News
Lenders Seek to Put 60-Storey Curv Project in Receivership
Vancouver’s 60-storey Curv luxury multi-residential project is facing receivership. The project’s fate could be determined in coming days a court hearing is set for July 25. A lender group led by the Royal Bank of Canada has formally asked the court to declare the project at 1075 Nelson Street insolvent after a $90-million mortgage was...
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Housing Starts Jump 14% in Canada’s Largest Markets
Housing starts in Canada’s largest markets jumped 14% year-over-year as multi-unit projects drove activity, says a new Canada Mortgage and Housing Corporation report. Vancouver led the way with a whopping 74% increase to 23,282 from June 2024, while Montreal saw an 8% year-over-year increase. But Toronto saw a 40% drop from a year earlier. On a...
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Skender Breaks Ground on Native American-Focused Housing Project
Skender recently broke ground on Jigzibik, a seven-story, 62,000-square-foot mixed-use development that marks Chicago’s first affordable housing project centered on serving Native American communities. Mayor Brandon Johnson joined with city official and the project team to celebrate the groundbreaking of the development located at 2907 W. Irving Park Road in the Irving Park neighborhood. The...
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Veris Divests Morris Plains Apartments for $85M
Jeffrey Dunne, Stuart MacKenzie, Eric Apfel and Travis Langer of CBRE Institutional Properties, in partnership with Roland Merchant and Tom Pryor of CBRE’s Investment Banking team, recently closed the sale of Signature Place, a Class A multifamily community in Morris Plains, NJ. CBRE advised owner Veris Residential on the $85-million sale. Built in 2018, Signature...
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Affordable Rentals Break Ground on Martha’s Vineyard
Ground has been broken for Tackenash Knoll in Oak Bluffs on Martha’s Vineyard, which will deliver 60 new affordable and workforce rental homes. The project is being developed through a partnership between Island Housing Trust (IHT) and Affirmative Investments, Inc. Committed funding for the new housing community includes approximately $11 million in permanent and workforce housing financing from MassHousing,...
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Kiser Lists 73-Unit Multifamily Portfolio in Milwaukee
Kiser Group announced the exclusive listing of a 73-unit mixed-use multifamily portfolio in Milwaukee’s Near West Side. Kiser brokers Luis Robles, Kyle Sissell, Will Cornish, and Hunter Wern have listed the portfolio, which currently maintains an approximate occupancy of 95%, for $8.4 million. The portfolio includes a mix of apartment buildings, a single-family home, and...
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Essex Completes Sale of West Chatham Multifamily Portfolio
Essex Realty Group has completed the sale of a three-building, 55-unit portfolio in Chicago’s West Chatham neighborhood. The buildings are located at 7909 S. Normal Ave., 441 W. 79th St., and 445 W. 79th St. Essex Director Joe Kahlhammer facilitated the transaction. The buildings have a combined unit mix of six studios, 26 one-bedroom, 12...
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M&T RCC Provides $21M Bridge Loan for DC Student Housing
M&T Realty Capital Corporation announced the closing of a $21 million bridge loan for The Lanes at Union Market, a 110-unit property in Washington, D.C. The Lanes at Union Market, built in 2022, was acquired by HH Fund at a foreclosure auction in July 2024. The borrower worked with local universities to repurpose the building...
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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