News
Dwight Mortgage Trust Finances $30M Bridge Loan for MF in Columbus
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, has provided a $29.5 million bridge loan to facilitate the acquisition and substantial rehabilitation of Colonial Village, a 508-unit apartment community in Columbus, Ohio. Situated on a 25-acre site, Colonial Village consists of 92 one- and two-story buildings, with 204 one-bedroom units, 24 two-bedroom units, and...
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CBRE Arranges Sale of 234-Unit Multifamily Property in Indiana
CBRE has arranged the sale of River Pointe, a 234-unit multifamily property in Mishawaka, Indiana. Monarch Investment and Management purchased the property from LV Property Management. CBRE’s George Tikijian, Hannah Ott, Cam Benz, Clair Hassfurther, Ryan Stockamp and Sean Pingel represented the seller in the transaction. “River Pointe was exceptionally well maintained and operated by the seller, LV...
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Related Midwest Opens West Side Development Roosevelt Square Phase
Related Midwest recently opened three new residential buildings in Phase 3B of Roosevelt Square, the developer’s 67-acre multiphase redevelopment on Chicago’s Near West Side. Developed in partnership with the Chicago Department of Housing and CHA, the latest phase adds 207 mixed-income apartments, including 75 public housing, 40 affordable and 92 market-rate units, and 10,000 square...
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McKinney Allows for More Commercial Uses on Billingsley Land
The McKinney City Council approved a sizable rezoning on land owned by the Billingsley Corporation. Billingsley has developed several properties across Dallas-Fort Worth, including Austin Ranch, Cypress Waters in Coppell, Beacon Square in Plano and Sloan Corners in Allen. In total, Billingsley owns more than 7,600 acres of land in the Dallas-Fort Worth area. The...
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People & Companies News for Week Ending June 6, 2025
JLL has launched its 2025 campaign with Breakfast Club of Canada and reached a fundraising milestone to support school breakfast programs across Canada. JLL and Breakfast Club are celebrating the 10th anniversary of their partnership. Howard Sokolowski, founder and president of Metropia, has received a BILD lifetime achievement award. The honour “celebrates individuals who have...
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Regent Properties Pays $90M for 3-Property Phoenix Portfolio
CBRE negotiated the sale of a three-property multifamily portfolio in Downtown Phoenix, totaling 323 units. The portfolio includes Class A multifamily communities located within one-half mile of each other in the Roosevelt Row neighborhood. Regent Properties acquired the portfolio for $90 million. Baron Properties was the seller. CBRE’s Asher Gunter, Matt Pesch, Austin Groen and Sean Cunningham represented Baron. Jesse Weber and Andrew Behrens of...
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Carney Outlines Infrastructure Fast-Tracking Program
Prime Minister Mark Carney has unveiled criteria for accelerating approvals of major infrastructure projects, with a focus on proposals that enhance Canada’s economic independence and have support from Indigenous communities. The announcement followed a meeting with premiers during the First Ministers conference this week in Saskatoon—Carney’s first such meeting since his election win in April....
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Grover Corlew Lines Up Financing for Ft. Lauderdale Multifamily Venture
Grover Corlew has closed on a $92 million financing package for the construction of a 312-unit apartment complex in Fort Lauderdale’s Cypress Creek submarket. The S. Florida Business Journal reports Bank OZK provided a $72.3 million mortgage, and Affinius Capital awarded a $19.7 million mezzanine loan to the Boca Raton-based developer. The loan covers the...
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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