News
Greystone Provides $59M Loan for Apartment Property in Illinois
Greystone has provided a $58.6 million Freddie Mac Workforce Preservation program loan to refinance a 427-unit multifamily property in Elk Grove Village, Illinois. The financing was originated by Greystone Senior Managing Directors Eric Rosenstock and Dan Sacks, on behalf of Bayshore Properties, a long-time Greystone client. Built in 1968, Terraces of Elk Grove in Cook...
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Lendlease’s Ryan Burton: Development Logjams are Easing
Ryan Burton is SVP, development, at Lendlease. He is currently spearheading the development of Habitat, a two-building mixed-use campus in Los Angeles’ Culver City submarket. Upon completion in early 2026, Habitat will feature a 253,000-square-foot creative office building and 260-unit multifamily building with first-floor retail, all connected by an integrated acre of open space. Burton...
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Interra Realty Brokers Sale of MF Portfolio in Champaign
Interra Realty has brokered the $5.87 million sale of a five-building, 102-unit multifamily portfolio within driving distance of the University of Illinois Urbana-Champaign campus. Interra Director Michael Duckler represented the confidential buyer in the off-market deal. The portfolio comprises 1001-1021 W. Francis Drive and the adjacent 1402-1406 N. McKinley Ave. The transaction also included 1012...
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260 Affordable Housing Units Planned for Arvada
Lincoln Avenue Communities (LAC) has broken ground on a 260-unit affordable housing project in Arvada that will cater to residents earning between 30 and 70% of the area median income. Located at 5190 Marshall Street, Marshall Pointe Apartments will feature two courtyards, one for children and another for adults. Additionally, the project will include a...
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Tucson Land Deal to Lead to BTR Community
Casitas at La Mariposa Community acquired 36.77 acres of vacant land in East Tucson for $4.6 million. The property, located along Houghton Road adjacent to the La Mariposa Resort, was purchased from Ruth Chmeik and Fiona Brophy of Castle Pines, Colorado. The site is slated for development as a 162-unit build-to-rent casita community. Developer Phil...
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BridgeGaps Picks Up Spartanburg Rental Asset for $53M
Orange Capital Partners offloaded a 297-unit garden-style apartment in Spartanburg for $53 million. The Lively Drayton Mills was 92% occupied at the time of the sale. BridgeGaps Real Estate was the buyer. Walker & Dunlop arranged $40 million in acquisition financing for the rental asset, which comprised a $31 million Freddie Mac loan and a...
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Shoreham-Led Group Delivers 412-Unit Cape Coral Rental Community
Shoreham Capital, in partnership with Bridge Investment Group and Wynkoop Financial, completed Siesta Lakes, a 412-unit Class-A rental community in Cape Coral. Construction on the project began in 2023 following the closing of a $66 million construction loan, with Curran Young Construction serving as the general contractor. The project culminated in the completion of the ninth and...
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Ryan Cos. Completes Luxury Senior Living Community Near Portland
Ryan Companies US, Inc. and Cogir Senior Living hosted the grand opening of Cogir of Tigard, a resort-style senior living community with 107 independent, assisted living, and memory care residences. Located at 9244 Southwest Oak Street, nine miles from Portland, the three-story community features a variety of amenities including several dining venues, salon, fitness center,...
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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