News
1st Time Investor Picks Up San Antonio Rental Community
Platte Canyon Capital (“PCC”), a newly formed multifamily investment firm, closed its first acquisition with the off-market purchase of Allure Apartments, a 268-unit community in San Antonio, TX. PCC will spend $4.7 million on a capital improvement program. The property was last renovated in 2017. Located at 7770 Pipers Lane, Allure Apartments features a hybrid vintage...
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Denver Developer Converting Office Property to 368-Unit Apartment Units
The Garret Cos. is looking to turn a vacant 130,000-square-foot office building south of Denver into apartment units. The building, next to a Top Golf, will be demolished to make way for the apartments. The 18.9-acre site in Centennial would be converted into 368 multifamily units. The Denver Business Journal reports that the company’s Havana...
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Iconic San Antonio Highrise Slated for Apartments
The famous Nix building will soon take on a new look, this time as a combination restaurant/apartment building. The San Antonio Business Journal reports Innjoy Hospitality is looking to convert the building into a multifamily development with 329 apartments and a ground-floor food and beverage component. XA Collective Architecture + Planning and HM3 Engineering and...
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Atlanta Developer Moving Ahead on $600M Apartment Project
Invest Atlanta provided a $5 million acquisition loan for Mural Real Estate Partners’ upcoming purchase of roughly 26 acres near Greenbriar Mall. The Atlanta Business Chronicle reports that the developer plans to build 1,069 residential units and nearly 250,000 square feet of retail space on the property. The developer said it would restrict 15% of...
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Developers of Noteworthy Florida Projects Join Forces
Hunt Companies acquired a majority stake in Carter. The two have worked on significant Florida projects together. Hunt and Carter most recently delivered the Prospect Lake Wire project, a mixed-use development in Lakeland, FL, and previously The DeSOTA, a luxury apartment community (photo) in Sarasota, FL. With this change, Bob Peterson, long-time CEO and Chairman...
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Renowned S. Florida Developer, Donald Soffer, Passes Away at 92
Donald M. Soffer, the visionary behind the town of Aventura, died at his home in Aventura, Florida, at the age of 92. His development company, Turnberry Associates, played a role in shaping Pittsburgh’s postwar landscape, with early developments such as South Hills Village and One Oxford Centre. Among his most notable early achievements was the...
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Canadian Average Home Price Slides to Four-Year Low; CREA Reduces 2025 and 2026 Forecasts
Canadian home prices continued their slide in June, falling to the lowest level since April 2021, Better Dwelling reported. The report cited figures from the Canadian Real Estate Association (CREA), which showed that the composite benchmark price dropped 0.2% month-over-month to $698,600—down 3.6%, or $25,600, from the same time in 2024. Better Dwelling reported that,...
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Boardwalk Swings Deals in Regina, Saskatoon and Edmonton
Boardwalk REIT has announced a series of transactions covering rental-housing assets in Saskatchewan and Alberta. Calgary-based Boardwalk is acquiring a portfolio of 235 suites in Saskatchewan for $71.1 million and finalizing the sale of an Edmonton apartment asset for about $28.8 million, as part of its capital-upcycling strategy. In Saskatchewan, Boardwalk is acquiring three recently...
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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