News
AB CarVal, North River Acquire $340M Portfolio of Performing Multifamily, BTR Loans
Funds managed by AB CarVal, a global alternative investment manager and part of AllianceBernstein’s Private Alternatives business, in conjunction with North River Partners, have acquired a $340-million portfolio of 10 performing multifamily and single-family, build-to-rent construction loans in seven U.S. metro areas. North River Partners, an existing partner of AB CarVal, will manage the portfolio,...
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Interra Realty Brokers $19M Sale of River North Apartment Building
Interra Realty has brokered the $19.2 million sale of Paper Box Lofts, a 35-unit multifamily building at 153-157 W. Ohio St. in Chicago’s River North neighborhood. The transaction equates to $548,571 per unit. Interra Senior Managing Partner Joe Smazal and Director Mark Dykstra represented the buyer, an affiliate of Los Angeles-based Blatteis & Schnur, Inc....
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U of A Breaks Ground on $247M College Dorm
As part of its policy to force most first-year students to live on campus, the University of Arizona in Tucson is building a $247 million, on-campus dorm. Called the Catalina, the dorm will house more than 1,300 students in the nine story structure. It is expected to be open to students in the fall of...
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Katy Target to Open Next Month
Developer NewQuest announced that a 148,000-square-foot Target store at Texas Heritage Marketplace will open on October 11. It will be one of many popular outlets in the planned 800,000-square-foot retail center. Newquest says it’s investing over $400 million into the center. A Lowe’s and Sam’s Club will join Target as anchor tenants. The Houston Business...
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Investor Takes Over Distressed Atlanta Apartment Asset
Liquid Capital Real Estate Investment basically transferred ownership of a Midtown Atlanta apartment complex to Audubon Capital. Audubon picked up the remaining unpaid balance on the loan. The Crest at Midtown property was sold outright rather than a foreclosure. The Atlanta Business Chronicle reported the Liquid Capital affiliates acquired Crest at Midtown for $85.2 million...
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Rich Properties Snags $38.5M Refi for West Palm Beach Rental Asset
Rich Properties obtained a $38.55 million refinancing for Tennis Towers Apartments, a 306-unit multifamily community in West Palm Beach that has been owned and operated by Rich Properties for more than 35 years. Berkadia’s Mitch Sinberg, Scott Wadler, Matthew Robbins, Brad Williamson, and Jared Hill arranged the financing on behalf of Rich Properties. Berkadia originated...
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Greystar, Merrimack College Open Two New Residence Halls
Greystar and Merrimack College celebrated the opening of two new residence halls, Shawsheen and Essex. The two-building student housing development is located at the intersection of Route 114 and Andover Street in North Andover, MA, representing. the largest increase in Merrimack’s housing stock since 2015.. “We have over 30 years of experience on college campuses across the...
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Cushman & Wakefield Brokers Sale of Fully Leased Rochester Apartments
Cushman & Wakefield has brokered the $7.27 million sale of Cascade Apartments, a 44-unit multifamily community in Rochester, Minnesota. The firm’s Chris Collins, Lance Steiger, Evan Miller and Erin Salway represented the seller, Patina Management. The buyer was Black Swan Living. The property attracted eight competitive offers from buyers across Minnesota, Wisconsin and Illinois, as...
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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