News
Regional EDC Sees $285M Annual Economic Impact from Midway Rising Project
A new analysis commissioned by the Midway Rising development team and authored by San Diego Regional Economic Development Corporation (EDC) estimates the Midway Rising redevelopment in San Diego’s Midway/Sports Arena neighborhood will have a $285-million direct annual economic impact, equivalent to hosting another San Diego Comic-Con. The $3.9-billion project will remake the nearly 60-year-old, city-owned...
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Two Residential Towers Approved for Dorchester Site
The Boston Planning and Development Agency has given the green light to plans for a pair of 18-story residential towers on the site of the old Channel 56 building at 75 Morrissey Blvd. in Dorchester. The approximately $450-million development from locally based Copper Mill and Chicago-based POB Capital will create 754 new apartments in the...
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Foulger-Pratt to Acquire DC Multifamily Portfolio from AvalonBay for $450M
The Foulger Pratt Cos. and two partners are acquiring nearly 1,250 units across four Washington, D.C. multifamily properties from AvalonBay Communities Inc. Foulger Pratt, alongside investors PCCP LLC and Tryline Capital, purchased three of the properties last week for $411 million from Arlington’s AvalonBay with the aid of three Capital One loans totaling $289 million,...
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NYCHA Issues Call for Private Developers to Partner on Low-Income Housing
The New York City Housing Authority (NYCHA) has issued a Request for Expressions of Interest (RFEI) to solicit interest from partners with development projects on private land, exploring the expansion of public development opportunities that could create more low-income housing in the five boroughs. A virtual pre-submission conference is scheduled for Sept. 9. “NYCHA is not only the...
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Simon | Anderson Team Arranges $19M Sale of Belltown Apartments
Cornelius Apartments, a 137-unit property located at 306 Blanchard Street in Seattle’s Belltown neighborhood, has sold for $19 million. Dylan Simon, Jerrid Anderson, Matt Laird, and JD Fuller of the Simon | Anderson Multifamily Team at Kidder Mathews represented the seller. “This transaction underscores the continued investor demand for well-located multifamily assets in Seattle’s urban...
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PMG Lands $107.5M Construction Loan for Cherry Creek Condos
PMG secured $107.5 million in construction financing for Waldorf Astoria Residences Denver Cherry Creek in Colorado. Maxim Capital Group provided financing. The transaction was led by PMG’s Capital Markets team, composed of Andrew Warman, Jonathan Blank, and Paton Marion, in coordination with in-house counsel Lowell Plotkin, Lindsay Davis, and Scott Buscemi. Concept design for the property is...
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Raleigh Developer Eyeing Hotel, Apartments in Brier Creek
Saying office is not a viable option at the location, American Asset Corporation is looking to change the permitted uses for a property it owns on 18 acres between Brier Creek Corporate Center (shown) and Brier Creek Commons Shopping Center. The Triangle Business Journal reports the amendment would allow for removing office uses, reducing the commercial...
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Lendlease Begins Pre-leasing at Riverfront Apartments in Greenpoint
Lendlease has begun pre-leasing at The Riverie, located at 18 India St. in the Greenpoint neighborhood of Brooklyn. With opening slated for October, The Riverie is an all-electric residential development with 834 rental apartments and what is reportedly the largest high-rise geoexchange system in the country. “The Riverie comes online at a moment when demand for thoughtfully...
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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