News
Graywood Launches New BTR Business Line
Graywood Developments has launched a new build-to-rent business line. The company said the move demonstrates “a decisive response” to current market demands and diversified approach to the Greater Toronto Area’s housing needs. Graywood has chosen its first five projects totalling approximately 3,000 suites. Two are located at 241 Church Street in downtown Toronto and 3201...
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Groupe HD Expands into Private Seniors Housing
Groupe HD has launched a new seniors-housing development division after devoting the past five years to condominium and multi-family rental projects. Montreal-based HD said five projects are already in the planning stages. The company intends to collaborate with experienced operators and owners in the seniors-residence sector to oversee the management and operations of its new...
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BoC, Fed Expected to Lower Prime Rates
The Bank of Canada is expected to reduce its key overnight lending rate to 2.5% this week after three straight holds. Most leading economists are predicting that the Canadian central bank will make the move in order to hold inflation in check and offset unlagging GDP growth. The timing of Wednesday’s announcement poses a challenge...
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Fairstead Plans $26M Rehab of Chesapeake Affordable Housing Complex
Fairstead announced the $26 million revitalization of MacDonald Manor, a six-building, 152-unit affordable housing community located in Chesapeake, Virginia. Working in partnership with the Chesapeake Redevelopment and Housing Authority, Virginia Housing and Hudson Housing Capital, the rehabilitation of MacDonald Manor will be financed through a federal program that combines elements of the Rental Assistance Demonstration...
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Alliance Residential Acquires Development Site in Lakewood
Alliance Residential has acquired a 9.69-acre development site within Lakewood Towne Center. The sale was brokered by Ross Klinger and Austin Kelley of Kidder Mathews, who exclusively represented the seller and led the full marketing process. The site is slated for a 285-unit apartment project that will include units under the City of Lakewood’s Multifamily...
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Greystone Provides $31M in Financing for Multifamily in Indiana
Greystone has provided a $26.32 million Freddie Mac loan to finance the acquisition of Tiberon Trails apartments, a multifamily property in Merrillville, Indiana. The financing was originated by Eric Rosenstock, Senior Managing Director at Greystone, on behalf of Bayshore Properties, a long-time Greystone client. In addition, Greystone Equity Services brought in MORE Capital (an affiliate...
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EHP Capital, Aspen Funds Close Acquisition of KC Apartments
EHP Capital and Aspen Funds have just closed the $27 million acquisition of Hunters Glen Apartments, a 253-unit multifamily community in the Kansas City market. This deal marks a significant expansion in the Midwest and the partnership will launch a comprehensive renovation plan to modernize interiors and upgrade amenities. “Hunters Glen represents the type of...
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SVN Chicago Commercial Sells Pilsen Mixed-Use Property
SVN Chicago Commercial’s Cawthon-Labriola Group announced the sale of a six-unit mixed-use building located at 1329 W 18th Street in the heart of Chicago’s Pilsen neighborhood. The property sold for $1.42 million. The fully leased building features five recently rehabbed residential units, rear garage parking, and a newly signed retail lease with a five-year term...
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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