News
CBRE Completes Sale of Luxury Minneapolis Multifamily Property
CBRE has arranged the sale of 365 Nicollet, a 30-story, 370-unit luxury multifamily property in Minneapolis’ Gateway District neighborhood. A joint venture between Corebridge Real Estate Investors and Opus Development Company sold the property to Waterton. A sale price was not disclosed. CBRE’s Ted Abramson, Abe Appert, and Keith Collins represented the venture in the...
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3,000 Apartments Proposed for Site of Former Flushing Airport
New York City Mayor Eric Adams on Monday unveiled a proposal to build approximately 3,000 homes and 60 acres of public space on the site of the former Flushing Airport in College Point, Queens. The development will be led by Cirrus Workforce Housing and LCOR Incorporated, with construction expected to begin in 2028. After Adams issued...
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Apartment Complex Near Portland Sells for $28M
Axletree Apartments, a 110-unit apartment complex at 11125 S.E. 21st Ave. in Milwaukie, Oregon, was sold for $28 million to an undisclosed buyer. CBRE’s Josh McDonald and Joe Nydahl represented the seller in the transaction. The apartments were developed by Portland-based Guardian Real Estate Services in 2019, reported the Portland Business Journal. The five-story mixed-use...
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Canyon Partners Real Estate Provides Financing for The Saint Grand in Chicago
Canyon Partners Real Estate has provided a $106.3 million senior loan to a joint venture controlled by Mavrek Development to refinance The Saint Grand, a multifamily property in Chicago’s Streeterville neighborhood. The transaction was facilitated by JLL. The Saint Grand is a newly built, 21-story mixed-use tower featuring 248 market-rate apartment units, a 103-stall parking...
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Safehold Closes on Ground Lease for Mission Valley LIHTC Project
Safehold Inc., a publicly traded ground lease REIT headquartered in New York City, has closed on a ground lease for the development of an affordable housing community in the Mission Valley area of San Diego. The Low-Income Housing Tax Credit (LIHTC) development will provide 227 total units upon delivery in 2028. The project will be developed by The Pacific Companies, a...
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Penzance Wins Approval for NoVA Multifamily Project
Penzance has received approval from Arlington County for the proposed redevelopment of Ballston One at 4601 N. Fairfax Drive. The approved plan will convert the existing office building into a new residential community. The new project will deliver 328 multifamily units in a 7-story building, ranging from studios to two-bedroom plus dens, as well as...
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Gowanus Residential Development Nabs $340M Refinance
Affinius Capital LLC closed on a $340-million loan to refinance 313 Bond, a Class A, 603-unit, two-building multifamily project with 51,600 square feet of retail space located in Brooklyn’s Gowanus neighborhood. The loan to New York-based developer Sky Equity Group will be used to complete the remaining construction and to stabilize the property. Henry Bodek of...
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Brookfield Asset Management, Birch Hill to Acquire First National in $2.9B Deal
Brookfield Asset Management and Birch Hill Equity Partners have agreed to acquire a majority stake (62%) in First National Financial in a transaction with an equity value of $2.9 billion. The private-equity firms will pay $48 per share in cash, representing a 15% premium to the mortgage provider’s 30-day average share price. The proposed transaction...
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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