News
Development Duo Lands $170M Financing for Biscayne Bay Condos
SB Development Group and Hazelton Capital Group secured $170 million in construction and land financing for the development of Cove Miami, a 40-story condominium in Miami’s Edgewater district. Bravo Property Trust provided the loan. Located on the shores of the Biscayne Bay, Cove Miami offers 134 luxury residences. Architecturally designed by Kobi Karp and Dieguez Fridman, the development will feature one-...
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Climbing Vacancy, Intensifying Tariff Pressures Limit Vancouver Industrial Investment
Vancouver’s industrial vacancy reached 4% in the first half of 2025, its highest level since early 2015, according to Avison Young. Leasing activity remained steady as larger firms took advantage of softer conditions to secure modern premises on more favourable terms. Sales volume rose 94% over the prior half to $1.2 billion, but investment is...
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Feds, Province, City, Other Partners Invest in Lachine Co-Housing Project
The federal, Quebec and municipal governments, along with the Fonds de solidarité FTQ and Village Urbain, are backing the construction of a co-housing project in Montreal. Located in the Lachine borough, the 58-unit project has a $29-million budget, with construction underway. The development includes 16 condominiums for sale at cost and 42 affordable non-market rental...
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Canyon Provides Bridge Loan to Refi Culver City Apartments
Canyon Partners Real Estate LLC provided a $58-million senior bridge loan to an affiliate of Helio Group for the refinancing of Arya, a 119-unit Class-A multifamily property located in Culver City. Built in 2024, Arya represents one of five Helio-developed multifamily projects located in the Greater Culver City submarket since 2018. “Over the past several years, we have continued to see strong...
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Groton Townhome Complex Sells to NYC Investment Firm
Northeast Private Client Group (NPCG) recently closed the $25,400,000 sale of Groton Townhomes, located at 126 Litton Ave., Groton, CT. Managing director Bradley Balletto represented the seller, Groton Ventures LLC of New Jersey, and procured the buyer, Rowin Capital and its affiliate Penlane Real Estate, a private real estate investment firm headquartered in New York City and led...
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TA Realty Picks Up Arvada Apartments for $100M
The Gateway Arvada Ridge apartments, at 5458 Lee St., in Arvada, were sold for $100 million. TA Realty was the buyer, and Revantage, a corporate services company serving Blackstone Real Estate portfolio companies and investments, was the seller. The Denver Business Journal reports that the Gateway Arvada Ridge apartments last sold for nearly $131 million...
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Vestar Planning Massive “Urban Oasis” in Mesa
Retail developer Vestar revealed plans for Legacy Park, a massive mixed-use project in southeast Mesa. Spanning 200 acres near Mesa Gateway Airport, Arizona Athletic Grounds, and ASU’s Polytechnic, the Legacy Park project will include: a more than 20-acre urban park will include several trails and a large man-made lake, 300,000 square feet of upscale retail...
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Chicago-Based TLC Management Pays $100M for Vernon Hills Apartments
TLC Management, a Chicago-based company that exclusively owns and operates each of its rental communities, has purchased a Vernon Hills apartment complex for $100 million, marking the biggest suburban multifamily trade so far this year. Investor Stuart Handler’s Chicago-based company acquired The Mil’Ton, a 294-unit, three-building property at 1155 Museum Boulevard, from financial Mesirow, reported Crain’s....
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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