News
KLNB Adds Industry Veteran to Multifamily Team
KLNB announced that Justin Shay has joined the firm’s multifamily capital markets team as senior vice president. Shay comes to KLNB from Transwestern and brings two decades of experience in multifamily investment sales throughout the Mid-Atlantic region. In his new role, he will focus on expanding KLNB’s multifamily investment sales presence across the Washington, D.C....
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Affirmed Begins Construction on North Fair Oaks Affordable
Affirmed Housing has begun construction on Monarch at Redwood, a $70.4-million affordable housing community located in North Fair Oaks. Once completed, Monarch will feature 86 apartment homes with onsite services and amenities for households earning less than 60% of the area median income. “Our goal with Monarch is to strengthen North Fair Oaks by providing...
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Farbman Group Appointed Receiver of Midwest-Based Properties
Farbman Group announced the temporary assignment of six receiverships throughout the Midwest. Totaling more than 800,000 square feet, the four properties are located in Southeast Michigan, one in Iowa and one in Chicago. Two of the properties in receivership are located in Novi, Michigan. The first is a 30,884-square-foot speculative medical office building currently under...
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Fulton Market Multifamily Trades in 1031 Exchange
Greenstone Partners has completed the sale of 1151 West Erie Street, a nine-unit multifamily property located at the edge of Chicago’s West Town and Fulton Market neighborhoods. The asset traded for $2.325 million, equating to $258,333 per unit. The property attracted immediate interest, going under contract within the first week of marketing. The buyers, a...
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People & Companies News for Week Ending September 5
Neil Kaufman has joined Slate Asset Management as chief administrative role. Kaufman will be responsible for Slate’s global human-resources operation and report directly to co-founders Blair and Brady Welch. Kaufman has 25 years of experience in leadership roles with such companies as Soros, Goldman Sachs. Dawn Farrell, a veteran of Canada’s energy sector, has been...
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Broomfield Rental Asset Acquired for $85M
Four Peaks Multifamily Partners has picked up a 297-unit apartment building in Broomfield for $85 million. The Harvest Station Apartments, at 11775 Wadsworth Blvd., was sold by Hamilton Zanze. The Denver Business Journal reports the company purchased the property for $67.2 million in 2016. The apartments, built in 2014, feature a mix of one-, two- and...
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$1.7B Westside Village to Begin Phase I in Early 2026
Larkspur Capital and the Keystone Group are moving quickly on plans to develop the 37-acre site in Fort Worth known as Westside Village. At full completion, the 37-acre mixed use development will include about 880,000 square feet of new office space, 238,000 square feet of retail, 1,785 apartment units, a 175-key hotel and $45 million...
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Related Eyeing Massive Austin Mixed-Use Venture
Related Cos. is seeking a rezoning from the City of Austin that would allow the company to build nearly 600,000 square feet of office space, 950 residential units, a 225-room hotel and 135,000 square feet of restaurant, grocery and retail space. Related is also seeking a maximum height of 650 feet in the center of...
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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