News
Colliers Facilitates $20M Sale of Multifamily Property in Seattle
Colliers announced the $20.4 million off-market sale of Stream 403, a 47-unit trophy asset located at 403 Belmont Ave. E. in Seattle’s Capitol Hill neighborhood. Colliers Senior Vice President Sam Wayne and Associates Dylan Luxenberg and Reed Gustavsen facilitated the transaction. Stream 403 is a 47-apartment boutique residence on the corner of Belmont and Harrison....
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Agador Spartacus Inks $58.5M Loan to Build Two Deltona BTR Communities
Agador Spartacus closed on a $58.5 million construction loan for two build-to-rent communities in Deltona, Florida. Anchor Loans provided the loan. The financings include approximately $30.2 million for Magnolia Cottages at Deltona, a 153-home community, and $28.3 million for Magnolia Villas at Deltona, a 126-home community. Located on adjacent parcels, the projects will add a...
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Newmark Affiliate Arranges $369M Financing for 11 Florida Affordable Housing Properties
Newmark Group arranged a $369 million Fannie Mae credit facility on behalf of April Housing, supporting the long-term preservation of an 11-property affordable housing portfolio located throughout Florida. The financing consisted of a $221.4 million fixed-rate draw and a $147.6 million floating-rate draw, structured as an interest-only facility through Fannie Mae. A buydown on the...
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Morehouse, Spelman Debut $147M Student Housing Project
Radnor Property Group, in partnership with Madrone Community Development Foundation, joined Morehouse College and Spelman College in breaking ground on The Den at Eight50 West: a $147 million student housing development in the West End neighborhood of Atlanta. The project is at 850 West End Avenue in Atlanta, steps from Morehouse and Spelman Colleges. The Den...
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Apollo, UDR Forming $2-Billion Multifamily Joint Venture
UDR, Inc. and Apollo said Wednesday they would form a new, long-term joint venture involving a diversified portfolio of apartment communities. Apollo will invest approximately $1.34 billion of equity capital for a two-thirds interest in the JV, which owns a 19-property portfolio totaling 7,059 units and valued at approximately $2.0 billion. Under the terms of...
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NYCHA Cuts Ribbon on $636M Rehab of East Brooklyn Apartments
The New York City Housing Authority (NYCHA) and Reid Park Rock PACT Partners, which includes Fairstead, BRP Companies, Urbane and the Local Development Corporation of East New York, today were joined by residents and elected officials at a ribbon-cutting ceremony marking the completion of the $636-million rehabilitation of Reid & Park Rock homes in East...
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Anaheim Sale is First Closing in Broader Multifamily Portfolio
Marcus & Millichap recently completed the sale of Empire Apartments, a 29-unit multifamily property in Anaheim. The property sold for $8.5 million, or $293,103 per unit. “This transaction was completed all cash and non-contingent at signing, with a 26-day escrow,” said Tyler Leeson, executive managing director investments. “It also represents the first closing from a...
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Toronto Condo Site Finds New Life As $165M-Backed Rental Tower
A downtown Toronto development site with a decade-long history is finally moving forward as purpose-built rental housing, backed by $165M in federal financing announced Friday. Kingdom Development is advancing The Bull Tower, a 370-unit rental development at 128 Peter St. in Toronto’s Entertainment District. The 41-storey project is underway, with city documents showing demolition began...
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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