News
Kayne Anderson JV Buys Michigan Avenue Residential Tower
A joint venture between Kayne Anderson Real Estate and CEDARst Companies has acquired Millie on Michigan, a newly built 47-story luxury residential tower in Chicago’s Loop. 300 N Michigan Avenue was completed in 2022 and includes 289 luxury apartments and 25,000 square feet of retail space. Amenities include a rooftop pool and lounge, coworking spaces,...
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Marcus & Millichap Arranges Sale of Indiana Multifamily Portfolio
Marcus & Millichap completed the sale of a 49-unit multifamily property in Muncie, Indiana, for $3.7 million. “The buyer was motivated to acquire this asset as part of a strategic effort to expand their Muncie portfolio and achieve greater operational efficiencies through added scale in the market,” said Aaron Kuroiwa, senior managing director investments. “The...
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Barings Divests Midtown West Rentals for $244M
JLL closed on the $243.5-million sale of Riverbank, a 44-story recently renovated rental property located at 560 W. 43rd St. in Manhattan’s Midtown West submarket. Senior managing directors Jeffrey Julien, Rob Hinckley and Andrew Scandalios, managing director Steven Rutman and VP Devon Warren represented the seller, Barings, and procured the buyer, an institutional investor that...
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Canadian Multi-Family Vacancy Reaches Five-Year High
Canada’s multi-family real estate vacancy hit a five-year high in the second quarter, rising to 4.1%, says a new Yardi report. The market continues to show signs of deceleration as weakening demand, slowing rent growth, rising vacancy rates and, now, average length of stay in nearly every province take their toll. But the market’s metrics...
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GO Residential REIT’s IPO Valued at US$410M
GO Residential REIT has gone public in Toronto with an IPO valued at US$410.1 million. The deal ranks as one of the largest-ever real estate IPOs in Canada, according to The Globe and Mail. Other reports stated that the IPO was heavily oversubscribed. The units were priced at US$15 each on the Toronto Stock Exchange....
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Denver Apartment Vacancy Numbers Take Positive Swing
The number of renters leasing Denver apartments is on the upswing. Vacancy rates are at 6.4%, a welcome sight for apartment investors and owners after suffering through record highs last quarter. These numbers are down from 7% of area apartments sitting empty in the first quarter of 2025. The Denver Business Journal reports that rent,...
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Cleburne Apartments Added to Mixed-Use Project
Founders Development Company is developing the RailRoad Lofts in Cleburne. The project is part of the master plan for the Railhead Addition. Approximately, $57 million will be funded through a 40-year fixed-rate HUD loan, with the remaining $13 million open to private investors as limited partners. It’s located adjacent to La Moderna Field, the baseball stadium home of...
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RPM Acquires 341-Unit San Antonio Rental Community
PCCP has provided a $42 million senior loan to RPM Living Investments for the acquisition of Heritage Plaza, a 341-unit, Class A apartment community located at 227 Dwyer Avenue in downtown San Antonio, TX. Built in 2020, the property features modern finishes and amenities and is one block from the San Antonio River Walk. The...
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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