News
WNC Closes on 23rd California-Focused Affordable Housing Fund
WNC & Associates, Inc. has closed on WNC Institutional Tax Credit Fund X California Series 23, L.P. The $66.3-million fund is the company’s 23rd consecutive California-focused multi-investor affordable housing fund for institutional investors. CA23 includes six new-construction affordable housing properties totaling 650 homes across Los Angeles, San Benito and San Diego counties, Financing from the fund...
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Berkadia Secures $12M in LIHTC Equity for Michigan Housing Property
Berkadia secured financing for Lighthouse Ridge Apartments, a 52-unit garden-style multifamily property in South Haven, Michigan. Associate Director James Grande of Berkadia Affordable Housing led the Berkadia team in securing $12.4 million in LIHTC equity on behalf of the developer, Wallick Development, in partnership with Bogan Developments and Mno-Bmadsen. The deal marks Berkadia’s first closing...
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GAIA Lands One-Year Extension on Williamsburg Multifamily Loan
GAIA Real Estate has secured an additional one-year extension of its $48-million loan with Raymond James Bank for 55 Hope, a 117-unit multifamily property in Williamsburg, Brooklyn. The extension pushes the loan’s maturity to August 2027. “We are pleased to continue our partnership with Raymond James at 55 Hope,” said Danny Fishman, CEO and co-founder, GAIA Real Estate....
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Marcus & Millichap Closes Sale of Bay Area Assisted Living
Marcus & Millichap recently closed the sale of Mission Villas, a 34-unit assisted living property with more than 50 beds in Daly City. The property sold for $10.65 million, or $313,235 per unit. “Investor demand for well-located senior housing communities continues to strengthen as the sector benefits from favorable demographic trends and limited new development,” said Nick Stahler, managing director investments. “This transaction generated multiple...
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One Of Kelowna’s Last Major Waterfront Development Sites Sells
One of Kelowna’s last large-scale waterfront redevelopment sites has changed hands following a court-ordered sale tied to Vancouver developer Minglian Group. The 1.295-acre property at 3854 and 3858 Truswell Rd. sold for $8.5 million, according to Kelowna-based real estate appraisal and consulting firm NCA Commercial. Colliers had marketed the site for $9.98 million. The purchaser...
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New Empire Lines Up Three Manhattan Development Sites
New Empire Group, a New York-based development and construction management group, has expanded its real estate development portfolio with three recent Manhattan acquisitions totaling more than $122 million. Together, the three development sites will bring more than 500 new residential units to the market. The $51-million acquisition of 4 W. 43rd St., which will support 286 residential...
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Westerkirk’s 6,420-Unit Oakville Plan Heads To Public Meeting
Westerkirk Capital’s plan to build a 6,420-unit community in north Oakville will face its first statutory public meeting Tuesday night as the investment firm seeks major planning approvals for a nearly 50-acre site. The proposal for 340 Burnhamthorpe Rd. E. and 3437 Trafalgar Rd., at the southeast corner of Burnhamthorpe and Trafalgar roads, calls for...
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Oxbow Greenlit for Tobin Hill Apartments, Office Space
A San Antonio planning board has given the go-ahead for an office-and-residential project in Tobin Hill. Oxbow hopes to build 86 apartments and 140,000 square feet of office space at 111 Isleta. The San Antonio Business Journal reports that a third component will be the construction of 10 planned retail buildings on Pearl’s campus. Oxbow expects to...
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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