News
Market-Rate Hauppauge Apartments Refinanced for $63M
JLL Capital Markets completed the $62.5-million refinancing of Carlow Wind Watch, a newly constructed luxury multifamily property located at 1721 Motor Pkwy. in the Long Island hamlet of Hauppauge, NY. A JLL Capital Markets team led by senior managing director Aaron Niedermayer and senior director Robert Tonnessen worked on behalf of the borrower, Southern Land...
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JV Recapitalizes Student Housing at University of Kansas
Vesper Holdings and funds managed by affiliates of Fortress Investment Group have recapitalized Hawks Pointe, a student housing community located within walking distance of the University of Kansas. Hawks Pointe is a 248-unit, 463-bed student housing community that features a mix of studio, garden-style, loft, and townhouse apartments. Amenities include a resort-style swimming pool and...
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Greystone Capital, Black Bear Asset Management Plan Lehigh Valley Residential Project
A joint venture between Greystone Capital and Black Bear Asset Management (BBAM) is in the market for a $75 million construction loan. The loan will be used to retire the existing debt and fund the development of a large-scale multifamily project in Pennsylvania’s Lehigh Valley. Black Bear Capital Partners (BBCP), a subsidiary of BBAM, is...
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Kennedy Wilson Closes on $183M Loan for Multifamily Near Oyster Point
Kennedy Wilson has closed a $183-million senior construction loan for Alexan Icon, a 480-unit, two-building multifamily development in South San Francisco. The loan was provided to a joint venture of repeat Kennedy Wilson sponsors. Positioned on two sites at 1587 and 1588 San Mateo Ave., Alexan Icon will include two seven-story podium buildings with a mix of studio, one-,...
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First Nations Bank of Canada Financing Whistler Development
The First Nations Bank of Canada is financing an Indigenous-led mixed-use development project in Whistler, B.C. The Lil’wat Business Group’s Tseqwtsúqum (pronounced Chek-choo-koom) project is located in the resort community’s Function Junction area. The development combines conventional commercial spaces and workforce housing. FNBC is providing the financing under a partnership with the Canadian Infrastructure Bank’s...
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Pennrose Cuts Ribbon on Mixed-Income Housing in Wareham
Pennrose, the Wareham Redevelopment Authority (WRA), and project partners held the grand opening of Swifts Landing, a new affordable and workforce housing community located at 23 Littleton Cir. in Wareham, MA. The development transforms a vacant 16-acre site into a 93-unit, mixed-income community. “By transforming a once-vacant parcel into a vibrant, welcoming community for families...
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CBRE Facilitates $25M Sale of Apartments in Spokane Valley
CBRE arranged the $25.5 million sale of Village on Broadway, a 148-unit multifamily community in Spokane Valley, Washington. CBRE’s Josh McDonald, Joe Nydahl and Jordan Louie represented the seller. “Village on Broadway presented a rare opportunity to acquire a well-located, stabilized asset with significant value-add potential in a high-demand submarket. With strong regional fundamentals, proximity...
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Desjardins’ Amplifier Fund to Support Quebec Eco-Friendly Non-Profit Housing
Desjardins Group has launched the Amplifier fund, a $50-million initiative aimed at accelerating the development of sustainable, affordable housing across Quebec. The fund will support non-profit organizations and co-operatives with projects that exceed energy efficiency requirements, fully exclude fossil fuels, and meet the affordability standards set by the Quebec Affordable Housing Program. Funded by Desjardins...
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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