News
Bed-Stuy Development Site Trades for $11M
Cushman and Wakefield closed the sale of a prominent Brooklyn development site located at 703 Myrtle Ave. in Bedford-Stuyvesant for $10,800,000. The site was acquired by Abie Weiss, who plans to develop a mix of condo and rental units on the site. Cushman & Wakefield’s Dylan Walsh, Jonathan Squires, Nick Kolbus, and Tyler Morss led...
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Eastern Union Secures Refi on Manchester Mixed-Use Project
Eastern Union, one of the largest commercial real estate mortgage brokerages in the U.S., arranged an $18.5-million loan to refinance construction of a 77-unit, multifamily, mixed-use development in Manchester, NH. The 12-month mortgage was secured by loan consultant Yossi Rubin and loan originator Chaskel Horowitz. The refinancing on behalf of Velocity Capital Partners and Avatar Construction...
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Red Oak Capital Holdings Provides Acquisition Financing for Norfolk MF
Red Oak Capital Holdings, LLC has provided $1.5 million for the acquisition and repositioning of 32 Fenner Apartments, a 32-unit garden-style community located in Norfolk, Virginia. Previously used for government housing, the vacant property consists of 32 one- and two-bedroom units contained in three two-story buildings located at 7428 Tidewater Drive. The borrower, Community Investment...
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Greystone Arranges $44M Debt Placement for Oregon Senior Housing
Greystone has arranged a $43.5 million debt placement to refinance a Class A independent living community in Oregon. The financing was sourced by David Young, Managing Director. The 142-unit property is a recently built and stabilized independent living community featuring upscale amenities tailored for senior residents. The debt placement, with a regional bank, includes a...
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City Realty Seeks to Build Residential on Site of Brookline Office Park
City Realty Group has filed applications for Project Eligibility Letters from the Massachusetts Housing Finance Agency for its property at 1280-1330 Boylston St. in Brookline, MA. The 5.34-acre site is currently home to the Chestnut Hill Office Park, comprising four mostly vacant buildings dating from the mid-1960s. The developer seeks to rezone it for residential via the...
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Chartwell Investing $284.5M in Seniors Home Acquisition, Expansion Projects
Chartwell Retirement Residences is expanding its footprint in Quebec with a $284.5-million total investment that includes the acquisition of a major seniors home in Montreal and two development projects in the city’s Vaudreuil-Dorion borough and Terrebonne, Que., suburb. The company has agreed to acquire Les Tours Angrignon in LaSalle for $88.5 million. The three-tower residence...
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Richmond Centre Condo Complex Receives 1,212 EV Chargers
Richmond Centre’s backers and partners have delivered the largest multi-residential EV-charging project in Canada by installing 1,212 Elocity smart chargers in its parkade — an area the size of six football fields. The 1,212 EV chargers are included a multi-residential complex surrounding Cadillac Fairview’s Richmond Centre mall in Richmond, B.C., which is undergoing a major...
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Mixed-Use Parcel Trades Near The Las Vegas Strip
HMV Group has sold a 10-acre parcel in the Chinatown District, not far from the Las Vegas Strip, for $24.2 million. The buyer, the Fore Company, secured entitlements for 380 residential units and 30,000 square feet of commercial space that will be used for mixed-use projects to include retail, office, multifamily and restaurant amenities. The...
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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