News
TruAmerica Multifamily Re-Enters Loudoun County via $72M Deal
TruAmerica Multifamily acquired Chase Heritage Apartments, a 236-unit garden apartment community in Sterling, VA. Los Angeles-based TruAmerica is re-entering a prime Northern Virginia submarket of Loudoun County via the $72-million purchase from McDowell Properties. “Northern Virginia is the top market in the DC MSA, and we continue to leverage our expertise and scale to expand in high-growth markets,”...
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Blanchard Leaves CDPQ to Become Chief of Carney’s Staff
Prime Minister Mark Carney has hired a leading Caisse de dépôt et placement du Québec (CDPQ) executive as his new chief of staff. Marc-André Blanchard was appointed to his new position Sunday. He will assume his duties in July. CDPQ announced Blanchard’s resignation from his role as an executive vice-president and head of both CDPQ...
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Clifton Blake Merges with Metropolitan Commercial Under New Brand
Clifton Blake, a real estate investment and asset management firm, has merged with Metropolitan Commercial Realty under a new brand name, CB Metropolitan Commercial (CB Metcom). The move combines the strengths of both firms, aiming to create a market-leading integrated real estate platform. With the merger, Clifton Blake gains access to an expansive broker network...
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Fewer Condos Under Construction in Montreal
Canada Mortgage and Housing Corporation data indicates that Montreal condominium construction could be starting to slow. Seasonally adjusted Montreal multi-unit construction starts dropped 5% month-over-month in April, according to CMHC. Multi-unit projects include suites in condo buildings. On a seasonally adjusted basis, all other Montreal housing types than single-family dropped to 21,499 in April from...
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Loft-Style Mixed-Use Trades in North Williamsburg
Marcus & Millichap closed the sale of 167 N 9th St., a 14-unit, 17,934-square-foot mixed-use building in Brooklyn, for $6,250,000. According to Marcus & Millichap, the property is one of the last remaining authentic loft-style brick buildings in prime North Williamsburg. “This sale follows several other IMD loft buildings we’ve closed in the immediate area,”...
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UC Investments Acquires Belmont University Campus in Sale-Leaseback
Notre Dame de Namur University (NDNU) in Belmont is selling its 97-acre property to University of California Investments. Terms weren’t disclosed. The sale-leaseback deal, which also includes Water Dog Lake, comes a few months after Stanford University dropped out of longstanding plans to develop the campus. UC Investments will lease the existing campus facilities back to...
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Developer Seeks $850M for FiDi Office-to-Residential Conversion
InterVest Capital Partners is seeking a construction loan of about $850 million to convert 111 Wall St. in Lower Manhattan’s Financial District into more than 1,500 apartments. The developer is working with advisers from Walker & Dunlop New York Capital Markets to line up financing for the transformation, reported Crain’s New York Business. The loan...
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NAIOP Names Vulcan the North American Developer of the Year
NAIOP, the Commercial Real Estate Development Association, has selected Seattle-based Vulcan Real Estate as its 2025 Developer of the Year – the association’s highest honor. “It’s an incredible honor to be named NAIOP’s Developer of the Year,” said Ada Healey, Chief Real Estate Officer at Vulcan Real Estate. “We’re proud of the role we’ve played...
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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