News
Generation Housing Buys Dallas Church Property, Apartments on Way
Generation Housing Partners purchased an a 6.5-acre tract of land located at 4710 W. Illinois Avenue at Knoxville Street, directly across from the Dallas College Mountain View campus. The land, occupied by a church, now slated for relocation at the time of the sale, will be the site of a new 200-unit Class A mixed-income...
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Hotel-to-Multifamily Conversion Trades in Charlotte
Vertex acquired Flats at 87Ten, a hotel-to-multifamily conversion at 8710 Research Drive in Charlotte, from Lucern Capital for $9.7 million. Originally constructed in 2000 as a TownePlace Suites extended-stay hotel, the property was fully redeveloped (by Lucern) in 2023 into a 96-unit boutique-style luxury apartment community near the UNC Charlotte campus. The conversion included interior...
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Investor Team Scores $56M Refi on Wynwood Apartment Community
An LD&D-led team obtained a $56 million loan to recapitalize Wynwood Haus, a newly built 224-unit multifamily community with ground-floor retail located at the entrance to Miami’s Wynwood neighborhood. Fannie Mae provided the seven-year, fixed-rate loan with full-term interest-only. The property was 94% occupied, and the deal closed on July 21. Completed in 2024 at...
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SVN Chicago Closes 100-Unit MF Portfolio Sale in DeKalb
SVN Chicago Commercial has brokered the sale of a 100-unit multifamily portfolio in DeKalb, Illinois. The portfolio, comprised of seven buildings across multiple addresses, was sold for $5.7 million. The assets include 875 & 887 Fotis Drive, 945 & 871 Regent Drive, 846 & 857 Spiros Court. It also included a property at 830 Edgebrook...
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Vertical Construction Launches on Upper East Side Condos
Legion Investment Group and Nahla Capital said Thursday that vertical construction is underway at 1122 Madison Ave., a new condominium development on Manhattan’s Upper East Side. Designed by Studio Sofield, the 22-story residential building rises a block from Central Park and The Metropolitan Museum of Art, and near the many other renowned cultural institutions that line Museum Mile. “The...
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Mixed-Use Along Gowanus Canal Secures $123M Financing
JLL Capital Markets arranged $123 million in construction financing for 450 Union St., a planned 158-unit mixed-use development to be built along the Gowanus Canal in Brooklyn. A JLL team led by senior managing directors Christopher Peck and Peter Rotchford, senior director Nicco Lupo, managing director Winfield Clifford and VP Jonathan Faxon represented the borrowers,...
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CBRE Arranges Recapitalization of Burien Apartments
CBRE facilitated the recapitalization of The Maverick, a 229-unit multifamily community in Burien, and brought in a new joint venture equity partner, Stockbridge Capital Group, LLC. CBRE’s Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper represented the owner, Pillar Properties. “The recapitalization of Maverick Apartments represented a rare equity partnership opportunity on an irreplaceable...
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Silver Property Group Acquires $45M Chicago MF Portfolio
Silver Property Group has acquired a 263-unit multifamily portfolio in East Rogers Park for $45 million. The portfolio was previously owned and maintained by TAWANI Property Management. Brian Semel and Connor Loughlin of 95 Realty brokered the transaction. Financing was provided by JPMorgan Chase’s Matthew Cohen and Jose de la Garza. “These buildings are irreplaceable...
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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