News
Harbor Stone Advisors Facilitates Sale of Baltimore Townhome Portfolio
Harbor Stone Advisors has orchestrated the sale of The R.E.D. Townhome Portfolio, which features 200 units across three properties in Northwest Baltimore City. Harbor Stone Advisors President Justin Verner, Director Brooks Healy, Senior Advisor Tom Wohlgemuth, and Advisor Kevin Landolphi served as exclusive advisors to the seller, CT Group. The properties in suburban neighborhoods in...
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Walker & Dunlop Secures $25M Loan to Refinance MI Apartments
Walker & Dunlop has arranged a $25.48 million loan to refinance River Birch Apartments, an apartment community located in Caledonia, Michigan. The Walker & Dunlop Multifamily Finance team, led by Mary Stuart Hurst and Fletcher Dunn, partnered with Kari Zapolski of Inner Circle Holdings to arrange an early rate lock, a 10-year loan from Fannie...
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Lee & Associates Brokers Sale of Renovated MXU Property in Fremont
Lee & Associates has completed the sale of the Equinox Apartments, a fully renovated 28-unit mixed-use property located at 711 N 35th Street in the heart of Seattle’s Fremont neighborhood. The property sold for $8.9 million plus $1.4 million for a cell tower on the property, with when combined, brings the total to $10.3 million....
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Berkeley Investments Divests Jamaica Plain Apartments for $38M
A CBRE team led by Simon Butler, Biria St. John, John McLaughlin and Brian Bowler closed the $37.8-million sale of 3200 Washington, a 73-unit apartment complex in Jamaica Plain. The team represented the seller, 3200 Washington, LLC, an affiliate of Boston-based Berkeley Investments, and procured the buyer, FCREF 3200 Washington, LLC. 3200 Washington was built in...
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GoPro Campus Will Be Re-Entitled for Residential
Harvest Properties and Stockbridge acquired the 379,615-square-foot Clearview Business Park in San Mateo, in an off-market transaction. Although the purchase price was not disclosed, published reports put it at $102 million. Harvest plans to re-entitle the 22-acre property as a for-sale residential community, which will include affordable housing among its 225 townhomes and single-family homes....
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Starlight Launches New Infra Business Line
Starlight Investments has launched a new infrastructure business. The new venture will have a close connection to Starlight’s multi-family investment and management specialty while also deploying capital outside of the Toronto-based global company’s usual areas. Known as Starlight Infrastructure Solutions, the new platform is dedicated to investing in, and managing, essential-use assets that support housing,...
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Empire Group Starts Work on 287-Unit San Tan BTR Community
Empire Group of Companies has broken ground on Village at Borgata, a 287-unit single-family build-to-rent (BTR) community located at 3959 W. Hunt Hwy. in San Tan Valley. Earlier this year, Empire secured $70.25 million in non-recourse construction financing for Village at Borgata, arranged by Tower Capital through a debt fund lender. Leasing is expected to...
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Bela Flor Lands $116M Refi for 3-Property BTR Portfolio
CBRE has secured $116 million in pre-stabilized bridge financing for three recently delivered built-to-rent properties in the greater Phoenix metro area owned by Bela Flor. Bruce Francis, Doug Birrell, Bob Ybarra, Nick Santangelo, and Shaun Moothart with CBRE Capital Markets’ Debt and Structured Finance secured an initial two-year, floating-rate term featuring full-term interest-only, with three extension options on behalf of the...
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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