News
Capital Square to Launch 320-Unit Glendale BTR Venture
Capital Square has raised $43 million in equity from investors in a private placement, enough to get started on a 320-unit build-to-rent community in Glendale, Arizona. Capital Square has partnered with Sunstone Two Tree as co-developer of the project, which will become Ironwood Homes at The Rosefield upon completion. Located at the southeast corner of...
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Developer Team Delivers Two DFW BTR Communities
Legacy Partners and The Resmark Companies started leasing for two single-family build-to-rent communities in two northern Dallas suburbs: Harlow, comprising 133 homes in the Collin County city of Melissa, and Adair, featuring 134 homes in the Denton County city of Aubrey. Legacy’s Matt Brendel added, “While we historically have developed multifamily properties, we made the decision...
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Deven Group Starts Work on 631-Bed UCF Student Housing Project
Development Ventures Group (Deven Group) has broken ground on a 177-unit, 631-bed student housing development half a mile from the University of Central Florida campus in Orlando. The five-story, 304,969-square-foot project is estimated to cost $94.9 million. Deven Group’s partners include PLT America as a limited partner and Sumitomo Mitsui Trust Bank as a lender....
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Calgary Office Vacancy Continues to Rise Despite Conversions
Calgary’s office vacancy rate rose 50 basis points to 30.7% in the second quarter, despite the city’s highly praised effort to incentivize office-to-residential conversions, according to a CBRE report. The rise also contrasted with strong oil prices that have not led to lease increases as they once did. According to the report, the increase is...
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Red Oak Capital Provides Bridge Loan for Historic DC Multifamily Property
Red Oak Capital Holdings, LLC has provided a $3.8 million bridge loan for the acquisition and renovation of The Wiltshire Apartments, a 17-unit multifamily community located on East Capitol Street NE in Washington, D.C. Structured under Red Oak’s Opportunistic Bridge Loan Program, the non-recourse, interest-only financing included $3.10 million for acquisition and $500,000 for capital...
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SVN Chicago Closes Sale of Ukrainian Village Mixed-Use Building
SVN Chicago Commercial has completed the sale of a fully rehabbed mixed-use corner property at 1859 W Chicago Avenue in Chicago’s Ukrainian Village neighborhood. The 9,267-square-foot building sold for $2.74 million. Lead brokers Drew Dillon and Scott Maesel of SVN Chicago Commercial, who represented both sides, were the only brokers involved in the transaction.“This is...
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Jonathan Rose Pays $83M for Tustin Senior Living
Northmarq’s Los Angeles and Newport Beach investment sales teams, led by Jim Fisher, Vince Norris, Mike Smith and Tommy Yates, arranged the $83-million sale of Coventry Court, a 240-unit mixed-income senior apartment community in Tustin. Northmarq represented the seller, Los Angeles-based Meta Housing Corp. The buyer was Jonathan Rose Companies. Completed in 2012, Coventry Court offers a blend of market-rate...
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Eastern Union Secures $39M to Refinance Michigan MF
Eastern Union has arranged a $38.5-million loan to refinance Warren Manor Apartments, a 479-unit multifamily property at 21516 Dequindre Road in Warren, Michigan, situated 18 miles north of Detroit. The mortgage on the property, which encompasses a net rentable area of 388,675 square feet on a 30.72-acre parcel of land, was secured by senior loan...
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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