News
MassDevelopment, BankFive Partner on Financing for Hyannis Rentals
MassDevelopment has partnered with BankFive to provide $11 million in loan financing to Bratt, LLC, which will use the funds to build a new 45-unit mixed-income rental housing development at 199 Barnstable Rd. in Hyannis. The apartments will be spread across four buildings and will include 40 market-rate units and five affordable units intended to be...
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West Seattle Apartment Portfolio Sells for $111M
A two-building multifamily portfolio in the West Seattle Junction area has traded for $111 million. The mixed-use properties include the 136-unit Mural at 4727 42nd Ave. SW and the 200-unit Link at 4550 38th Ave SW. The seller is an entity affiliated with Los Angeles-based American Realty Advisors, reported the Puget Sound Business Journal. The...
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Affinius Capital Originates $170M Loan for Philadelphia Project
Affinius Capital has originated a $170 million construction loan to finance the development of Piazza Alta Phase II, a 431-unit Class A multifamily development in Philadelphia’s Northern Liberties neighborhood. The project, which will feature two buildings (8 and 16 stories), is being developed by Post Brothers, a Philadelphia-based developer, owner, and operator led by Michael...
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Marcus & Millichap Facilitates Sale of Multifamily in Northeast DC
Marcus & Millichap arranged the sale of a 14-unit multifamily property in the Trinidad neighborhood of Northeast Washington, D.C. The property sold for $3.95 million. “This transaction closed at an 8.25% cap rate, underscoring both the strength of the market and the value of our team’s execution,” said Lorenzo Wooten, CCIM, senior director investments in...
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Survey: Bostonians Support Measures to Address Housing Shortage
Large majorities of both renters and homeowners in Boston support measures to address the city’s severehousing shortage, according to a poll conducted by MassINC Polling Group on behalf of Abundant Housing Massachusetts. Most respondents say not enough has been done to help. In a survey of 550 Boston residents, 81% surveyed support a goal of...
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Office-to-Residential Conversion Trend Accelerates in Manhattan
The pace of office-to-residential conversions in Manhattan has accelerated in the past few years, according to new research from Cushman & Wakefield’s Lori Albert and Reed Hatcher. Conversions that once averaged under 1.2 million square feet annually have spiked to record levels: 1.6 million square feet in 2023, 3.3 million square feet in 2024 and...
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Jonathan Rose Acquires Boulder Affordable Housing Project for $56M
Jonathan Rose Companies has acquired San Juan Del Centro Apartments, a 150-unit affordable housing community in Boulder, Colorado, for $56 million. San Juan Del Centro, originally built in 1971, serves families earning at or below 60% of Area Median Income (AMI) through Project-Based Section 8 and LIHTC programs. Affordability protections will be extended for an additional 20 years. ...
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Downtown Dallas Parking Lot Could Give Rise to Apartments, Hotel
It’s just a paved parking lot, but the 2/3 of an acre lot could become much more. Tanya Ragan and Wildcat Management recently listed 1823 Cadiz Street for sale, offering investors in Downtown Dallas a range of options. They range from a 250-unit residential apartment complex, a 200-key hotel, or a mixed-use project blending retail,...
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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