News
Hanover’s Joe Gambill Sees “New Path” for Multifamily Development
The outlook for multifamily development will be a focal point of the conversation during the “Buy, Build, Sell, Hold” panel discussion at Connect Apartments 2025 in Los Angeles on Thursday. Among the experts comprising the panel will be Joe Gambill, development partner, Southern California for Hanover Company. In advance of Thursday’s discussion, he shares insights...
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Mixed-Use Portfolio Sells for $20M in South Bronx’s Longwood Section
Ariel Property Advisors arranged the sale of the Tegford Portfolio, a 249-unit mixed-use package comprising nine walk-up buildings encompassing nearly a city block in the Longwood section of the South Bronx. The rent-stabilized portfolio, which was under the same ownership for nearly 50 years, traded for $19,625,000, or $120 per square foot. An Ariel team of founding...
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Truist Lends $340M on Jersey City Residential High-Rises
JLL Capital Markets and BlueGate Partners LLC arranged a $340-million refinancing for 50 & 70 Columbus, a 938-unit mixed-use property located in Jersey City. JLL senior managing director Thomas Didio, managing director Thomas E. Didio, Jr., director Gerard Quinn and senior analyst Michael Mataras and BlueGate represented the borrower, a joint venture between Ironstate Development Company...
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Ethos Commercial Advisors Arranges Financing for Washington MF
Ethos Commercial Advisors has secured bridge financing for Thrive at Green Mountain, a 111-unit townhome property spanning 100,000 sqaure feet of gross building area in Camas, Washington. Daniel Natsch and Matthew Illias of Ethos Commercial Advisors originated a 36-month bridge loan at 75% LTC with a national debt fund to replace the existing construction loan....
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Urban Catalyst Breaks Ground on Market-Rate Rentals in Downtown San Jose
Urban Catalyst broke ground on Aquino, a 278-unit multifamily development located at 498 W. San Carlos St. in downtown San Jose. Designed to meet the needs of the region’s tech workforce, Aquino is among the first major projects to advance under San Jose’s Multifamily Housing Incentive Program, which the City Council approved in December to spur housing production. The...
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Harbor Group, CBRE IM Close on Boston-Area Multifamily Portfolio
Affiliates of Harbor Group International, LLC (HGI) and CBRE Investment Management have closed on four of the properties in a $740-million multifamily portfolio acquisition spanning five properties and 2,719 units across New England. The two companies said the transaction reflects the strength of the region’s rental housing market and builds on their established footprints in Greater Boston. “The...
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Upper West Side Apartments Trade to Benchmark After 53-Year Hold
Benchmark Real Estate acquired a 103-year-old Upper West Side rental apartment property, 250 W. 85th St., after a five-decade hold by the previous ownership. The acquisition price was $66 million, according to the New York Business Journal. A Walker & Dunlop Capital Markets team led by Mo Beler, Jonathan Paine, Aaron Appel, Jonathan Schwartz and Jackson Irwin arranged $37.3 million in...
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Sage Investment Group Expands Housing Portfolio with Kirkland Acquisition
Sage Investment Group has closed on the Motel 6 located at 12010 120th Pl NE, Kirkland, Washington. The company plans to convert the property into studio apartments that will provide attainable workforce housing for local residents. This project marks Sage’s first development in Kirkland, a city the team has long targeted given its high cost...
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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