News
Evergreen Devco Moving Ahead on Denver-Area Mixed-Use Community
Evergreen Devco is building apartments, a senior living facility and retail in Thornton, just outside Denver. Creekside Gardens will span 26 acres at the southwest corner of East 104th Avenue and Washington Street. The Denver Business Journal reports the 250-unit multifamily development will sit on approximately 9.75 acres toward the center of the 26-acre site....
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Mesa Expected to Okay $3B Legacy Park Project
The Mesa City Council is expected to move ahead Monday on a $3 billion venture that will include hospitality, apartments, office and restaurant offerings. Vestar will be helming the project. Dubbed Legacy Park, The Phoenix Business Journal reports the project should be ready to break ground in January 2028 on public infrastructure, public amenities and...
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Evolve Inks $70M Construction Loan for Palm Coast Apartments
Evolve Companies closed on a $70 million bridge and construction loan for a 352-unit multifamily development at 4800 US Hwy. 1 N. in Palm Coast, Florida. Northmarq’s West Palm Beach Debt + Equity team, led by Chris Hammel, arranged the loan on behalf of the borrower with Cross Harbor Capital Partners’ involvement. The loan was non-recourse financing that recapitalized phase I’s construction loan and preferred equity and funds for phase II’s construction. Evolve...
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Faith-Based Developer Tests Modular Construction for Affordable Housing Scale
Pastor Martin Porter, courtesy of Logos Faith Since its launch in 2017, Los Angeles-based Logos Faith Development has worked with religious institutions throughout Southern California to convert underutilized land into affordable housing units. The nonprofit organization uses property tax-exempt developments to attract developers and investors to projects that might otherwise be difficult to finance. The...
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MMCC Arranges Financing for Orange Multifamily Acquisition
Marcus & Millichap Capital Corporation (MMCC) arranged $12.6 million in financing for the acquisition of Bel Air and El Commodor Apartments, two contiguous 27-unit multifamily properties located at 315-343 S. Bedford Rd. in Orange. Rick Judge, senior managing director in MMCC’s Orange County office, secured the financing on behalf of a private client. The loan was provided by a...
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Canadian Multifamily Investors Rethink Where Value Sits
Canada’s largest rental markets are all adjusting to softer rents and more cautious underwriting, but investors in Vancouver, Toronto, Montreal and Alberta are making very different bets on where value now sits. The slowdown is widespread. Rentals.ca reported asking rents in June were down year over year in all six of Canada’s largest markets, including...
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City, State Officials Cut Ribbon on 126-Unit Mixed-Income Rentals in Downtown Boston
Massachusetts Lt. Gov. Kim Driscoll, Archbishop Richard G. Henning and Boston Mayor Michelle Wu joined with representatives of St. Francis House and the Archdiocese of Boston’s Planning Office for Urban Affairs to cut the ribbon on a 19-story residential tower with 126 mixed-income rental units at 41 LaGrange St. in Downtown Boston. Seventy of the...
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Waterton Acquires Low-Density Chino Hills Rental Community
Waterton, a national real estate investor and operator, has acquired Reserve at Chino Hills, a 482-unit rental community in Chino Hills, for an undisclosed sum. The 20-acre garden style community at 4200 Village Dr. comprises 46 residential buildings and a clubhouse. Chicago-based Waterton will execute a muti-tiered value add program to encompassing residences and amenity spaces....
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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