News
R.D. Olson Completes Affordable Seniors Project in San Diego
R.D. Olson Construction has completed Kettner Crossing, a $30-million affordable housing complex in San Diego, for developer BRIDGE Housing. The urban infill project will provide 64 units to seniors who earn between 30% and 60% of Area Median Income (AMI). Located at 1590 Kettner Blvd., the eight-story housing complex was built with four stories of...
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Marcus & Millichap Arranges Sale of 42-Unit MF in Minnesota
Marcus & Millichap arranged the sale of Hampton Place, a 42-unit multifamily property in St. Cloud, Minnesota, for $2.35 million. “Demand for naturally affordable housing like Hampton Place remains strong in St. Cloud and similar communities,” said Chris Collins, senior director investments. Collins and Evan Miller, investment specialists in Marcus & Millichap’s Minneapolis office, had...
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Rental Housing Will Rise on Tract of Former Boston State Hospital Campus
Massachusetts Gov. Maura Healey on Wednesday announced the conveyance of a 10-acre parcel on the former Boston State Hospital campus in Mattapan, selling the land to Lena New Boston II and 2Life Communities for the development of Olmsted Village. The project will yield 287 new homes, with 86% expected to be made permanently affordable. The redevelopment of the...
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Greenwood Star Fund Acquires Two Doraville Rental Properties
Greenwood Star Holdings acquired two multifamily communities as part of its Regulation D, 506(c) offering: Greenwood Star Income and Growth Trust (GSREIT) a private, open-end real estate investment trust focused on acquiring income-producing multifamily assets across the Southern United States. The acquisitions include Parkside Apartments, a 281-unit property, along with Creekside Apartments, a 96-unit property,...
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Celina’s $1B Shawnee Trail Project Underway
The infrastructure is nearly in, and soon, Celina residents will get a look at the first phase of the $1 billion Shawnee Trail Project. Helmed by the development arm of Rex Real Estate, the 100-acre project will blend retail, entertainment, housing and green space in a village-like setting. Retail leasing is being handled by Thomas...
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Financing Closes on $1.5B Brickell Condo Project
Newgard Development Group and Two Roads Development Group closed on $513 million in construction financing for their One Brickell Riverfront project site at 99 S.W. Seventh St. Carlyle and 3650 Capital have led a group of lenders that provided loans for what is believed to be a $1.5 billion project. The South Florida Business Journal...
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KPU Surrey to Get First On-Campus Student Residence
Kwantlen Polytechnic University has unveiled plans to build its first on-campus student residence at its Surrey, B.C., site. The eight-storey building will accommodate 350 beds and a 160-seat dining hall open seven days per week. Students will have the option of renting single- and double-occupancy rooms and four-bedroom apartment-style units. The project will also feature...
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Red Oak Provides Bridge Loan on Brooklyn Apartments
Red Oak Capital Holdings, LLC has provided a $2.8-million bridge loan for the renovation and stabilization of 551 Albany Apartments, an eight-unit multifamily property located at 551 Albany Ave. in the East Flatbush neighborhood of Brooklyn. The financing will be used to refinance existing debt and complete remaining interior and exterior improvements to support full lease-up. Provided under Red Oak’s Opportunistic...
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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