News
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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Class A Culver City Rentals Secure $92M Construction Loan
JLL Capital Markets secured a $92-million construction loan for Aston Residences, a 190-unit, Class A multifamily project in Culver City with a 2028 scheduled completion date. Senior managing director Jeff Sause, director Chad Morgan, associate Jacob Michael and analyst Danny Ryan represented Helio Group in arranging the floating rate loan with Affinius Capital. “This construction financing underscores the strength...
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Passive House Project in Brooklyn Closes on $535M Financing
Alloy Development and The Vistria Group said Tuesday they had closed on $535 million in capital for constructing the second phase of the Alloy Block in Downtown Brooklyn, One Third Ave., reportedly the tallest Passive House building in the world. Rising to 730 feet, One Third Ave. completes the Alloy Block, joining the two projects...
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Tribal Wealth Fund Pays $82M for Charlotte Apartment Community
Trammell Crow offloaded Alexan Mill District, a 290-unit apartment community at 1001 N. Brevard St. in Charlotte. The Seminole Tribe of Florida Sovereign Wealth Fund paid $82 million for the rental asset. Northmarq’s Charlotte Multifamily Investment Sales team, led by Allan Lynch, Caylor Mark, Andrea Howard, John Currin, Jeff Glenn, and Austin Jackson, represented Trammell Crow. Built in 2024, Alexan Mill District offers studio,...
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ECI Building Apartment, Retail Project in Savannah
ECI Group (ECI) broke ground on The Averly Richmond Hill, a $60 million, 291-unit, mixed-use development with retail acreage along Ford Avenue in Richmond Hill, GA. ECI Construction is the general contractor, with construction financing provided by Synovus and CIBC, and will deliver pad-ready retail sites in Q1 2026 for tenants. Ashley Smith and Tyler Mouchet of...
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Carney’s Retaliatory Tariffs Shift Draws Criticism, Praise
Labour and small-business groups are panning and praising Prime Minister Mark Carney’s decision to ease retaliatory tariffs against imports from the U.S. The shift takes effect September 1 and could have widespread implications for Canadian commercial real estate. Unifor, Canada’s largest union, slammed Carney’s revised stance. Unfor said “the move the move undermines Canadian workers...
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Sales Start for New Townhome Development in Northbrook
Chicago-based Lexington Homes announced sales are underway at Gateway, a new enclave of 25 townhomes in downtown Northbrook, Illinois. Located at 1181 Shermer Road, Gateway features the recent redesign of Lexington’s Mews series townhomes. The first deliveries are expected to begin in spring 2026. The three-level townhomes measure from 1,954 to 2,278 square feet and...
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Jonathan Rose Buys Senior Housing Property in Kalamazoo for $21M
Jonathan Rose Companies has acquired Crosstown Parkway Apartments, a 201-unit, affordable housing community designated for senior residents located at 550 W Crosstown Parkway in Kalamazoo, Michigan, for $20.5 million. The transaction marks the fifth acquisition for the Rose Affordable Housing Preservation Fund VI and grows the firm’s Michigan portfolio to 16 communities. Jonathan Rose Companies...
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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