News
Toronto City Council Approves Northcrest’s Hangar District Project at YZD
Toronto city council has unanimously approved the first phase of the massive redevelopment of the former Downsview Airport Lands. The first phase is known as the Hangar District and is slated to contain a combination of multi-residential, retail, industrial and office properties, along with amenities. Future phases will contain the same asset mix. The overall...
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Feds, City Invest $75M for Downtown Calgary Office-Conversion Project
The federal government and city are investing $75 million in a downtown Calgary office-conversion project. Ottawa is providing $64.3 million to Dream Office REIT, the project’s developer, through Apartment Construction Loan Program. The low-interest loan is fully repayable. Meanwhile, the city is investing $10.5 million and Dream is furnishing $9 million through a subsidiary. “Our...
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Vancouver Apartment-Condo Sales Fall 2.9%
Apartment-condo sales in Metro Vancouver declined 2.9% in July compared to the same month a year earlier, according to the Greater Vancouver Real Estate Board (GVREB). A total of 1,158 apartment units changed hands, down from 1,192 in July 2024. The benchmark price for an apartment home was $743,700, a 3.2% decrease year-over-year and 0.6%...
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IPA’s Green, Grabiec and Harris Close Monrovia Apartment Sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, announced today the sale of Oak Park, a 156-unit multifamily property in Monrovia. IPA’s Kevin Green, Joseph Grabiec and Gregory Harris represented the seller, Goldrich Kest, and procured the buyer, a private multifamily investment firm “One of only four 100-unit multifamily communities...
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Dwight Provides $155M Refi on Two-Building Bronx Multifamily
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $155-million bridge loan to refinance 261 & 315 Grand Concourse, a newly developed 405-unit multifamily community in the Bronx. The financing was originated on behalf of the sponsor, Beitel Group, and brokered by Pinchas Vogel at Landstone Capital Group. The project is eligible for a 35-year 421-a tax...
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LTC REIT Acquires Private-Pay Seniors Housing in Morgan Hill
JLL Capital Markets completed the sale of Loma Clara, an 89-licensed-bed, Class A seniors housing community in Morgan Hill, for an undisclosed amount. Senior managing director Aaron Rosenzweig and Senior director Dan Baker marketed the property on behalf of the seller, Steadfast Senior Living, and procured the buyer, LTC REIT. The buyer will retain Discovery Management as the...
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Impact Pool Investment Will Preserve Affordability at Arlington Complex
LEO Impact Capital, JBG SMITH’s workforce housing investment management platform, said the Impact Pool, an investment vehicle it manages, made a preferred equity investment in Haven Columbia Pike. The investment will preserve the affordability of all 118 apartments at the property, a garden-style residential community located at 805 S. Florida St. in Arlington, VA and owned...
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$79M Bridge Loan Finances Senior Living Portfolio in Oregon, Montana
JLL Securities and JLL Capital Markets have arranged approximately $79.32 million in tax-exempt, floating-rate bank financing for Integrated Senior Foundation’s acquisition of three senior living communities in Oregon and Montana. JLL worked on behalf of ISF, a nonprofit provider, to secure a low spread bridge loan, financing the acquisition at 103% LTC. The JLL Securities team...
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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