News
BridgeCity, Deutsche Bank Lend $320M on 80 Pine St. Residential Conversion
Arrow Real Estate Advisors arranged a $320-million construction loan on behalf of Bushburg Properties for the conversion of 80 Pine St., a 41-story office tower in Manhattan’s Financial District. The financing will support the transformation of the building’s lower floors into 713 residential units, totaling approximately 1.2 million square feet. The loan was provided by...
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Foxfield Acquires 402-Unit Luxury MF in Richmond
Foxfield has acquired Metropolis at Innsbrook, a 402-unit luxury multifamily community located in Glen Allen, a submarket north of Richmond, Virginia. Originally delivered in 2023 and currently 96% occupied, Metropolis at Innsbrook adds to Foxfield’s growing residential portfolio in the Mid-Atlantic market. The sale was brokered by Newmark’s Virginia Multifamily Investment Sales team, including Charles...
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Marcus & Millichap Arranges Sale of DC Apartments
Marcus & Millichap has completed the sale of Concord Gardens, a 70-unit multifamily community located in the Brightwood neighborhood of Northwest Washington, D.C. The property sold for $4.5 million. Approximately 54 percent of the units were vacant at the time of sale.“Despite the challenges of Chapter 11 bankruptcy, high vacancy and significant distress, we navigated...
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Carney Pledges More Domestic Procurements Following U.S. Tariff Increase
Prime Minister Mark Carney has pledged a renewed focus on domestic procurement and industrial investment in response to the U.S. President Donald Trump’s decision to raise tariffs on certain Canadian exports to 35%. The hikes came after Friday’s deadline for a new Canada-U.S. trade deal passed without a new deal getting done. The hikes include...
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Rise48 Equity Acquires Garland Value-Add Property
Rise48 Equity expanded its Dallas portfolio with the acquisition of a 248-unit multifamily community located in Garland, TX. Formerly known as Shiloh Oaks Apartments, the property will be rebranded as Rise Apollo Heights. Built in 1983, Rise48 Equity acquired the property completely off market at a 30%+ discount from peak valuations just 18–36 months prior. ...
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NORR-designed Large Philly Office Conversion Nearly Complete
A large office-to-residential conversion project in Philadelphia designed by NORR Architects is getting ready to open its doors to residents. “It’s nearly complete,” George Sorich, Toronto-based NORR’s vice-president of residential, told Connect. Occupancy is expected to begin this month. Dubbed 17 Market West, the conversion project is located at 1701 Market Street in the Center...
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Massive $880M Miami Affordable Housing Development On Way
The HueHub will span approximately 12 acres and feature seven 35-story towers with 4,032 residential units. The community, located at 8395 NW 27th Avenue, will also include nearly 200,000 square feet of interior amenities and a two-acre park. The price tag is expected to be about $880 million. Due to the size of the project,...
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GPI To Build 890 Residential Units in Tampa Bay
GPI Real Estate utilized a $5.5 million acquisition loan to purchase three contiguous parcels totaling 150.7 acres at 9247 Kenton Road in the Wesley Chapel suburb of Tampa Bay, Florida. GPI acquired the site from LV Wesley for $5 million. Camilo Niño, Ricardo Uribe, and Alen Hernandez of Linkvest Capital facilitated the loan. The site...
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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