ashwaubenon, Wisconsin. Robert Bhat, senior managing director in MMCC’s Miami office, secured a 5-year, non-recourse CMBS loan at 70% loan-to-value with a national bank. Additional loan terms include a...
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Greysteel Arranges Sale, Financing of Norfolk Multifamily
Greysteel has arranged the sale and debt financing of Pelham Place, a 74-unit multifamily property located at 521 Boissevain Avenue, in Norfolk’s historic Ghent neighborhood. The property was purchased by Lightwell Development, a historic tax credit developer with successful rehabilitations throughout Hampton Roads. The sales price was not disclosed. Built in 1906 and listed in...
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Portland Approves Office-to-Residential Loan Forgiveness Program
Prosper Portland, a group focused on economic growth and opportunity for the city, has approved a new loan forgiveness program for office-to-residential conversions. The conversion pilot loan program targets projects that would convert underused office buildings into housing. The program offers up to $60,000 per unit to account for savings from embodied carbon and up...
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Logos Faith Development, Cooperative LA Launch Partnership
Logos Faith Development (LOGOS), a Los Angeles-based, mission-driven real estate development firm specializing in transforming underutilized church land into affordable housing, is partnering with Cooperative LA, a Los Angeles-based owner’s representation and project management firm, to launch a $100-million affordable housing initiative in Southern California. Cooperative LA will collaborate with LOGOS by providing pre-construction, construction...
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Construction Okayed for Two-Building Office/Residential Project in Allston
Add another mixed-use project to the spate of development near the Boston Landing MBTA commuter rail station. Construction is slated to begin later this month on the residential component of a two-building project from Marblehead, MA-based Bracken Development and Philadelphia-based Pennrose, reported the Boston Business Journal. A construction permit has been granted for the 88-unit...
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29th Street Buys Vintage Phoenix Apartments
Urban 148, a garden-style apartment complex located at 1609 W. Glendale Ave. in North Central Phoenix, has sold for $24.1 million. 29th Street Capital purchased the property from Urban Communities. The project, constructed in 1974, comprises 148 apartment units on a 5.18-acre site. The community offers floor plans averaging 1,023 square feet. Amenities at Urban...
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Endeavor Approved for 500 Austin Apartment Units, Retail Space
Endeavor Real Estate Group won rezoning of a 3.2-acre site that straddles both East Sixth and Seventh streets, as well as their intersections with Chicon Street. The rules permit this project, located near a transit station, to be built up to 90 feet high. The Austin Business Journal reports that the site currently features a...
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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