News
Altus Strategic Review Could Lead to Sale
Altus Group is conducting a strategic review that could result in a sale or merger of the business, the company announced. The announcement came after The Globe and Mail, along with Reuters, reported that the Toronto-based commercial real estate analytics firm is exploring a sale. Both the Globe and Reuters based their reports on comments...
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Starlight Begins Construction on Major Victoria MF Project
Starlight Investments has broken ground on the first phase of Harris Green Village, the largest multi-family housing development in Victoria, B.C.’s history. The initial phase will deliver 526 new rental suites downtown, including 80 affordable units. Upon completion, the three-phase, mixed-use community will add more than 1,500 rental homes and 100,000 square feet of retail...
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City Council Approves Midtown South Rezoning to Add 9,500 Housing Units
The New York City Council on Thursday approved the Midtown South Mixed-Use Plan, the largest residential neighborhood rezoning plan in two decades that is slated to create more than 9,500 new housing units. The plan includes over $448 million in community and infrastructure investments for the Midtown South area. “To confront the citywide housing and...
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55-Story Condo Tower Breaks Ground in LIC’s Court Square
Incoco Capital, along with developers Charney Companies and Tavros, held the groundbreaking of a 55-story residential tower in Long Island City’s Court Square. The future condominium encompasses both 24-19 Jackson Ave. and 45-03 23rd St.. The formal name for the building has not yet been determined. “Our dream of creating condos in one of the most electric neighborhoods in New York City is now becoming...
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Holland Partner Group Sells New-Build Apartments in Off-Market Deal
CBRE arranged the off-market sale of Folia, a 342-unit multifamily property at 12520 Camino Del Sur in San Diego, to an undisclosed buyer. CBRE’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas represented the seller, Holland Partner Group. “The sale of Folia exemplifies the type of suburban Southern California core apartment product that investors highly seek after,” said Parsons. “Its successful sale is a...
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Apartment Investor Adds Scale in Seattle Neighborhood
Marcus & Millichap closed the sale of Villa Maria, an 11-unit apartment property located in Seattle, The asset sold for $2,115,000. The buyer, a limited liability company, was secured and represented by Jake Morse, Ryan Dinius, and Sidney Warsinske, investment specialists in Marcus & Millichap’s Seattle office. “The seller’s loan was called, putting them in a position where they needed to sell, and...
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WNC Partners on Springfield, MA Adaptive Reuse
WNC & Associates and First Resource Development Company LLC have partnered on the rehabilitation and adaptive reuse of two historic buildings into Merrick Park Apartments, a 62-unit affordable housing community in Springfield, MA. The project involves the rehabilitation of the former Springfield Fire and Marine Insurance Company building and an adjacent residential building. Located at...
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Middleburg, Capital City Seal Deal to Develop Fairfax Apartments
Middleburg has closed on a co-GP development with Capital City Real Estate. The partnership has secured land and a reported $100 million in financing for The Botanist, a 260-unit luxury Class A multifamily community located at 10350 Eaton Pl. in Fairfax, VA. With more than four decades of combined experience in multifamily investment, development and...
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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