News
Roers Obtains $91.4M Financing for Naples Apartments
Marcus & Millichap Capital Corporation (MMCC) arranged $91.4 million in financing for the construction of two multifamily assets in Naples, Florida: Vintana at Vanderbilt, a 150-unit apartment property, and The Karlyn, a 159-unit, active adult community for residents aged 55 and older. Gary Sefcik, based in MMCC’s Manhattan office, secured the financing. The capital stack...
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Hamilton to Reduce Development Fees by 20% for Two-Year Period
Hamilton will cut development charges by 20% for two years starting in September in an effort to bolster the struggling residential-construction sector. City council recently approved the measure in a 9-3 vote. “This is one more step in a coordinated strategy to increase housing supply for Hamilton residents,” said Mayor Andrea Horwath. “Hamiltonians are feeling...
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JV Acquires, Rebrands Workforce Apartments in Azusa
Langdon Park Capital and Standard Real Estate Investments acquired an 84-unit multifamily property in Azusa. Deal terms were not disclosed. The community will be rebranded as Langdon Park on Arrow and will operate under a long-term affordability structure designed to benefit working families. The acquisition is part of a broader strategy by Langdon Park Capital...
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Historically Preserved Portfolio Trades in Upstate NY’s Schuyler County
CBRE closed the sale of a three-property, historically preserved portfolio, including 32 residential apartments and five commercial spaces, located in Watkins Glen and Montour Falls in upstate New York’s Schuyler County. Capriotti Properties acquired the portfolio from Nelson Development. The CBRE team of Richard Gatto, Fahri Ozturk, Zach McHale and Matthew Loscalzo spearheaded the marketing...
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Peak Properties Takes Over Ten Apartment Units in Andersonville
Peak Properties has been award a management assignment at 1349-57 W. Berwyn Ave. in the Andersonville neighborhood of Chicago. Together, the two buildings feature ten renovated units with large windows and ornate details and entryways. The property is conveniently located close to Foster Beach, Jewel-Osco, and Andersonville shopping destinations. The building is located five minutes...
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West LA Development Site Could Hold 200-Plus Apartments
CBRE closed the sale of a 1.73-acre multifamily development site at 9700-9740 W. Pico Blvd. between Brentwood and Century City in Los Angeles. Pico BWB LLC acquired the property for $24 million. CBRE’s Melinda Russell and Josh Samuels represented both the buyer and the undisclosed seller. “This coveted West L.A. site represents a once-in-a-generation opportunity to develop...
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City Plans Nearly 1,000 Affordable Units Along Bronx Waterfront
New York City Mayor Eric Adams said Friday the city will move forward with Fordham Landing South, a transformative affordable housing development along the Bronx waterfront that will create more than 900 affordable homes for New Yorkers. Alongside developers Dynamic Star and Lettire, the Adams administration will advance the project along an underused stretch of...
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Gantry Secures $12M for Kansas City Multifamily Acquisition
Gantry has secured an $11.5 million loan for the acquisition of The Life at Highland Village apartment complex located at 8619 East 61 Terrace in Kansas City, Missouri. The 200-unit garden-style property includes 11 buildings with a mix of one- and two-bedroom units. Gantry’s Mark Reichter, Principal, and Alex Frook, Associate, with the firm’s Kansas...
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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