News
Waco Apartment Owner Obtains Refi
Concord Summit Capital has arranged a $34 million bridge loan for Zoe Apartments, a newly constructed 214-unit multifamily community in Waco, Texas. David Larson and Keegan Burger, of CSC’s Miami office, secured the financing on behalf of Surge Investment Group. The loan was structured at 80% loan-to-value (LTV) and closed in just 30 days, providing the...
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JLM Planning 255-Unit San Antonio BTR Community
JLM Living acquired a 28.9-acre site in North San Antonio, Texas. The closing paves the way for the development of a new 255-unit build-to-rent community located at 1799 E Borgfeld Road, within the Kinder Ranch master plan. The Eleanor Kinder Ranch will offer residents the lifestyle of a single-family home with the added convenience and...
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Pompano Beach Hotel May Convert to Apartments
An investor recently acquired a Pompano Beach hotel with the intention of redeveloping the property into a multifamily community. Maureen Bokzam paid nearly $5.9 million for the Lighthouse Point Hotel in Pompano Beach. The South Florida Business Journal reports the city’s Development Review Committee will consider the site plan for the 2.72-acre property at 4211...
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JV of Liberty Mutual, Landmark to Develop Student Housing in PA, CT
In their first joint ventures together, Liberty Mutual Investments (LMI) and Landmark Properties will develop 1,255 units of off-campus student housing in Pennsylvania and Connecticut. The projects include The Mark State College, a 515-bed tower serving Pennsylvania State University in State College, and The Mark Mansfield, a 740-bed development serving the University of Connecticut in...
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Atlanta Beltline Issues RFP for Mixed-Use Development Near Pittsburgh Yards
Atlanta Beltline has issued a Request for Proposals (RFP) to transform 13.7 acres at 356 University Avenue to create a mixed-use and mixed-income development in the historic Pittsburgh neighborhood along the Southside Trail. The parcel is located next to Pittsburgh Yards along the Beltline’s Southside Trail. The preliminary concept plan for the site includes multifamily housing,...
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Rockpoint, Related Offload Atlanta-Area Rental Asset for $110M
GSL Properties and DBG Properties acquired Timberline View, formerly known as Town Laurel Crossing, for $110 million. Commercial Edge reports that Walker and Dunlop issued a $70.4 million acquisition loan and advised on the sale of the 360-unit asset in Buford, GA. Related and Rockpoint delivered the project in 2023, following the securing of a...
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Wesgroup Scraps Condo Project in Vancouver’s River District
Wesgroup Properties has scrapped its 204-home Ardea condominium project in Vancouver’s River District. The local investor and developer told Postmedia that the project is “no longer viable” due to “higher-than-expected construction and delivery costs.” Construction has already begun and an unspecified number of units have been presold. The River District is a large community that...
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NexLiving to Expand into Ottawa Through Townhomes Development Project Acquisition
NexLiving has secured an option to acquire a five-block townhome project totalling 108 units in Ottawa’s Barrhaven suburb for $43.5 million. Known as The Conservancy, the project is a master-planned community. Construction is scheduled for completion in late 2026. With the project, Halifax-based NexLiving will expand into the Ottawa housing market. NexLiving said the project...
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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