News
Developer Duo Obtains $117M Construction Loan for W. Palm Beach Apartments
Immocorp Ventures and Beachwold Residential secured a $117 million construction loan to fund a 382-unit multifamily apartment complex in the Northwood District of West Palm Beach. Centennial Bank was the lender. The financing will cover the remaining vertical construction, reserves and closing costs for the project, which broke ground in February 2024 and is now...
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Caisse Commits $400B to Green Investments by 2030
La Caisse de dépôt et placement du Québec will pour $400 billion in sustainability over the next five years, the pension-fund manager announced. La Caisse said it will support companies making green investments between now and year-end 2030. The plan has widespread implications for commercial real estate firms, investments and projects. Although La Caisse has...
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House Approves Carney’s Infrastructure Fast-Tracking Bill
The federal Liberal minority government has passed proposed legislation tied to Prime Minister Mark Carney’s major infrastructure fast-tracking program in the House of Commons. Bill C-5 must still receive Senate approval before it can be proclaimed as a law and enable the government to begin accelerating new projects deemed to be of national significance. The...
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Most Toronto Preconstruction Condo Units Go Unsold
Fifty-five per cent of Toronto preconstruction condominium units in Toronto went unsold in the first quarter of 2025, according to the Canada Mortgage and Housing Corporation (CMHC). The figure is just below the record high of 56% reported at year-end 2024. CMHC said the high level of unsold inventory is making it increasingly difficult for...
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CPPIB to Acquire Iberian Student Housing Company from Brookfield Asset Management for $720M
The Canada Pension Plan Investment Board is acquiring student-housing firm in Iberia from a private real estate fund controlled by Brookfield Asset Management for $720 million. If all goes according to plan, CPPIB will purchase the purpose-built student accommodation (PBSA) platform through its Nido Living subsidiary. CPPIB acquired Nido Living in 2024. The platform, known...
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Wells Fargo Closes $460M Refi on Gotham West Apartments
Wells Fargo’s Multifamily Capital group recently closed a $460-million direct bond purchase facility for the Gotham Organization’s Gotham West, a mixed-income development at 550 W. 45th St. in the Hell’s Kitchen neighborhood of Midtown Manhattan. The property is financed with 100% tax exempt bonds from New York State Housing Finance Agency. The new facility consists of $260 million of...
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Extell Cuts Ribbon on Yonkers Mixed-Use
Extell Development Company joined Yonkers Mayor Mike Spano and other city, county and state officials recently for a ribbon-cutting ceremony for Hudson Piers. The project signifies the final and largest piece of the Downtown Waterfront Revitalization in Yonkers. Extell’s first project in Westchester, Hudson Piers is being developed in three phases. Phase I is now complete and...
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Industry Members Oppose Bill to Extend Notice Period on Nonpayment of Rent
Industry members are urging opposition to California Senate Bill 436, the Keeping Californians Housed Act, as it comes up for consideration by the Assembly after passage in the Senate. If enacted, the bill would extend California’s notice period for nonpayment of rent from three days to 14 days. In a mailing to industry members, Marcus...
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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