News
Developers Look Forward to Partnering with Feds on Build Canada Homes
`Residential developers are welcoming the opportunity to partner with the federal government through its new Build Canada Homes (BCH) agency, and relieved that it will partner with private builders instead of constructing homes itself, The Globe and Mail reported.` Prior to finalizing BCH, Prime Minister Mark Carney had publicly toyed with the idea of having...
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JLL Arranges $49M Sale of NoHo Mixed-Use
JLL Capital Markets arranged the $49.5-million sale and $30.5 million in acquisition financing for 640 Broadway, a boutique, mixed-use multifamily property located in NoHo. JLL represented the seller, U.S.-based real estate investment trust Acadia Realty Group, and procured the buyer, New York investment firm Pamera North America, in partnership with local operator Targo Capital. JLL...
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Investment Group Acquires West Covina Apartments
CBRE facilitated the $26.35-million sale of Cambridge Apartments, a 76-unit multifamily property located at 2601 E. Valley Blvd. in West Covina. A multifamily investment group acquired the community, represented by CBRE’s Eric Chen and Justino Fa’aola. “This sale underscores the demand for well-maintained multifamily assets in the West Covina market,” said Chen, EVP at CBRE. “The buyer recognized the significant value proposition, including...
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RECO Needs Independent Oversight: OREA and TRREB
The Ontario Real Estate Association (OREA) and the Toronto Regional Real Estate Board (TRREB) are calling for the Real Estate Council of Ontario (RECO) to be governed independently in the wake of the iPro Realty scandal.following its court filing against iPro Realty Ltd. RECO has asked the Ontario Superior Court of Justice to freeze iPro’s...
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LCOR Opens New Rochelle Residential Tower to First Residents
Real estate investment, development and management firm LCOR has opened Allen, a 28-story residential tower located in Downtown New Rochelle, to its first move-ins. LCOR began leasing for the 307-unit development this summer and welcomed the first residents on August 29. Located at 247 North Ave., Allen is powered by a geothermal system that eliminates the...
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Bayport Closes on Mid-Construction Loan for Waterbury Conversion
Bayport Funding, a direct private bridge lender for real estate developers, has closed on a $1.85-million mid-construction loan to refinance a new, mixed-use conversion project in a prime location in Waterbury, CT’s central CBD. Originally constructed in 1979, the repositioned and gut-renovated commercial development will deliver a three-story, elevator-serviced building spanning 23,797 square feet, including 21 apartment units...
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Northmarq Arranges $74M Chula Vista Multifamily Sale
Northmarq’s San Diego office completed the $73.75-million sale of Canyon Villa, a 183-unit garden-style apartment community located at 601 Telegraph Canyon Rd. in Chula Vista. Buyer and seller were not disclosed. SVP Benn Vogelsang represented both parties in the transaction. Canyon Villa features one-, two- and three-bedroom apartment homes a short distance from National City and downtown...
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At Connect Apartments 2025, Hessam Nadji Predicts “Major Wave of Capital” Coming to CRE
“We’re just at the beginning of a major wave of capital moving toward commercial real estate and apartments in particular,” Marcus & Millichap CEO Hessam Nadji told attendees at Connect Apartments 2025 in Los Angeles. “Why? Because institutions today only have about 11% of their total assets allocated to commercial real estate. Pension funds with $38...
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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