News
Greystone Provides $19M in Financing for Baltimore MF Property
Greystone has provided an $18.85 million HUD-insured loan to refinance Ellwood, a 140-unit multifamily property located in Baltimore, Maryland. The financing was originated by Avi Lifshitz, Managing Director at Greystone. The FHA-insured financing allows the borrower to secure long-term, fixed-rate debt for the asset while benefiting from the program’s non-recourse structure and favorable terms. Ellwood,...
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Multifamily Construction Starts, Permits Decline Year-Over-Year in August
Overall housing starts decreased 8.5% in August to a seasonally adjusted annual rate of 1.31 million units, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Within this overall number, single-family starts decreased 7% to an 890,000 seasonally adjusted annual rate and are down 4.9% on a...
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Stream Lands Leasing Chores for Iconic Dallas Highrise
Stream Realty Partners has been awarded office leasing, property management, and construction management for The Sinclair, a $300 million redevelopment in Downtown Dallas. Located at 401 N. Ervay St., The Sinclair is a 429,000-square-foot office tower that anchors a mixed-use project featuring 293 luxury multifamily units. Stream’s JJ Leonard, Patrick Cruz, and Sam Basswill lead the leasing...
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Goodyear BTR Developer Inks $28.5M Refi
BTR developer Porter Kyle closed a $28.5 million refinance for The Cleveland, a newly constructed 100-home build-to-rent community located at 1035 N. Sarival Avenue, Goodyear, AZ. The financing was arranged by Northmarq’s Debt & Equity team, led by Brandon Harrington and Tyler Woodard. Northmarq’s Harrington added, “The West Valley remains one of the most active and resilient markets in...
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Lender-Owned Phoenix Apartment Community Sells for $36M
The Neiders Company purchased U@19th, a 236-unit real estate-owned (REO) midtown Phoenix apartment complex, for $36.06 million. Northmarq’s Phoenix Multifamily Investment Sales team, led by Jesse Hudson, Trevor Koskovich, Ryan Boyle and Logan Baca, represented the seller BrightSpire Capital. “U@19th presented a rare opportunity to acquire a Phoenix multifamily community at an attractive basis through a lender-driven, REO sale,” said Hudson....
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Orlando Agency Probing Independent-Living Tower
The group that built the Orlando Lutheran Towers plans to knock down a four-story assisted-living facility and replace it with a new 15-story, 128-unit independent-living tower. The new tower to go up at 300 E. Church St., will complement the existing 17-story Fountains tower (photo) on the 2.35-acre site. The Orlando Business Journal reports the...
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499-Unit Condo/Apartment Combo Greenlighted in Miami
The City of Miami’s Urban Development Review Board passed the Calta Group’s new project, Anatomia. The 30-story mixed-use tower, set to rise in Allapattah’s Health District, will combine multifamily apartments with luxury condominiums. Located on a 1.06-acre site at 1415–1469 N.W. 13th Terrace, Anatomia will bring 499 residential units, 6,532 square feet of retail space,...
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GEC Developing Rental Projects Near Oakridge
Global Education Communities is developing two rental-housing projects near Vancouver’s forthcoming massive Oakridge shopping centre redevelopment. Both projects are located along Cambie Street near West 42nd and West 48th avenues, respectively, and stand to gain from close proximity to a pair of Canada Line rapid-transit stations. The GEC Oakridge-branded project near 42nd is the most...
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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