News
Gantry Secures $32M for St. Louis MF Construction Takeout
Gantry has secured a $32.4 million permanent loan to refinance construction debt for Mia Rose Holdings’ 44 West Luxury Living apartment community. Located at 91 Kaiman Lane in suburban Valley Park, Missouri, just outside St. Louis, the modern 204-unit garden-style apartment community features one- and two-bedroom floorplans. The property, comprised of five residential buildings and...
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70-Unit Townhome Development Planned for Falls Church
EYA LLC has officially secured entitlement approvals from St. Paul’s Lutheran Church in Falls Church, marking a major milestone in the site’s transformation into a townhome community. Located at the intersection of Leesburg Pike and Idylwood Road, the approximately 70-townhome community will honor the church’s vision for growth while introducing new housing, green space and...
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Feds, Province, City Invest $49.5M in Montreal Affordable Housing Project
The federal, Quebec and municipal governments are investing $49.5 million altogether in an affordable-housing development in downtown Montreal’s Bridge-Bonaventure district. The project will be the first residential development in Bridge-Bonaventure, where thousands of multi-residential units are slated to be built in coming years. The project, led by Broccolini in partnership with Bâtir son quartier and...
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Camber Partnership Adds Connecticut Affordable Housing
Camber Property Group and Honeycomb Real Estate Partners acquired Dobbs Crossing, an 84-apartment, 100% affordable housing development in Vernon, CT, for $11.5 million. This transaction is Camber’s second foray into Connecticut in recent years, following the acquisition of Oakland Heights Apartments in Manchester. “In the midst of a national housing crisis, preserving existing affordable housing...
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Marcus & Millichap Brokers Sale of 38-Unit MF Portfolio in Chicago
Marcus & Millichap has completed the sale of a six-property, 38-unit multifamily property portfolio in the Noble Square neighborhood of Chicago, Illinois. The properties sold for a collective $7.925 million. The six properties are located at 1516 N. Greenview Ave., 1452 N. Greenview Ave., 1350 N. Greenview Ave., 1302 N. Cleaver St., 1362 W. Crystal...
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IPA Represents Original Developer in $100M Ventura Apartment Sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap serving the company’s institutional clients, closed the $100-million sale of Cypress Point, a 268-unit multifamily property in Ventura. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the seller, County Center LP, and procured the buyer, Raintree Partners. “Cypress Point is a low-density, value-add opportunity asset that...
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Harrison Street, B2K Divest Five NY Seniors Properties for $600M+
(Updated with additional information) Harrison Street Asset Management on Wednesday announced the sale of five Class-A seniors housing communities throughout central Long Island and New York, in a transaction valued at more than $600 million. Although Harrison Street did not identify the buyer, Bloomberg News reported it as healthcare REIT Ventas Inc. The portfolio comprises...
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NASA Hilton Sold, Conversion on Way
Ayrshire Corp. bought the Hilton Houston NASA Clear Lake hotel for $27 million. The 242-room hotel will be transformed into a Compass Hotel by Margaritaville with condos. Ashford Hospitality Trust was the seller. It is located across the road from the Johnson Space Center. The Houston Business Journal reports Ayrshire will turn the top three floors...
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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