News

Bayline Obtains Debt, Equity for Savannah-Area Apartment Project

Atlanta & Southeast + Apartment Buildings

The Bayline Group has obtained debt and equity financing, allowing it to build a new Class A garden-style apartment community in Mosaic Town Center, a 170-acre mixed-use development near downtown Savannah in Pooler, Georgia. The community, called Mosaic Pooler, will offer 333 apartments upon completion, expected in May 2027. Berkadia’s Mitch Sinberg, Scott Wadler, Bryan...

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Surrey Condo Flash Sale Generates 63 Deals, More Expected

Canada + Apartment Buildings

A flash sale at the Belvedere condominium tower in Surrey, B.C., led to 63 units sold last weekend, according to B.C. Business. The newly completed units are move-in ready as opposed to those often marketed through a presale campaign while under construction. The one-day event, dubbed Condo Day, drew hundreds of prosective buyers and investors...

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Nesto Launches New Mortgage Origination Group in Quebec City

Canada + Apartment Buildings

The Nesto Group has launched a new commercial mortgage origination platform in Quebec City through CMLS Group. The launch marks a significant expansion of Nesto’s presence in the province of Quebec. The move includes the opening of a Quebec City office and a strengthened operation in Montreal. The newly formed team comprises 10 professionals led...

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Calgary CRE Investment Sales Up 33% from 2023

Canada + Apartment Buildings

Multi-family properties led Calgary’s commercial real estate investment market with $286.6 million in sales in the first quarter, says a new Avison Young report. Multi-family posted the largest deal of the quarter: Fiera Real Estate’s $119.9-million acquisition of the deVille apartments in Quarry Park. According to Avison Young, the total dollar volume of investment sales...

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Rockrose Entity Secures $80M Financing on West Village Rentals

New York & Tri-State + Apartment Buildings

JLL secured $80 million in financing for 110 Horatio St., a 10-story, 94,000-square-foot multifamily property located in the West Village. A JLL team of Geoff Goldstein, Steven Klein and Chris Pratt represented the borrower, 110-114 Horatio II, LLC, an entity controlled by principals of Rockrose Development, to arrange a 10-year, fixed-rate loan from investment manager...

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Silverstein Launches Listings at Brooklyn’s Tallest Tower

New York & Tri-State + Apartment Buildings

Silverstein Properties said that listings are now live at Brooklyn Tower, the tallest building in Brooklyn. Located at 85 Fleet St. in Downtown Brooklyn, Brooklyn Tower rises 93 stories and more than 1,066 feet, with the historic Dime Savings Bank of Brooklyn integrated into its design. “As a Brooklyn native, I am deeply committed to the borough’s growth and its evolution...

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Four Seasons Plans to Develop Luxury Hotel, Residences in Charleston

Canada + Apartment Buildings

Four Seasons Hotels and Resorts, in partnership with Strategic Property Partners, plans to build a luxury hotel and residential project in Charleston, S.C.’s historic district. The eight-storey development will include 139 guest rooms and 36 branded residences and is scheduled for completion in 2028. The hotel will feature four restaurants and bar, an outdoor pool,...

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Lennar, Related Break Ground on Hudson Valley Mixed-Use

New York & Tri-State + Apartment Buildings

Lennar and Related Companies have broken ground on Tuxedo Reserve, a new community in New York’s Hudson Valley. The community will bring new single-family homes and townhomes built by Lennar, alongside a brand-new town center, The Village at Tuxedo Reserve, developed by Related Companies that will offer shopping, dining, year-round curated events and essential conveniences for residents...

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