News
Kennedy Wilson Fund Pays $166M for Two SW USA Apartment Communities
A real estate fund managed by Kennedy Wilson has acquired, in separate transactions, Tides on Commerce – a 336-unit apartment community in North Las Vegas, Nevada, and Finisterra – a 356-unit apartment community in Tempe, Arizona, for a total of $166 million, excluding closing costs. The fund invested a total of $61 million of equity...
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JV Raises $240M for Palm Beach College Housing Project
Gilbane, in partnership with Palm Beach Atlantic University (PBA), has reached financial close of a $240 million public-private partnership (P3) project that will help address the area’s need for more student housing. This initiative will bring a 25-story, mixed-use student housing residence hall with 275 apartments to the intersection of Acacia Road and Dixie Highway...
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Kushner, PTM Obtain Financing on Biscayne Bay Rental Community
Corebridge Financial provided $87.3 million to refinance 2000 Biscayne, a newly built, Class-A multifamily building totaling 420 units in Miami, Florida. A joint venture team of Kushner Companies and PTM Partners was the loan sponsor. Walker & Dunlop New York Capital Markets, led by Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Michael Stepniewski, Jordan...
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Spruce Pays $68.75M for 300-Unit Charlotte Rental Property
Spruce Properties acquired Evolve at Parkway, a new 300-unit, garden-style multifamily property in Concord, North Carolina, approximately 25 minutes north of downtown Charlotte. Caleb Troop, Thomas Colaiezzi, and Matt Robertson of Berkadia Charlotte led the sale on behalf of the seller, Evolve Companies of Greensboro. Spruce acquired the asset for $68.75 million. Laura Beaton of Berkadia...
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Cushman & Wakefield Arranges $81M Refi of Jersey City Multifamily
Cushman & Wakefield arranged an $81-million refinancing deal for One Grove, a 200-unit multifamily property located at 215 Grove St. in Jersey City. The deal, secured on behalf of borrower Sing Wang of TKK Capital, was financed by Societe Generale with a five-year full-term, interest-only loan. Brad Domenico, Frank Stanislaski, and Jack Subers of Cushman...
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Quarterra Commences Leasing at Everett Rentals
Quarterra Group, a subsidiary of Lennar Corporation and a real estate investment and development firm, today announced the start of leasing at Artemas, a mid-rise apartment community in Everett, MA, four miles north of Downtown Boston. The management of Artemas falls under the recent merger agreement between Quarterra Living, the property management division of Quarterra Group, and RKW Residential, the property...
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Northmarq Secures $142M for Maryland Luxury High-Rise Portfolio
Northmarq has arranged $141.73 million in financing for a two-asset, 493-unit portfolio of luxury high-rise apartment buildings in the Washington, D.C., metro area. The firm’s Washington, D.C.-based Debt + Equity team, led by Jason Smith and Kenneth Gentzel, structured the deal on behalf of Washington Property Company, a prominent regional developer and owner. The portfolio...
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Yardi Matrix Reports Sluggish May Multifamily Metrics
Doug Ressler Yardi Matrix’s May 2025 National Multifamily Report noted that rent growth achieved a “steady if unspectacular growth pattern in May,” at a 1% year-over-year increase. Meanwhile, occupancy clocked in at 94.4%, which represented a 0.3% fall, representing the “lowest level over a decade,” the report explained. The reason? Ongoing supply deliveries. However, “while...
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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