News
Delta City Council Rejects Revised Tsawwassen Town Centre Plan
Delta city council has unanimously rejected Century Group’s proposed Tsawwassen Town Centre mall redevelopment project. The rejection came after Century recently filed a significantly scaled-back plan following extensive community consultation. Councillors called for an entirely new development application that does not include multi-family towers, The Delta Optimist reported. The revised proposal reduced building heights by...
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Harbor Group Secures $356M Financing for New England Apartment Portfolio
Walker & Dunlop, Inc. said Wednesday it arranged $356,411,000 in financing for the acquisition of four properties in eastern Massachusetts and Rhode Island. A Walker & Dunlop Capital Markets team led by Craig West arranged the portfolio financing on behalf of an affiliate of longtime client Harbor Group International, with Freddie Mac providing acquisition financing. The portfolio...
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JV Acquires Offices for First Major Conversion Under New Midtown South Plan
Marty Burger of Infinite Global Real Estate Partners and Andrew Heiberger of Buttonwood Development, in partnership with 400 Capital Management LLC, have acquired 29 W. 35th St. for what will be the first major office-to-residential conversion under New York City’s new Midtown South Mixed-Use Plan. The joint venture will introduce 107 boutique residences, all studio apartments. Financing...
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JV Targeting Preston Hollow for $650M Mixed-Use District
Burk Interests and Greenway Investment are hoping that Dallas will approve a rezoning that will allow them to move forward with a $650 million district featuring a 28-story hotel and condo tower, a 24-story luxury apartment tower, two office towers, and several restaurants in the Preston Hollow neighborhood. All of these elements would encircle a...
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TruAmerica Purchases 180-Unit Chandler Rental Asset
TruAmerica recently paid $40.1 million for a 180-unit apartment complex in Chandler, Arizona. Univest was the buyer. Newmark’s Chris Canter, Brad Goff and Brett Polachek TruAmerica Multifamily, in the acquisition. Mitch Clarfield secured the financing from Fannie Mae on behalf of Univest. Constructed in 1986, Park Tower Apartments comprises newly renovated one- and two-bedroom units....
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Scottsdale Apartments Trade for $555K a Unit
Institutional Property Advisors (IPA) announced the sale and financing of Scottsdale on Main, a 119-unit, luxury midrise multifamily asset in Scottsdale, Arizona. The $66.1 million sales price represents $555,462 per unit. IPA’s Steve Gebing and Cliff David represented the seller, Baron Properties, and procured the buyer, Goodman Real Estate. Gebing added, “The property is one of...
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Ramrock-Led Team Building Dallas Mixed-Use Towers
Ramrock Real Estate, Lincoln Property Company, HKS, and Willow Bridge Property Management announced 8300 Douglas, a mixed-use development that will bring elevated office, residential, and retail environments to Dallas. The project will deliver approximately 300,000 square feet of Class AA office space and 280,000 square feet of residential space, along with walkways connecting shops and restaurants...
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Eastern Union Arranges $16M for Indiana Condo Conversion Project
Eastern Union has secured $15.9 million in financing toward the condo conversion of River Rock Apartments, a five-floor, 82-unit, mixed-use property located at 116 West Mishawaka Avenue in Mishawaka, Indiana. Built in 2015 and 2016, the property includes 82 residential units totaling 79,775 square feet and eight commercial units spanning 4,385 square feet, which will...
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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