News
Original Developers Sell Belmont Apartments for $175M
A CBRE team led by Simon Butler, Biria St. John, John McLaughlin and Brian Bowler arranged the $175-million sale of Hill Estates, a 396-unit, fully market-rate apartment community located in suburban Belmont, MA. CBRE exclusively represented the seller, the DiGiovanni family, and procured the buyer, The Hamilton Company. One of the largest market-rate communities in Metro...
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JV Secures Financing for Chicago Office-to-Multifamily Conversion Project
Mag Mile Capital, Inc. has arranged $10.25 million in joint venture equity on behalf of the development team executing an office-to-multifamily conversion project at 111 W. Illinois in the River North neighborhood of Chicago. The joint venture equity was arranged on behalf of the development team and secured from an institutional limited partner based in...
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Mayor Bowser, Development Team Open Buzzard Point Residential Project
Akridge and National Real Estate Development, along with Blue Coast Capital, Bridge Investment Group, National Real Estate Advisors, and D.C. Mayor Muriel Bowser, recently celebrated the ribbon cutting for Phase I of The Stacks, a nearly seven-acre waterfront neighborhood in Buzzard Point. The ribbon cutting marks the completion of the first phase of the development,...
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Habitat Fully Leases Apartment Development in Bronzeville
Chicago-based Habitat has fully leased the apartments in the second phase of 43 Green, a mixed-income, mixed-use community in Chicago’s historic Bronzeville neighborhood on the city’s Near South Side. Located at 4309 S. Prairie Ave., immediately west of the CTA’s 43rd Street Green Line stop, 43 Green Phase 2 rises 10 stories and features 80...
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Mill Creek Building Second Walsh Apartment Community
Mill Creek Residential announced construction is underway at Modera Walsh Heights, a midrise community in the Walsh master-planned development in Fort Worth. Modera Walsh Heights broke ground in December and will feature 296 apartments that are anticipated for spring 2026. It’s the second multifamily development by Mill Creek within Walsh. At 7,500 acres, Walsh is among the largest master-planned...
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Caisse Phasing Out Ivanhoé Cambridge and Otéra Capital Brands
The Caisse de dépôt et placement du Québec is dropping the Ivanhoé Cambridge and Otéra Capital brands. The pension-fund manager also announced that it is now operating under the name La Caisse. The move stems from the Caisse’s restructuring effort designed to save $100 million. Ivanhoé Cambridge and Otéra Capital previously operated as separate companies. But...
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Oak Row Closes on Miami High-Rise Financing
Oak Row Equities closed on a $210.5 million construction loan for 2900 Terrace, a multi-family tower in Miami’s Edgewater neighborhood. The financing package includes a $142.5 million senior loan from Bank OZK and a $68.0 million mezzanine loan from Canyon Partners Real Estate LLC. Christopher Peck, Brian Gaswirth, Nicco Lupo, Nick Lavin and John Lowe...
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Griffis Pays $87M for W. Palm Beach Apartment Community
Griffis Residential acquired Anya, a 223-unit high-rise in West Palm Beach, Florida. The 2023-built, 15-story high-rise community has been rebranded as Griffis West Palm. Griffis acquired the property, which also has 3,132 square feet of retail space, from Northwestern Mutual Life Insurance Co. and Woodfield Development. The property offers studio to three-bedroom apartments, ranging in size from...
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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