News
Walker & Dunlop Arranges $220M Bridge Loan on Jersey City Multifamily
Walker & Dunlop, Inc. arranged a $220-million bridge loan to refinance 626 Newark Ave., a 576-unit, Class A mixed-use multifamily property located within Jersey City’s Journal Square neighborhood. The New York Capital Markets team, led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet and Edward...
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Feds to Invest $13B in New Build Canada Homes Program
The federal government will invest $13 billion to launch the previously promised Build Canada Homes agency tasked with accelerating affordable-housing construction nationwide, Prime Minister Mark Carney announced. The program is designed to act as a one-stop shop for housing projects, using federal land, financing tools, and partnerships with provinces, municipalities, Indigenous communities, and private developers...
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Sack Capital, Belveron Team on San Jose Apartment Acquisition
Sack Capital Partners and Belveron Partners have acquired Fountain Park, a 164-unit garden-style apartment community at 1026 S. De Anza Blvd. in San Jose, and will convert a portion of the units into affordable housing. Sack will also provide property management services. Seller and sale price were not disclosed. “Our team at Sack is pleased to partner with Belveron as we transform...
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CA Senate Enacts Bill to Expand High-Density Housing Near Transit
The California State Senate has enacted Senate Bill 79, which overrides local zoning laws to expand high-density housing near transit hubs. The Los Angeles Times reported that the measure passed 21-8, a day after the Assembly voted to approve it. It heads next to Gov. Gavin Newsom for his signature. Sen. Scott Wiener originally introduced...
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Greystone Closes Refi on McKinney BTR Community
Greystone provided a $19.7 million Fannie Mae DUS loan to refinance Legacy on Rockhill, a newly constructed 128-unit build-to-rent community in McKinney, Texas. John Sloot, Greystone’s Managing Director, originated the transaction on behalf of Legacy Builders. Built in 2023 and situated on a 13.21-acre site, Legacy on Rockhill consists of one-, two-, and three-bedroom single-family...
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Sunroad, Fairfield Capitalize $1.1B Apartment Portfolio Across Six States
JLL’s Capital Markets group arranged a $1.1-billion, 15-property, national apartment portfolio venture across six states. The group worked on behalf of Sunroad Enterprises to capitalize the portfolio with Fairfield, which was awarded the portfolio through a targeted marketing process. Additionally, JLL arranged $415 million in financing for 10 assets with Freddie Mac. Another $250 million was secured from accounts...
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Onetime JAX Utility HQ Slated for Apartments, Retail
Live Oak Contracting bought JEA’s former headquarters for $1 million at auction and plans to redevelop the property. Located at 21 West Church St, the office was listed as surplus property last year after the public utility relocated to new offices at 225 N. Pearl St. in 2023. The 19-story building was built in the mid 60’s....
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Invest Atlanta Adding 200 Affordable Units Near Centennial Yards
Invest Atlanta will build more than 200 apartments near Centennial Yards, at the former site of the Atlanta Constitution building. Workers are already remediating the existing 95,000-square-foot structure to eventually allow for new affordable housing units and commercial space there. In 2024, Invest Atlanta selected Gorman & Co. as the lead developer. The project is...
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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