News
Continuum Closes on $67M Construction Loan for Bay Harbor Condos
Continuum Company secured a $67 million construction loan from S3 Capital to advance La Baia North, its second boutique bayfront condominium in the Bay Harbor Islands. The eight-story project at 9481 E Bay Harbor Drive will feature 57 residences and is scheduled for delivery in early 2027. La Baia South, its sister project, is fully...
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Southern Land Obtains Refinancing for Charleston Apartments
Southern Land Company refinanced the construction debt of Society at Laurens, a 148-unit apartment community in Charleston, South Carolina. Walker & Dunlop arranged a three-year bridge loan of $75 million with Aareal Capital. The W&D Capital Markets team, led by Walker Layne, Matt Wallach and Stephen West, served as advisors to Southern Land Company. The property has 1-bedroom, 2-bedroom and...
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Killam Expects Atlantic Canada Markets to Outperform
Killam Apartment REIT expects its Maritimes assets to continue to outperform those in other markets. The REIT’s New Brunswick and Nova Scotia properties led the way in occupancy, rental-rate growth and NOI growth,” Dale Noseworthy, Killam’s CFO, told analysts on a second-quarter earnings call. “Looking ahead, we expect this trend to continue as Killam’s Atlantic...
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RECO Freezes iPro Assets, Launches Internal Review
The Real Estate Council of Ontario has frozen shuttered brokerage iPro Realty’s assets in wake of a scandal that has plagued the regulator and cost its former registrar his job. The moves come after RECO shut down iPro while deciding not to file charges or fine the company. The firm’s two co-founders also signed undertakings...
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C.W. Driver Completes Affordable Student Housing for Cal State Northridge
C.W. Driver Companies, a California builder specializing in educational facilities, has completed two new student housing buildings at California State University Northridge (CSUN). The $56-million project is comprised of Joshua Tree Hall and Hibiscus Hall, which collectively bring 198 beds within dual occupancy rooms. The project marks the first approved affordable student housing for the...
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RIPCO Arranges Construction Loan on LIC Residential
RIPCO Real Estate arranged $23.15 million in construction financing for a ZD Jasper Realty and Winspire Development building located at 37-20 Crescent St. in the Dutch Kills section of Long Island City. The deal was secured with the involvement of ZD Jasper VP Jasper Wu and Winspire’s Michael Wang. RIPCO’s Capital Advisory team — led by...
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$56M in Capital Secured for Second Phase of Minnesota MF Development
JLL has secured joint venture equity and construction financing totaling $55.62 million for The Fox and The Grouse Phase II, a 188-unit multifamily development located in the Golden Triangle neighborhood of Eden Prairie, Minnesota. JLL represented the sponsor, Greco and Eagle Ridge Partners, in facilitating the $39.12 million, three-year, floating-rate loan through MidWestOne Bank. JLL...
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Benchmark Senior Living JV Acquires Fairfield County Property
A joint venture of Benchmark Senior Living and National Development acquired Church Hill Village in Newtown, CT. Renamed Benchmark at Newtown, the 71-apartment assisted living and memory care community will be operated by Benchmark. With financing provided by Webster Bank, the Newtown deal follows Benchmark and National Development’s recent partnership on a new senior living community in...
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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