News
SRM, Haseko North America to Build 230-Unit Luxury Apartments in Bellevue
A partnership of SRM and Haseko North America has broken ground on The Perle, a 230-unit luxury apartment community in downtown Bellevue within walking distance of Amazon’s expanding campus. The seven-story development will offer over five million square feet of world-class retail and dining destinations. “We are excited to partner with Haseko on The Perle,...
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Kennedy Wilson to Acquire Toll Brothers’ Apartment Living Platform
Kennedy Wilson and Toll Brothers, Inc. said Thursday that Kennedy Wilson has agreed to acquire Toll Brothers’ Apartment Living platform for $347 million. The transaction will provide immediate scale to Kennedy Wilson’s investment management platform and its rental housing capabilities, while monetizing a significant portion of Toll Brothers’ investments in rental properties. As part of the transaction, Kennedy Wilson will acquire Toll Brothers’ general partner interests...
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Multiple Partners Combine Efforts on Phoenix Affordable Housing Venture
Pennrose, Bank of America, Butler Housing Company, CBC Financial Corp, the City of Phoenix, and the Arizona Department of Housing all contributed their efforts to Garfield Terrace, a $57 million, multi-phase development that will bring 120 high-quality, affordable senior apartments to Downtown Phoenix’s Garfield Historic District. Garfield Terrace I is a 60-unit, four-story affordable senior...
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QuadReal Acquires Full Ownership of RealStar’s Uncle
QuadReal Property Group has acquired full ownership of Uncle rental-housing assets in the U.K. and Europe along from partner Realstar. Vancouver-based Quadreal has also acquired Realstar’s U.K. and Ireland residential operating platform. The platform manages nearly 6,000 units across London, Manchester, Birmingham, Leeds and Dublin, with much of the portfolio operating under the Uncle banner....
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Montoni Launches Chapitre Bois-Franc MF Project in Montreal
Montoni has broken ground on Chapitre Bois-Franc, a $100 million multi-family project in the Saint-Laurent borough of Montreal. Located steps from the Bois-Franc REM station, the development will deliver more than 300 rental units, ranging from studios to townhouses. Amenities will include a 13th-floor terrace, fitness centre, and 5,000 square feet of green roofs. The...
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S3 Capital Originates $80M Financing on Turtle Bay Rentals
Residential construction lender S3 Capital has originated an $80-million refinance and construction loan for the development of a 131-unit rental development located at 303 E. 44th St. in Midtown Manhattan’s Turtle Bay neighborhood. The loan was provided to experienced New York City-area developer David Halberstam. Halberstam has extensive experience in the greater New York City...
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Fetner Reopens Upper East Side Apartments Following Renovations
Fetner Properties announced the re-opening of 85 East End Ave., a fully renovated residential tower on Manhattan’s Upper East Side. Featuring luxury apartments with East River views, the development has undergone extensive renovations. 85 East End Ave. is located a block away from Carl Schurz Park. “85 East End offers a very rare opportunity for the discerning renter...
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River Caddis Closes $59M Financing for MI Apartments
River Caddis Communities, in partnership with the Capital Area Housing Partnership, has closed the financing for The Dean – Apartments at Eastlawn (The Dean), a $59 million affordable and workforce housing development that will transform a former school site into a residential community in Michigan. The Dean will be built on a 6.4-acre site once...
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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