News
JV Acquires Apartments in Portland’s Buckman Neighborhood
Fourth Avenue Capital and Range Equity Management, in a joint venture with PCCP, have acquired 2121 Belmont, a stabilized multifamily property located in the Buckman neighborhood of Portland, Oregon. Fourth Avenue Capital now owns 25 assets across its portfolio, including six other properties in the Portland MSA. Originally built in 2008 as condominium units, 2121...
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Kennedy Wilson Buys 265-Unit Seattle Multifamily for $173M
Kennedy-Wilson Holdings has acquired The Danforth, a multifamily community in Seattle for $173M in a joint investment. Kennedy-Wilson plans to complete the acquisition in a joint investment with the real estate-related services providers, Kenedix and Hulic. The 265-unit multifamily community has Whole Foods as the sole ground-floor tenant. Located at the intersection of Seattle’s First...
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Atlantic Housing Inks Refi for 3 DFW Apartment Projects
Greystone provided $55 million in HUD-insured loans to refinance three affordable housing properties in Fort Worth and McKinney, Texas. The financing was originated by Miryam Reinitz-Kops and Jon Morales, of Greystone on behalf of Atlantic Housing Foundation, Inc. (AHF) The three properties total 622 units: Quail Ridge (296 units), Silver Leaf (176 units), and Redbud...
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Tucson Rental Asset Trades for $240K/Unit
A Tucson apartment complex, The Place at Arroyo Verde, which is a 156-unit project in the Casas Adobes neighborhood, sold for $37.5 million, or about $240,000 a unit. “Casas Adobes is one of Tucson’s most affluent and highest barrier to entry submarkets,” said Institutional Property Advisors’ Steve Gebing, a broker on the deal. “Topography constraints, a...
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Commercial-Broadway Safeway Redev Project Gets Green Light
Vancouver city council has approved Crombie REIT and Westbank’s application for a massive redevelopment of a Canada Safeway store in the Commercial Drive area. The approval came after the partners made several revisions to the planned project, including a switch entirely to purpose-built rental housing from strata-ownership units. As part of the revisions, New Glasgow,...
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Mouchakkaa Departs AIMCo for Crow Holdings in Dallas
Paul Mouchakkaa has left his post as head of real estate at the Alberta Investment Management Corporation (AIMCo) to join Crow Holdings Capital (CHC) in Dallas. Mouchakkaa had been with AIMCo since 2022, overseeing a $30-billion global real estate portfolio. He joined CHC as a senior managing director responsible for the firm’s build-to-core and core-plus...
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Gilbane JV Breaks Ground on DC Affordable Housing Project
Gilbane Development recently celebrated the ribbon-cutting of The Upland, phase one of three in the larger Barnaby & 7th affordable housing redevelopment project. The team simultaneously broke ground on Phase 2, which consists of 229 units across four buildings. “Addressing the affordable housing crisis requires strong partnerships, and Barnaby & 7th exemplifies what can be...
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Multi-Family Rents Decline 3.3% YoY from Record High
Residential rents across Canada fell 3.3% year-over-year in May from a record high according to the latest National Rent Report from Rentals.ca and Urbanation. But rents remained 5.7% higher than two years ago and 12.6% those posted three years ago. Although average asking rents have risen 4.1% annually over the past five years, the showing...
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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