News
Shoma Group Obtains $172.5M C-PACE Loan for North Bay Village Development
Newmark has arranged $172.5 million in C-PACE construction financing on behalf of Shoma Group for Shoma Bay, a landmark mixed-use waterfront development in North Bay Village, Florida. Located at 1850 John F. Kennedy Causeway, the 24-story development will comprise 333 luxury condominium residences and a retail component anchored by a new 36,000-square-foot Publix Super Market....
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Dallas Multifamily 2026 Panelists Cautious, Hopeful About Industry Future
With so much competition, it’s doing the little things right that seemed to be a prevailing theme among several panelists at the recent Connect Texas Multifamily Dallas event at the Joule. Jon Tullo, from Apartment Management Consultants, said in a competitive market like Dallas, which has an 89% occupancy rate and a number of desirable...
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Former Factory to Receive New Life as Affordable Homes in Upstate NY
Developers have begun work on a new 80-unit affordable housing property on the site of a former factory in the Adirondack village of Tupper Lake, NY. The $46 million project will transform the long-vacant Oval Wood Dish Factory into modern apartments and more than 25,000 feet of commercial space, with residences affordable to households earning...
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Essex Realty Group Brokers Sale of 12-Unit MF in Tinley Park
Essex Realty Group completed the sale of 17114 71st Avenue, a 12-unit multifamily property in Tinley Park, Illinois, for $1.51 million. The property consists of ten two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units. Two units have been fully renovated, while the remaining ten are in standard condition. The property had been owned by the...
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Ridge Capital Offloads Two Ukiah Apartment Complexes
Ridge Capital sold a two-apartment Northern California portfolio for $23.5 million. No buyer was disclosed. The apartment portfolio includes Sierra Sunset Village, a 68-unit development at 531 Capps Land and the Alderwood Apartments, a 53-unit venture at 1450 S. State Street in Ukiah. Sierra Sunset Village features mostly two-bedroom apartments with open floor plans, stainless...
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Lender Group Provides $74.7M Loan for Riverside Townhome Community
Canyon Partners Real Estate has jointly provided a $74.7 million senior construction loan with J.P. Morgan to BCT Development, a joint venture between Bain Capital Real Estate and Cherry Tree Development, for the ground-up development of a Class-A rental townhome community located in Riverside, California. The Property will feature 180 rental townhomes across three-story walk-up...
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Tishman Speyer Acquires 376-Unit Anaheim Rental Community
Tishman Speyer acquired Rise, a multifamily community encompassing 376 market-rate apartments in Anaheim’s Platinum Triangle District. MORE Residential has owned the property since 2022. Tishman Speyer acquired the 340,000-square-foot residential property on behalf of its TS Plus fund. The purchase was financed in part by an $88 million loan through Freddie Mac. Completed in 2020 and currently...
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Development Team Starts Work on Milpitas Affordable Housing Project
Waterford Property Co. has started construction of a 75-unit affordable multifamily property located at 1397 California Circle in Milpitas, located in California’s Santa Clara County. As part of a larger residential master-planned community, the 75-unit property will offer apartments to families earning between 30 percent to 70 percent of the area median income. Slated 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