News
Feds Investing $326M in B.C. infrastructure
The federal government will invest $326 million in infrastructure projects across B.C. The funding will enable communities to build new essential and recreational infrastructure, such as a new sports field lighting, and safety improvements at Tamanawis Park in Surrey. “Building a strong Canada starts with building strong communities,” said Housing and Infrastructure Minister Gregor Robertson. “We are...
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Desjardins to Acquire Guardian in $1.7B Take-Private Deal
Desjardins Group has agreed to acquire Guardian Capital in an all-cash transaction valued at about $1.7 billion. If the proposed deal is completed, Montreal-based Desjardins will take Toronto-headquartered private. Desjardins said the proposed acquisition will strengthen its position in asset management across Canada and internationally. The firm acquired Guardian’s life insurance, mutual fund and investment-distribution...
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Ontario Home Construction has Hit Pause Button: Housing Minister
Ontario’s new-home construction is at a “standstill,” a development that could derail the provincial government’s target of building 1.5 million homes by 2031, the province’s housing minister says. Rob Flack delivered a stark assessment of the sector while speaking to reporters in London, Ont., where Premier Doug Ford announced $12 million in funding through the...
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Westbeth Artists Housing to be Recapitalized via Freddie Mac, NY State
Merchants Capital provided $25.2 million in financing as part of the recapitalization and rehabilitation of Westbeth Artists Housing, a 384-unit historic, mixed-use affordable artist housing development located along the West Side Highway at Bethune Street in the West Village. Westbeth Artists Housing is the oldest and largest affordable artist housing development in the U.S. Merchants Capital secured financing...
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ADC Real Estate Snaps Up Pasadena Apartments
CBRE finalized the $22-million sale of ALUR Apartments, a 51-unit boutique multifamily community located at 700 Locust St. in Pasadena. The buyer was ADC Real Estate Group LP, an affiliate of Amoroso Companies. CBRE’s Kamran Paydar and Kadie Presley Wilson represented the seller, a private Los Angeles-based investor. Ryan Greer, Trevor Breaux, and Troy Tegeler with CBRE’s Debt and Structured Finance arranged acquisition financing...
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Construction Launches on Northeastern U.’s 23-Story Boston Dorm
Early-stage site work has gotten underway on a new 23-story tower in Boston for Northeastern University, reported the Boston Business Journal. A mixed-use property that will accommodate 800 student beds along with academic space and community space, the building at 840 Columbus Ave. will replace 500 beds in Fenway. In early August, developer ACC began remediation and...
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Mortenson Helming Massive N. Phoenix Mixed-Use Venture
While plans are in the early stages, Mortenson Development wants to get going on a massive mixed-use project in north Phoenix. The company paid $136 million for 217 acres, having bought the land at an Arizona State Land Auction. The site was once proposed for an entertainment district and arena for the Arizona Coyotes before the team...
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JLL Arranges Sale of 95-Unit Minnesota Apartment Complex
JLL has arranged the sale of Park Villas Apartments, a 95-unit apartment community situated on seven acres in Waite Park, Minnesota. JLL represented the seller, Podawiltz Development Corporation, and secured the buyer, Noel Johnson and Jamison Kohout of Venture Development Group. JLL Capital Market’s Investment Sales and Advisory team, representing the seller, was led by...
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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
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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