News

Harrison Street Biting on Student Housing Deals

Canada + Student Housing

Jonathan Turnbull hasn’t been losing any sleep over the Canadian student-housing market lately. Turnbull, head of Canada for U.S.-based global institutional investor Harrison Street, says the company has been highly active in the sector in recent months. “Student is taking a disproportionate amount of our time, in part because the economics are working out, and...

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BH Properties Launches Multifamily Investment Platform

California & West + Apartment Buildings

BH Properties, a privately held, vertically integrated, value-driven real estate investment firm headquartered in Los Angeles, has launched Haven Housing, a multifamily investment platform focused on acquiring, enhancing and operating both market-rate and affordable communities throughout the western U.S. The announcement coincides with the appointment of industry veteran Connor Mortland as managing director and head...

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Costa Mesa Apartments Achieve High Price Per Unit

California & West + Apartment Buildings

CBRE finalized the sale of a 13-unit multifamily property at 553 and 555 Victoria St. in Costa Mesa. The transaction closed at $8.6 million, reportedly the highest price per unit achieved for a multifamily property in Westside Costa Mesa over the past 18 months. EVP Dan Blackwell, SVP Mike O’Neill and associate Jack O’Connor represented...

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MonticelloAM Closes $28M Loan for Wisconsin Senior Housing

Chicago & Midwest

MonticelloAM, along with a firm affiliate, closed $28 million in bridge financing for two seniors housing properties in Wisconsin. Senior Managing Director Karina Davydov originated the transaction through the firm’s bridge lending platform. “We value the trust our repeat clients place in us and are proud to support this group, reflecting our continued confidence in...

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NY Life Provides Refi on Monmouth County Apartments

New York & Tri-State + Apartment Buildings

Cushman & Wakefield advised KRE Group in securing a $90-million fixed-rate loan for the refinancing of the Beacon Hill apartment community in Marlboro, NJ. The financing on the 285-unit complex was provided by New York Life. KRE Group opened the community in late 2024, and it has since reached 100% lease-up. Alan Blank, Gideon Gil, Zach...

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CPP, Beacon Communities Plan Rehab of New Haven Apartments

Boston & New England + Apartment Buildings

Community Preservation Partners (CPP) and Beacon Communities announced the acquisition and planned rehabilitation of Brewery Square Apartments in New Haven, CT. This is CPP’s second community in the Fair Haven neighborhood, following the recent completion of nearby Fairbank Apartments. Located at 1 Brewery Square along the Quinnipiac River, Brewery Square is a two-building, 104-unit apartment community originally...

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GHD and SLA Chosen to Design Newly Created Island’s Infra

Canada + Apartment Buildings

Australian professional-services company GHD and Danish design firm SLA have been appointed prime consultant and design lead, respectively, for Phase 1 of infrastructure and streetscape planning on Ookwemin Minising, Toronto’s new island community. Waterfront Toronto, a federal-provincial-municipal agency overseeing the revitalization of the city’s waterfront, chose GHD and SLA for the key roles. Financial terms...

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Newmark Arranges Sale of Tacoma Industrial Property

Seattle & Northwest + Apartment Buildings

Newmark has arranged the sale of 3102 S. Pine Street, a 194,857-square-foot industrial property located in Tacoma, Washington. The property sold for an undisclosed amount. Newmark Executive Managing Directors Andrew Briner and Jim Linn, Associate Director Aaron Banks and Senior Analyst Luke Easton, in collaboration with Vice Chairmen Thad Mallory and Taylor Hoff, represented the...

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