News
Walker Webcast: Ivy Zelman Suggests Housing Market Is More Balanced Than Narrative Claims
The typical narrative is that the U.S. housing market has a shortage of three to four million homes. However, housing analyst Ivy Zelman suggested during the Sept. 2 Walker Webcast that the market may be closer to equilibrium than the estimates indicate. “Our view is that the current supply is meeting the level of household...
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Eastlake Apartment Complex Sells for $35M
Bender Equities has sold East Howe Steps, an apartment complex located in Seattle’s Eastlake neighborhood. An affiliate of Sequel Investment Co. and Evergreen Gavekal acquired the property for $35 million, or $351,579 per unit. Philip Assouad, Giovanni Napoli, Ryan Harmon, Nick Ruggiero and Anthony Palladino of Institutional Property Advisors, a division of Marcus & Millichap,...
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$76M in Capital Secured by JLL for Minneapolis MF Development
JLL has secured $76.25 million in financing for Thompson Oaks, a 291-unit multi-housing development along the Robert Street corridor in West St. Paul, Minnesota. JLL represented the sponsor, Greco and Swervo Management, in facilitating the $63 million, four-year, floating-rate loan through First International Bank & Trust. JLL also sourced $13.25 million from WhiteStar Advisors. The...
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Montreal CRE Investment Jumps 38% To $5.7B
A rush of office purchases helped bring investors back to Greater Montreal’s commercial real estate market during the first half of 2026, although buyers continued to draw a hard line between prized buildings and troubled properties. Office sales reached $720 million, up 149% from a depressed year-earlier period, according to Altus Group. The unexpected revival...
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Downtown Denver Apartment Building Trades for $110M
Carmel Partners bought The Fitzgerald at 1840 Market St. for $110 million. Greystar was the owner and developer of the 282-unit, 11-story building. The mixed-use building with retail spaces on the ground floor opened in 2022. The purchase price equates to about $390,000 per unit. The Denver Business Journal reports that in 2023, Greystar refinanced...
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Developer Looking to Transform Phoenix Shopping Center
One of Phoenix’s oldest shopping centers is gearing up for a potentially major transformation. Camelback Colonnade is 62 years old in its original form, tracing back to the 1964 opening of the East Camelback Mall, or 32 years old since it was redeveloped and dedicated as the Camelback Colonnade in the fall of 1994. Developer Federal Realty Investments is taking...
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Integral Announces Construction Start for 900-Unit Durham Apartment Development
The Integral Group announced when it will kick off construction on the 907-unit apartment and retail venture, dubbed Tribute Rising. The company anticipates starting construction in early 2027 as the development qualifies for expedited review because the first phase has at least 100 dedicated affordable units. It will also include a grocery store and childcare center....
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Related Pays $110M for Atlanta-Area Apartments
Related Company paid $110 million for a 468-unit garden-style apartment complex in the Roswell/Alpharetta area. The seller was Post Real Estate Group. The Manchester at Mansell apartments were built in 1984 and offer one-, two-, and three-bedroom floor plans. Manchester at Mansell has rental units ranging from 857 to 1,540 square feet, starting at $1,330. Amenities...
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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