News
Former NFB Head Office to Become Major Mixed-Use Site
The former National Film Board head office in Montreal is slated to become a major mixed-use development project. The Canada Lands Company has announced its intention to redevelop the federally owned 528,000-square-foot property in the Saint-Laurent borough into a combination of multi-residential, office and retail, and arts and culture spaces. Plans call for construction of...
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L&G/Taurus Partnership Acquires Lynnfield Garden Apartments
A partnership of Legal & General’s (L&G) asset management division and Taurus Investment Holdings acquired Lynnfield Commons, a 200-unit garden-style apartment community in Lynnfield, MA, within the North Shore submarket of Boston. The seller was John M. Corcoran & Company (JMC), which developed and built the property in 2009. The purchase price was not disclosed. JMC will...
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LIC Rental/Condo Tower Lands $388M Financing
Baron Property Group (BPG) and LargaVista Companies said Monday they had secured $388.5 million in construction financing for 30-25 Queens Blvd., a 46-story mixed-use residential tower being developed in Long Island City. Starwood Capital Group, Gotham Organization and Blackstone Real Estate Debt Strategies provided the financing. Ayush Kapahi, principal and founding partner at commercial real estate advisory HKS Real Estate...
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ZOM, CP Capital Open 359-Unit Round Rock Apartment Community
ZOM Living and CP Capital delivered Azola Avery Centre, a 359-unit, garden-style community in Round Rock, Texas. The joint venture partners broke ground in January 2023. Commercial Edge reports Truist Bank arranged a $57.7 million construction loan. JHP served as architect and Rampart as general contractor. Located at 3801 N. AW., the property offers a variety of...
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Tariffs, Inflation, Jobs and CRE: Q&A with Green Street’s Frederic Blondeau
The Canadian economy began an upward trajectory in the aftermath of the pandemic. However, various issues have generated a slowdown, which is impacting several industries. Connect CRE Canada recently asked Frederic Blondeau, Green Street’s Head of Canadian Research, for some clarity on how the economy and tariff issues are impacting the commercial real estate sector....
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Investor Trio Lands $170M Refi on SLC Rental Asset
A development team of Bridge Investment Group, Blaser Ventures and Lowe Property Group obtained a $170 million refinancing on Post District, a 580-unit apartment complex in Salt Lake City. Walker & Dunlop New York Capital Markets, led by Aaron Appel, Sean Reimer, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, and Jackson Irwin, served as Bridge Investment Group’s exclusive advisor. Fannie Mae...
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Miami Joint Venture Buys Dog Track, Planning over 1,000 Rental Units
Investment Corp. of Palm Beach, managed by Palm Beach resident Patrick Rooney Jr., sold 16 acres of the 47.3-acre Palm Beach Kennel Club site at 1111 N. Congress Ave. to the development team of Terra and the Frisbie Group. The sales price was $20.9 million. City National Bank of Florida provided a $16 million mortgage...
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BFC Closes on Construction Loan for Third Phase of Coney Island Project
BFC Partners on Friday closed on a construction loan for 1709 Surf Ave., the third and final phase of its three-building project along Surf Avenue in Coney Island. The final phase will deliver 420 affordable residential units, bringing the total across all phases to 1,242 units representing $693,641,513 of investment. With a total development cost exceeding $250 million for...
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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