News
Berkadia Goes Behind the Deals in New Podcast Series
Berkadia has launched a podcast series titled “Inside the Deal, a CRE Podcast by Berkadia®,” which dives into the captivating stories of commercial real estate triumphs, exploring the situations, challenges, solutions, and outcomes achieved. In the inaugural episode, Berkadia’s EVP – Head of Production Ernie Katai is joined by Senior Managing Director Tucker Knight and...
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Lowe Adds Apartments in San Diego’s Ballpark District at Below Replacement Cost
Los Angeles-based Lowe, a national real estate investment, development and management firm, has acquired Tenth & G Apartments, a 207-unit multifamily community located at 707 Tenth Ave. in downtown San Diego’s Ballpark District. The property sold for $71 million or about $343,000 per unit, well below replacement cost. “Lowe has a national strategic focus to acquire...
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JV Secures Takeout Loan for First Project of 2021 Gowanus Rezoning
The Domain Companies said Wednesday it closed on a $205-million refinancing for 420 Carroll, the first project completed under the 2021 Gowanus rezoning aimed at adding hundreds of new apartments to the Brooklyn neighborhood. A JLL partnership including senior managing directors Christopher Peck and Peter Rotchford and senior director Nicco Lupo arranged the bridge take-out loan on...
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Texas Leads Nation in Corralling Outbound Californians
Nearly 100,000 Californians relocated to Texas in just one year, enough to fill a city like College Station annually. That’s according to the latest StorageCafe research report, which analyzes U.S. migration trends. California continues to lead the nation in outbound migration, with 683,000 residents leaving in a single year. Texas welcomed the largest share, accounting for 16% of...
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Bank of Canada Holds Key Interest Rate at 2.75% Again
The Bank of Canada held its overnight lending rate at 2.75% for the third-consecutive period on Wednesday due to uncertainty surrounding U.S. tariffs, while suggesting that cuts are possible later this year. BoC Governor Tiff Macklem said the central bank could cut rates if the tariffs’ effects warrant a reduction. Meanwhile, the U.S. Federal Reserve...
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Delray Beach Developer Avoids Hearing By Building Affordable Units
Kolter Group is taking advantage of a Florida law that allows developers to build affordable housing on land with industrial zoning without a public hearing. The Delray Beach project is slated to take up 12.3 acres at 2101 S. Congress Ave. The South Florida Business Journal reports that the company bought the site for $21.9...
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Carter, Front Street Building Wake Forest Student Housing
Carter and Front Street Capital have broken ground on Creekside at The Grounds — a new student apartment community and the first vertical development within the mixed-use district known as The Grounds. Located within the 100-acre development overlooking the newly restored Silas Creek, Creekside at The Grounds is part of Winston-Salem’s sports and entertainment district,...
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Concord Acquires 1920s-Vintage LA Apartment Portfolio
Concord Capital Partners has acquired a 537-unit, five-property multifamily portfolio in Los Angeles from two separate sellers for $79 million. The 1920s-vintage properties in Koreatown and Hollywood were acquired with a $60.5-million senior loan provided by Arbor, supplemented by approximately $30 million in equity. The properties include: The Fontenoy: a 51-unit community located at 1811 Whitley...
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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