News
Centerspace Pays $149M for SLC Rental Community
Centerspace, a publicly traded REIT, paid $149 million for a 341-unit apartment complex in Salt Lake City. Cottonwood Properties was the seller. Northmarq’s Salt Lake City Multifamily Investment Sales team, led by Mark Jensen, Rawley Nielsen and Darren Nielsen, brokered the deal. Northmarq says this sale represents the largest multifamily transaction in Utah in nearly five years and the first direct acquisition by...
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Brivia, Club Med Looking to Develop New Tremblant Resort
Brivia Group and Club Med are exploring the possibility of developing a new all-season resort in the Mont-Tremblant, Que., area. The companies said they are in talks with Mont-Tremblant Resort about the potential venture. If Brivia and Club Med follow through on their plans, the resort project would include a 300-room hotel and multi-residential units...
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Development Team Inks $125M Construction Loan for Miami Rental Community
Miami Design District Associates, Hunter Pasteur and The Forbes Company closed on a $125 million construction loan to build a 107-unit apartment project in Miami’s Design District. Called Cassi, the 20-story project includes 161,444 rentable square feet of residential space across a mix of units, averaging 1,509 square feet. Unit types range from one to...
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Rock Group Passes 50% Leased Milestone with First Brooklyn Residential Project
Rockefeller Group, in a joint venture partnership with Park Tower Group, announced that more than 50% of the 381 residences at The Dupont have been leased. Located along Greenpoint’s waterfront, The Dupont marks Rockefeller Group’s debut residential development in Brooklyn. “The pace of leasing at The Dupont is a testament to the building’s exceptional quality, design, and location,” said...
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Procopio Expands Third-Party Construction Management
The Procopio Companies has expanded the reach of Procopio Construction, the foundational construction division of the fourth-generation firm. Strengthening its commitment to third-party projects and partners, the dedicated construction services division will be led by industry veteran Al Gogolin, recently named EVP, project execution. The redefined and growing division of the company will operate independently...
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Sage Investment Group Expands Portfolio with Fife Acquisition
Sage Investment Group, a Kirkland-based developer and property investment company, has acquired a vacant motel property in Fife for $4.25 million. The vacant hotel was purchased in an off-market deal for $4.25M, with plans to convert the underutilized property into essential housing featuring 121 high-quality studio apartments. The revitalized site will deliver thoughtfully designed, attainable...
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Greystar Pays $381K Per Unit for Malden Apartments
A couple of months after Rockpoint paid a reported $268 million for Altitude Apartments in Malden, MA, another nine-figure transaction in Malden has closed at a higher per-unit price. The Boston Business Journal reported Tuesday that Greystar paid $112.5 million for Strata, which has been rebranded as Avana Cliffside. The sale of the 295-unit property at...
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Norris & Stevens Brokers Investment Sale of MF In Portland
Structure Redevelopment, LLC recently completed the $3.1 million sale of the Clay Street Apartments, a multi-family property located at 3757 SE Clay Street in Portland, Oregon. Jake Holman with Portland-based Norris & Stevens, Inc., and Cameron Mercer with The Daniels Group, LLC, represented the seller. The buyers were self-represented in the transaction. Constructed in 2023,...
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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