News
ULI Report Outlines Local and State Solutions to the Housing Crisis
The federal policies regarding housing remain uncertain. While the National Housing Crisis Task Force has suggested recommendations to boost federal involvement in housing, nothing seems to be done; in fact, there have been suggestions of rollbacks on tools designed to help with new housing. As a result, state and local jurisdictions are starting to pay...
Learn more
Harbor Group Under Contract for $740M New England Portfolio
An affiliate of Harbor Group International (HGI) is under contract for the $740-million acquisition of a portfolio of five suburban multifamily communities from Apartment Investment and Management Company (Aimco). Totaling 2,719 units, the properties are located across the greater Boston metro area. “The addition of these communities will deepen HGI’s presence within the Boston area, a market exhibiting robust multifamily fundamentals...
Learn more
Chandler Rental Community Sells for $109.5M
Country Brook Apartments, a 396-unit multifamily property in Southwest Chandler, has sold for $109.5 million. Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach in the Arizona office of Colliers handled the sales transaction. Luke Donahue and Patrick O’Donnell of Colliers Mortgage coordinated financing for the acquisition. Colliers Mortgage provided a non-recourse, full-term interest-only fixed-rate...
Learn more
Inside Goodin Development’s Model: A Calculated Approach to Ground-Up Development
While today’s market has many investors sitting on the sidelines, Justin Goodin, founder and CEO of Goodin Development, sees a window of opportunity—especially in ground-up multifamily development. With years of experience in underwriting and finance, Justin knows how to structure deals that balance risk, return, and long-term stability. Through Goodin Development, he’s focused on building...
Learn more
Resia Obtains $82M in Financing for N. Fort Worth Project Construction
PGIM Real Estate has provided a $24 million mezzanine loan on behalf of its structured debt strategy to Resia for the development of a multifamily community in North Fort Worth (photo), Texas. Jesse Wright at JLL Capital Markets arranged the financing. Bank OZK provided a $58 million senior loan. The eight-story community will have 464...
Learn more
Site Work Begins On Raleigh’s Tallest Residential Building
Turnbridge Equities has commenced site demolition and will soon break ground on Highline Glenwood, a 37-story, 306-unit luxury residential tower in Downtown Raleigh, North Carolina. In connection with the start of construction, Turnbridge has closed on approximately $147 million of construction financing provided by Axos Bank and managed accounts of the Manulife Investment Management Real...
Learn more
Capital Square Acquires Multi-Family Development Site in Anjou
Capital Square has acquired a 200,000-square-foot multi-family development site in Montreal’s Anjou borough from First Capital REIT for approximately $33 million. Capital Square said the future transit-oriented development site is intended for a phased, large-scale multi-residential project. The company did not disclose the purchase price. But First Capital stated in its second-quarter report that it...
Learn more
Avatar Provides Bridge Loans for Two Houston Rental Properties
Avatar Financial Group, a leading national bridge lender specializing in commercial real estate, has provided $7.34 million to refinance a pair of garden-style communities in Houston, Texas. The bridge loan carries a two-year term and an LTV of 70%. The 78-unit Donovan Village is located at 601 West Donovan St. in Northwest Houston’s Independence Heights...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout