News
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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Hoboken Apartments Trade After Three-Way Bidding War
Marcus & Millichap closed the sale of 719 Willow Ave., a multifamily property in Hoboken, NJ, for $4,580,000. The property is six blocks from Hoboken’s Washington Street retail corridor and less than a mile from Hoboken Terminal. It includes approximately 10,300 rentable square feet across nine residential units and one ground-floor commercial space. “The seller engaged...
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Canton Development Site Will Support 49 Condos via Zoning Overlay
Marcus & Millichap closed the sale of a 2.21-acre transit-oriented development site in Canton, MA for $4.6 million. The property includes three contiguous parcels at 399 and 403 Neponset St. and 0 Jackson St. “This was the perfect example of why the zoning overlay was put in place, as the underutilized commercial property will be razed...
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Affordable Complex Breaks Ground as Part of $4B Mission Valley MXU
Architectural design firm MVE + Partners celebrated the groundbreaking of The Becker, a $140-million affordable housing complex in Mission Valley. The complex is part of the transformative $4-billion Riverwalk development in San Diego, a mixed-use and recreational project master-planned by MVE that will convert a former golf course into a 195-acre transit-oriented development. The Becker...
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CUNY Takes Over More Floors at Former Midtown Hotel
The City University of New York (CUNY) has acquired more space for student housing conversion at a Midtown Manhattan property that formerly served as a hotel, according to published reports. CUNY paid $125 million for six additional floors at 569 Lexington Ave., the New York Business Journal reported, citing New York City property records made...
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Baltimore-Based Continental Realty Acquires NC Multifamily
Continental Realty Corporation (CRC), a Baltimore-based real estate investment and management company, has acquired the Lofts at Reynolds Village in Asheville, North Carolina. The 201-unit multifamily community contains 63,000 square feet of ground-floor retail space. The property was formerly owned by an affiliate of Lone Star Real Estate Fund VI, L.P., and Michael Saclarides of...
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Suburban Chicago Apartments Sell For $88M
An affiliate of Chicago-based Nuveen, a global investment manager, has purchased an apartment complex in La Grange for nearly $88 million. Oak Brook-based JVM Realty sold Uptown La Grange, a five-story, 254-unit property at 31 E. Ogden Ave. in the west suburb last month, reported Crain’s. CBRE’s John Jaeger, Justin Puppi and Jason Zyck represented...
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Radom Building Rental Community Adjacent to Houston Landmark
Radom Capital recently broke ground on Clock Tower Residences at 611 W. 22nd Street. The multifamily development will consist of 214 newly built residential units, four live-work units and a neighborhood-focused food and beverage concept. Amenities include multiple community areas, such as resident lounges, co-working spaces and media rooms, a fitness and wellness center, entertainment...
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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