News
Dominium to Build 350 Affordable BTR Units in Terrell
Dominium is developing its first affordable housing project in Texas, in the town of Terrell. Terrell Family Apartments will consist of 350 affordable BTR units. Terrell is 30 miles east of Dallas. Multihousing News reports that Associated Bank and Great Southern Bank provided $58.2 million in construction financing for the 4 percent LIHTC project. Terrell...
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Cantiro Sells 74-Unit Kenton Flats In Fund’s First Disposition
Cantiro has sold Kenton Flats, a 74-unit purpose-built rental property in Spruce Grove, Alta., marking the first completed disposition by its Cantiro Opportunity Fund since the investment vehicle launched in 2024. The four-storey property at 39 Kenton Way includes 39 one-bedroom and 35 two-bedroom apartments. Cantiro said the building was 97% occupied before the sale....
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Trammell Crow, Arlington Partnering on $123M Downtown Mixed-Use Project
The Arlington City Council has approved an agreement that will transform the largest remaining area of surface parking in central Downtown into a major mixed-use development while also delivering new City-owned assets, public parking and infrastructure. Trammell Crow Company will acquire the privately owned property needed for the development and convey that land to the...
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MassHousing Closes on Financing for Swampscott Affordable Development
MassHousing has closed on the final financing for the 114-unit The Westcott in Swampscott, developed by WinnCompanies on a former industrial site following approval by the Town of Swampscott. The $14 million in permanent financing was the final financing piece of the $69.1-million development, which was completed with two transactions involving 4% and 9% Low Income Housing Tax...
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Crescent Starts Work on 313-Unit Nashville Rental Community
Crescent Communities is developing NOVEL oneC1TY, a new 313-unit residential community planned for oneC1TY, the mixed-use destination at the intersection of I-440 and Charlotte Avenue in West Nashville. Upon completion in 2029, NOVEL oneC1TY will include 313 studio, one-, two-, and three-bedroom units. Amenities onsite will feature a resort-style rooftop pool deck with scenic landscaping, a bar for social gatherings with sand volleyball, a stylish resident clubhouse, a library, a fitness center built for training and recovery, a courtyard complete with fire pits and outdoor...
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Development Group Inks $58M Construction Loan for Coconut Grove Condos
A development team closed on a $58 million construction loan to build The Lincoln, a luxury boutique condominium with 48 residences in Coconut Grove, Florida. The project has begun construction and is scheduled for completion by Q3 2028. Berkadia’s Scott Wadler, Bobby Dockerty, Mitch Sinberg, Matt Robbins and Brad Williamson secured the financing on behalf...
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Independence Realty Trust, Centerspace to Merge for $8.1B Apartment REIT
Independence Realty Trust, Inc. (IRT) and Centerspace said Wednesday they have agreed to merge in an all-stock transaction, creating a middle-market multifamily REIT focused on high-growth, non-gateway markets. The combined company is expected to have a pro forma equity market capitalization of approximately $5.0 billion and a total enterprise value of approximately $8.1 billion. “By...
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Marcus & Millichap Closes Suburban Chicago Multifamily Property Sale
Marcus & Millichap completed the sale of a 220-unit multifamily asset in St. Charles, Illinois. “Located in a high-demand submarket, Fox Run Apartments is a fully renovated asset well-positioned for long-term growth,” said Ryan D. Engle, senior managing director of investments in Marcus & Millichap’s Chicago Oak Brook office. Engle and Andrean Angelov of Marcus...
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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