News
Global Real Estate Advisors Arranges Financing for Three Oregon Multifamily Properties
The Capital Services Group of GREA (Global Real Estate Advisors) has arranged financing for three multifamily properties in Oregon. The transactions were secured by a GREA Capital Services team that included Director Anthony Priest and Senior Director Matt Swerdlow, who are based in the New York City Office. The transactions included a $7 million acquisition...
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Berkshire Residential Taking Full Ownership of Multifamily Mortgage Lender MF1
Boston-based Berkshire Residential Investments has agreed to acquire Limekiln Real Estate Investment Management, LP’s 50% interest in MF1 Process LLC, making Berkshire the sole owner of the private-label multifamily mortgage lender. MF1 was launched in 2018 as a 50/50 joint venture between Limekiln founder Scott Waynebern and Berkshire. Terms were not disclosed. As part of the transaction, it is...
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Albion Residential, Clayco Reach Milestone for St. Louis Apartment Project
Albion Residential and Clayco announced that Albion West End reached its topping-out milestone. This marks the completion of the building’s structural frame, which is a significant step toward delivering the 30-story luxury residential tower to St. Louis’ Central West End on schedule, with first residents expected to be welcomed in spring and full completion of...
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Lower Manhattan Has Undergone “Profound Transformation” Since 9/11
A quarter-century after the Sept. 11 terror attacks, Lower Manhattan has undergone “a profound transformation,” New York State Comptroller Thomas DiNapoli said in a report charting the area’s socioeconomic changes. DiNapoli cited a diversified business community, an expanding tourism sector, major public transportation investments and the emergence of a 24-hour neighborhood that has seen the...
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Draper and Kramer Closes $94M Refinance for Fulton Market Multifamily Property
Draper and Kramer, Incorporated’s Bill Barry and Bill Stewart, both senior vice presidents with the firm’s Commercial Finance Group, have closed a $93.5 million refinance loan on behalf of Sterling Bay and Ascentris for The Elizabeth, a 28-story multifamily tower at 225 N. Elizabeth St. in Chicago’s Fulton Market. “This deal is indicative of the...
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Edmonton Launches Fund To Buy Aging Apartment Buildings
Edmonton is putting municipal funding behind non-profit buyers of older apartment buildings, adding a new source of acquisition capital to the city’s multifamily market as officials try to slow the loss of lower-cost rental stock. The Edmonton Rental Protection Program will help eligible non-profits acquire and rehabilitate existing market rental properties, with the city saying...
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Starlight Closes £680M UK Rental Housing Fund
Toronto-based Starlight Investments has raised £680 million for its second U.K. build-to-rent fund and related investment vehicles, giving the Canadian manager fresh capital to expand a residential platform it launched in Britain six years ago. Starlight UK BTR Fund II will support the acquisition and delivery of more than 6,000 rental homes, with three projects...
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Greenstone Partners Closes Off-Market West Loop Land Sale
Greenstone Partners completed the $4.35 million sale of 1276 W Washington Boulevard, a development site in Chicago’s West Loop neighborhood. Danny Spitz and Malek Abdulsamad of Greenstone Partners represented the seller and buyer in the transaction. The property was a 14,850-square-foot parcel of land owned by a longtime Greenstone client. Greenstone evaluated several development scenarios before identifying boutique condominium development...
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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