News
3-Phase Tampa-Area Apartment Project Lands Financing
McDowell Housing Partners (MHP) closed financing allowing the building of the first phase of Ekos at Bayonet Point, a three-phase master-planned affordable housing community comprising 360 units. Ekos at Bayonet Point is located along the west side of Lakeshore Boulevard in Hudson, Pasco County, Florida. Ekos at Bayonet Point Phase I will deliver 114 senior...
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C.W. Driver Launches Modernization of Long Beach Poly High School
C.W. Driver Companies, a builder specializing in educational facilities, recently held the groundbreaking of a $175-million modernization project at Long Beach Unified School District’s (LBUSD) Polytechnic High School. The comprehensive project includes interim student housing, a new 65,000-square-foot Career and Technical Education classroom building, and the modernization of eight historic existing campus buildings. The project will...
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JLL Arranges Acquisition Loan for Fontana Apartment Portfolio
JLL Capital Markets secured a $20.5-million acquisition financing for Fontana Multifamily Portfolio, comprising two newly constructed apartment communities in Fontana. The JLL Capital Markets Debt Advisory team led by managing director Dale Holzer worked on behalf of the borrower, a local private investor, in arranging the loan through Keystone National Group, LLC. The Fontana Portfolio consists of two 2024-built apartment communities, 8969 Newport...
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Lincoln Park Apartment Sale Sets Per-Unit Pricing Record
CBRE recently arranged the sale of 516 W Arlington, an 8-story, 14-unit multifamily property in the Lincoln Park neighborhood of Chicago. Highland Real Estate Partners LLC paid $ 10,350,000 in a transaction reportedly set a record for price per unit in Lincoln Park at $739,000. CBRE’s Justin Ross and Danny Byrne represented the seller. “Lincoln Park’s low supply of...
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Colliers Arranges $71M Permanent Loan on Bozeman Luxury Apartments
The Los Angeles Colliers Mortgage Structured Finance Group, led by Jonathan Lee and Shahin Yazdi, arranged a $71,422,000 permanent Fannie Mae loan for The Oxbow, a 268-unit luxury apartment community in Bozeman, MT. The financing retires the existing construction loan and provides substantial cash-out proceeds that will serve as equity for the development of Phase...
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Provincial Budget Allocations Could Boost MF Development: Paskowitz
New Ontario budget allocations and proposed legislation could have a big impact on multi-family real estate investment and development, says an industry leader. Howard Paskowitz, vice-president of development and public affairs for Toronto-based Starlight Investments, expressed deep praise for the measures in an interview with Connect. The budget allocations include the $1-billion Municipal Housing Infrastructure...
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Groupe HD, Fondaction Partner on $425M East Montreal Multi-Res Project
Groupe HD and Fondaction have partnered on a $425-million multi-residential development in Montreal’s east end, the firms announced. The partners intend to develop 1,200 suites on a 210,000-square-foot site at 5600 Sherbrooke Street East in the Mercier–Hochelaga-Maisonneuve borough. More than 15% of the units will be designated as affordable housing. The development will target LEED...
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Healey Issues Inventory of State-Owned Land Available for Housing Development
The Healey-Driscoll Administration has released an inventory of more than 450 acres of surplus state-owned land that could be used for the development of 3,500 new housing units across Massachusetts. The administration expects to make 17 additional sites available to developers in the next year, issuing Requests for Proposals for 10 sites and holding an auction for...
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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