News
Los Feliz Apartments Trade Off-Market After 75+ Years of Family Ownership
Kidder Mathews arranged the off-market sale of two multifamily properties in Los Angeles’ Los Feliz neighborhood, located at 2028–2030 Rodney Dr. and 2040 Rodney Dr. Although sold separately to different buyers for a total of $9,225,000, both transactions were negotiated on behalf of the same longtime family owner, marking the end of more than 75...
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PGIM Real Estate Provides $132M Refi on Fenway High-Rise
PGIM Real Estate has provided $132 million in floating-rate financing through its core strategy to The Abbey Group to refinance the Viridian, a 342-unit Class A multifamily high rise at 1282 Boylston St. in Boston’s Fenway neighborhood. Amy Lousararian, managing director at JLL Capital Markets, arranged the financing. “We’re excited to provide the financing to The Abbey Group...
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BSD, TPG Angelo Gordon Partner on Tribeca Residential Redevelopment
A partnership of Broad Street Development (BSD) and TPG Angelo Gordon has acquired 139 Franklin St., a 10-story, 56,384-square-foot self-storage facility located in Tribeca. The venture will redevelop 139 Franklin into a boutique, luxury residential condominium within the original building envelope. JLL Capital Markets’ Brendan Maddigan, Andrew Scandalios, Ethan Stanton, Hall Oster, Michael Mazzara and Vickram...
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ACRE Closes Second Credit Fund at $1B
ACRE, a private real estate fund manager focused on U.S. housing, has closed ACRE Credit Fund II with $1 billion in capital commitments. The fully subscribed fund marks ACRE’s sixth discretionary vehicle and second dedicated credit fund. “The success of Credit Fund II is a strong endorsement of our firm, track record and the opportunity...
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McKinney Breaks Ground on Commercial Passenger Terminal
Contractors broke ground on McKinney National Airport’s commercial passenger service terminal. The 46,600-square-foot terminal is expected to open in 2026. The town still needs to secure a commercial carrier for the new terminal. Community Impact reports the facility will include four gates, with the option to expand to six gates in the future. Initially, the...
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Bradford Buys Dated Dallas Office Asset, Planning $10M Makeover
Bradford Cos picked up a dated Uptown Dallas office building built in 1982 and not renovated since 1994. The 254,000-square-foot building at 4144 N Central Expressway was 50% leased. The previous owners, Pillarstone Capital REIT and Whitestone REIT, had filed for bankruptcy to avoid foreclosure. Weitzman represented the seller. The Dallas Business Journal reports that...
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Portman Strays From Urban Core with Latest Suburban Atlanta Project
Portman closed on the land to develop Meadow Glen Village, a 332-unit mid-rise multifamily community with retail and greenspace in Fairburn, Georgia. Portman will break ground on Meadow Glen Village this month and expects to deliver the project in June 2027. Portman, known for its infill projects in urban markets, is changing course for this...
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Atlas Picks Up 384-Unit Orlando Rental Community
Atlas Real Estate Partners acquired Perse Apartments, a 384-unit community in Orlando. Trion Properties was the seller. Multihousing News reports that four years previously, Trion purchased the property from Fifteen Group for $107.8 million. Pacific Coast Capital Partners issued a $68 million acquisition loan for that transaction. Perse Apartments opened its doors in 2008 at...
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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