News
Condo Specialist Rennie Launches Commercial Real Estate Brokerage
Rennie has started offering commercial real estate brokerage services. Vancouver-based rennie has long been known for its specialty of marketing condominium development projects and extreme strong sales track record. Bob Rennie, the company’s founder, is nicknamed Condo King because of the numerous condo projects in which he has been involved. But as the condo market...
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Six-tower Ottawa Mixed-Use Project Receives City Council’s Approval
Ottawa city council has approved a proposed six-tower mixed-use residential project near St. Laurent shopping centre. Groupe Oradev plans to develop 1,768 multi-residential units, along with office and retail components in a podium, the Ottawa Business Journal reported. The suites are slated to be a mixture of studio, one-, two- and three-bedroom apartments and townhouse...
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Atlantic Canada Businesses Hurt by Tariffs to Receive $80M in Federal Support
Maritimes businesses hit hard by tariffs will receive $80 million in federal support, Prime Minister Mark Carney announced. The move has widespread commercial real estate implications, particularly in the industrial sector. The funds will come from Ottawa’s new Regional Tariff Response program, which provides $1 billion to small-and-medium-sized companies impacted by U.S. President Donald Trump’s...
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LA Multifamily Portfolio Surmounts Challenges, Trades for $25M
Marcus & Millichap closed the sale of a seven-property, 275-unit multifamily portfolio in the Koreatown and Westlake neighborhoods of Los Angeles. The properties sold for $25.25 million. “Assembled and managed by a private ownership group over the past 25 years, the portfolio was experiencing challenges, including tenant delinquencies, aging building systems, deferred maintenance and litigation,” said...
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New Empire Tops Off Construction on Centric Condos in Sunnyside East
New Empire Corp. has topped off construction on Centric, reportedly the tallest residential condominium project in Sunnyside East. The milestone comes a few months after securing a $1.512-million penthouse sale, the highest in Sunnyside and Woodside history, according to New Empire. Centric is located at 58-01 Queens Blvd. at the intersection of Sunnyside and Woodside, immediately adjacent to Long...
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Waterton Acquires The Mason in Chicago’s Fulton Market District
Waterton has acquired The Mason, a 263-unit, 14-story high-rise apartment community in downtown Chicago. Located at 180 N. Ada St. in the Fulton Market district, The Mason features studio, one-, two- and three-bedroom apartment homes. Waterton plans to implement a light value-add program, including in-unit flooring upgrades and enhancements to common areas and amenity spaces....
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Investment in Canadian Building Construction Rises 5.6%
Investment in Canadian building construction has risen 5.6%, Turner & Townsend says in its latest quarterly national market-intelligence report. The showing marked the strongest gain since the third quarter of 2020 and signals renewed momentum following recent volatility. But the momentum may not persist as forward-planning effects taper off amid trade-policy uncertainty, said the company....
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Healey Proposes Fast-Tracking Environmental Review for Housing Projects
Massachusetts Gov. Maura Healey announced draft regulations to accelerate environmental review of qualifying housing projects. The proposal would allow these projects to receive Massachusetts Environmental Policy Act review with the simpler Environmental Notification Form rather than the detailed Environmental Impact Report, thereby cutting the review process down from a year to 30 days. “We are...
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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