News
Northern Liberties, Equity Resource Investments Acquire MD Senior Housing
Northern Liberties and Equity Resource Investments have jointly acquired Arbor Crest, an 80-unit active adult apartment community located in Silver Spring, Maryland. Built in 2004, Arbor Crest offers one- and two-bedroom residences for adults aged 62 and over, with amenities designed to support active and connected lifestyles. Situated just outside Washington, D.C., the property is...
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Coney Island to Add 1,100 More Units of Affordable Housing
The Adams administration on Tuesday announced plans to bring 1,100 units of affordable and supportive housing to Coney Island. The city will partner with BFC Partners Development LLC to continue the success of the ongoing Coney Island project with Coney Island Phase III, which will bring 420 additional affordable homes to the area. To help...
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Former Downtown Hudson’s Bay Company Stores Unlikely to Remain Retail Spaces
Former downtown Hudson’s Bay Company department stores are unlikely to continue being used for retail purposes, say commercial real estate experts. A number of former downtown Bay stores, including those in Montreal, Toronto, Ottawa, and Vancouver, did not receive any bids as part of the company’s restructuring process under creditor protection. Their leases are reverting...
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$400M Castle Rock “Brickyard” Taking Shape
A Developer’s vision was to turn a dilapidated brickyard into a multi-dimensional mixed-use community hub. Confluence Companies is soon to make that vision a reality. In 2019, the facility’s owner, Texas-based Acme Brick Co., shuttered the plant, leaving a 31-acre site and approximately 3 million sturdy building blocks behind. The Denver Business Journal reports that...
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Joint Venture Pays $262M for Oxford Student Housing Assets
Morgan Stanley Investment Management and The Scion Group jointly acquired a portfolio of student housing communities in Oxford, Mississippi, for a combined investment of $262 million. TSB Capital Advisors represented the new joint venture in arranging financing for the acquisitions. The portfolio is located within two miles of the University of Mississippi campus and comprises...
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Avison Young Launches Property Tax Appeal Service in Vancouver
Avison Young has launched a new property tax appeal service practice in Vancouver. In conjunction with the launch, the firm has hired Robert Blouin to lead the practice. “Our new service will provide access to high-quality, complex valuations and tax assessments, as well as strategic client advocacy – which is one area that I hold...
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Woodfield Acquires Land for Westside Atlanta Apartment Venture
Woodfield Development closed on the land for 840 Woodrow, a mixed-use project located on Woodrow Street SW in Atlanta’s historic Westside. The site sits directly along the Atlanta BeltLine’s Westside Trail. The opportunity was sourced in partnership with Vida Companies. Slated to break ground in the coming weeks, 840 Woodrow is a $76.7 million development that...
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Jadco Building Zero-Carbon Multi-Family Project in Saint-Laurent
Jadco has commenced construction on a two-building, zero-carbon multi-family residential project in the Montreal suburb of Saint-Laurent, Que. Known as Équinoxe Bois-Franc, the $225-million project reflects Jadco’s environment and social governance framework, said the company. In addition to seeking the Zero Carbon Building Performance Standard, the project is aiming for LEED and BOMA certifications. The 525-unit...
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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