News
Icahn-Owned Nashville Scrapyard Sells for $245M
A longtime scrapyard on Nashville’s East Bank has been a thorn in the side of city officials. It’s an eyesore in the middle of a swath of land that is expected to be developed into a modern, vibrant part of the town. Now it’s been sold and the planning can begin. The Nashville Business Journal...
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Starlight Sells Orlando Rental Asset After Loan Extension Talks Fall Through
Starlight U.S. Multi-Family (No. 2) Core Plus Fund (TSXV: SCPT.A) (TSXV: SCPT.U)(the “Fund”) announced today that it has completed the sale of Hudson at East Apartments, a 275-suite Class “A” institutional quality multi-family property, built in 2018 and located in Orlando, Florida, to an arm’s length buyer for cash proceeds of $68.4 million. The Fund utilized the proceeds to fully repay the...
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Starlight Completes Forced US$64.7M Sale of Orlando Apartment Property
Starlight Investments has completed the forced sale of a 264-suite class A multi-family property in Orlando for US$64.7 million, the company announced. Toronto-based Starlight had held the asset in its U.S. Residential Fund. Built in 2017, the property’s sale proceeds will be used to fully repay its first mortgage of about US$64.2 million. The transaction...
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Logos Faith Development Receives $500K Grant from Roy and Patricia Disney Foundation
Logos Faith Development (LOGOS) has received a Program Related Investment today of more than $500,000 from the Roy and Patricia Disney Family Foundation (RPDFF) that will help it convert underutilized churches and adjacent lots into affordable housing in South Los Angeles. The capital infusion will support LOGOS, a Los Angeles-based social impact real estate firm,...
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Upper East Side Apartments Trade to Overseas Investor
Marcus & Millichap arranged the $10.4-million sale of a 34-unit, 17,110-square-foot multifamily property located at 234-236 E. 88th St. in Yorkville on Manhattan’s Upper East Side. Joe Koicim and Logan Markley represented the seller and procured the buyer. “This was a rare opportunity to acquire an 82% free-market multifamily asset on the Upper East Side of...
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Dwight REIT Closes on Bridge Loan to Refi Greenpoint Rentals
Dwight Mortgage Trust (DMT), the affiliate REIT of Dwight Capital, closed a $34-million bridge loan to refinance 170 Freeman St., a newly developed 67-unit apartment community located in the Greenpoint neighborhood of Brooklyn. The transaction was originated by DMT’s David Scheer on behalf of the borrowers, Daniel Greenberg and Joshua Greenberg of Green Street Group Managers LLC. Loan proceeds will cover transaction...
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BH3-Capstone JV Acquires Newly Built Downtown Brooklyn Tower
A joint venture between BH3 Management and Capstone Equities has acquired Downtown Brooklyn’s 141 Willoughby St., reportedly through foreclosure, and will reposition the tower as a mixed-use property, combining Class A commercial space and residential apartments. The 24-story tower, which delivered in 2023 and is currently vacant, will feature more than 200 residences alongside 110,000 square feet of commercial space. Office and...
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Average Apartment Asking Rents Decline for 10th Straight Month
The national average apartment asking rent in July fell 3.6% from a year earlier to $2,121, marking the 10th straight month of annual declines and the largest drop of 2025 so far, according to Rentals.ca and Urbanation. On a month-over-month basis, asking rents slipped by $4 from June. Purpose-built apartment asking rents dropped 1.7% year-over-year...
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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