News
Woodfield Inks Refi of Charleston Rental Community
PCCP has provided a $62 million senior loan to Woodfield Development, for the refinance of The Radler, a 324-unit, Class A, garden-style multifamily community located at 1100 Warburton Road in Summerville, SC in Downtown Nexton. A mixed-use community is approximately 25 miles north of Downtown Charleston. Situated on approximately 11.4 acres, The Radler consists of studio, one-,...
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S. Florida Apartment Builder Blends Site-Built with Modular Construction
Resia finished the 420-unit Resia Golden Glades at 550 N.W. 161st St. in Biscayne Gardens, utilizing a combination of modular bathrooms and kitchens with standard site-built construction. The South Florida Business Journal reports that the company’s manufacturing facility in Georgia created the bathrooms and kitchens with electrical and plumbing. They were trucked down and installed...
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GTA New-home Sales Plummet 60% Amid High Building Costs, Economic Uncertainty
New home sales in the Greater Toronto Area dropped a staggering 60% year-over-year in June, says a new Altus Group report commissioned by BILD. The Toronto Star reported on the Altus report’s details. Only 510 new homes were sold in June—well below the 10-year average of 2,801. New-build condominium sales nosedived 67% year-over-year, and 89%...
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Another BoC Rate Hold Appears Likely
The Bank of Canada is expected to hold its key overnight lending rate at 2.75% again this week. The BoC will announce its decision as a deadline for a new Canada-U.S. trade deal looms. Prime Minister Mark Carney said Monday that negotiations with U.S. President Donald Trump’s administration have entered “an intense phase” after the...
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Ariel Closes Sale of Prospect Lefferts Gardens Parcel
Ariel Property Advisors closed the $20-million sale of a large development site at 224-240 Clarkson Ave. in the Prospect Lefferts Gardens neighborhood of Brooklyn. An Ariel team of Sean R. Kelly, Shimon Shkury and Lawrence Sarn represented the seller, Albert Rabizadeh. The site offers up to 150,300 buildable square feet through the City of Yes Universal Affordability Preference program...
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Waterton Acquires 522-Unit Warner Center Apartments
Chicago-based real estate investor and operator Waterton has acquired the AMLI Warner Center apartments, a 522-unit wrap-style community in Woodland Hills. The gated community, located at 21200 Kittridge St. in the San Fernando Valley, will be rebranded as The Kitt at Warner Center. Built in 2007, the complex is well-suited for Waterton’s value-add program, thanks to...
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Pennrose Breaks Ground on Affordable Seniors Redevelopment in New Brunswick
Pennrose, the New Brunswick Housing and Redevelopment Authority (NBHA) and project partners broke ground on Hildebrand Commons, the transformation of the former Hoffman Pavilion public housing site into a 66-unit affordable housing community for older adults (55+) in New Brunswick, NJ. Move-ins are anticipated for Fall 2026. The six-story building will include one- and two-bedroom...
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Ownership Family Divests Value-Add Holbrook Apartments
Marcus & Millichap arranged the sale of Johns Avenue Apartments, a 34-unit apartment building in Holbrook, MA, for $7 million. Senior managing directors Tony Pepdjonovic and Evan Griffith represented the seller and procured the buyer. “There is a significant lack of multifamily inventory south of Boston, particularly in the 12- to 75-unit space, which continues...
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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