News
CHW Acquires Market-Rate Multifamily for Affordable Conversion
Northmarq’s Westlake Village Multifamily Investment Sales team led by Vince Norris, Mike Smith, Jim Fisher and Tommy Yates, in collaboration with Northmarq’s Newport Beach Debt + Equity team led by Scott Botsford, Joe Giordani and Brendan Golding, completed the sale and acquisition financing for NOVO Apartments, a 126-unit market-rate to affordable housing conversion located at 1940 Fullerton Rd in Rowland Heights. Northmarq completed the $38.3-million sale on behalf...
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Vornado Refis Independence Plaza Apartments for $675M
(Updated with additional information) Vornado Realty Trust said its 50.1% owned joint venture has completed a $675 million refinancing of Independence Plaza, a 1,328-unit residential complex at 40 Harrison St. in Lower Manhattan’s Tribeca neighborhood. Newmark’s co-presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone, vice chairman Nick Scribani and director John Caraviello secured the financing from Deutsche...
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Lake Washington Partners Expands Multifamily Portfolio
Lake Washington Partners LLC, a Puget Sound-based, family-owned commercial real estate investor and developer, has entered the multifamily market with the establishment of its Refound Residential brand. Lake Washington Partners acquired two Seattle multifamily properties in May for $45.4 million, the Union Park Apartments and St. Theodore on Roosevelt, marking the company’s sixth and seventh...
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JLL Arranges $140M Refi on Bay Shore Multifamily
JLL Capital Markets arranged $140 million to refinance the Shoregate, a newly-built, 418-unit multifamily development located at 143 4th Ave. in Bay Shore, NY, within Long Island’s Suffolk County. A JLL team led by Kellogg Gaines, Geoff Goldstein and Michael Gigliotti represented the borrower, owned by a partnership with TRITEC Real Estate Company. The funding...
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Kidder Mathews Brokers Off-Market Sale of Seattle Apartments
Kidder Mathews’ Simon | Anderson Multifamily Team has arranged the off-market sale of Anchor House Apartments, an 18-unit waterfront property located at 2714 Fairview Avenue East in Seattle’s Eastlake neighborhood. The asset sold for $6.75 million. Dylan Simon, Jerrid Anderson, Matt Laird, and Jack Shephard represented the seller, Casal Real Property, LLC. The buyer, Anchor...
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Oxford, CT REIT Launch $200M Canada Square Retrofit Project
Oxford Properties Group and CT REIT have announced plans for a $200-million retrofit of the Canada Square office complex in midtown Toronto. The project, anchored by a new 20-year, 550,000-square-foot lease with Canadian Tire Corporation, will see major upgrades to two office towers at 2180 and 2200 Yonge Street, modernizing a combined 680,000 sf of...
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Hunt Companies Greenlit for Austin Apartments, Hotel, Retail
Hunt Companies has been granted approval to build three high-rise buildings on 200 E. Riverside Drive. The buildings are expected to include 1.3 million square feet of office space, almost 900 residential units, just under 32,000 square feet of ground-floor commercial and retail space and a 513-room hotel. The building height could go up to 600...
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Subtext Slates First Arkansas Project with JV Partner Kayne Anderson
Subtext is entering the Arkansas student housing market with VERVE Fayetteville, an 843-bed housing development adjacent to the University of Arkansas. Slated to deliver in August 2027, the project is being developed in partnership with joint venture equity partner Kayne Anderson Real Estate. “Expanding into Arkansas is a natural evolution of Subtext’s mission to shape exceptional living environments...
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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