News
Plainfield, NJ Picks WinnDevelopment for Housing Renovations
The Housing Authority of Plainfield, NJ, selected WinnDevelopment, the development arm of WinnCompanies, as its partner to renovate two of the city’s affordable housing communities. The project will modernize Richmond Towers, a 225-unit community offering low-income housing for seniors and disabled individuals, and Joanne Hollis Gardens, a 128-unit family housing community. The renovations will be...
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Affluent Private Investor Buys San Jose Multifamily for Cash
The Levin Johnston team of Marcus & Millichap negotiated the trade of Lakewood Court Apartments, a 48-unit multifamily community in San Jose, for an undisclosed sum. The team completed the sale on behalf of a private investor client, as part of a 1031 exchange. The buyer is a high-net-worth executive at a technology firm who purchased the...
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Fallon Hoists Final Beam on 21-Acre Fan Pier Development
The Fallon Company has topped off construction at One Harbor Shore, the final building in the company’s 21-acre Fan Pier master plan along the Boston waterfront. The mixed-use project contains more than three million square feet of residential, commercial, and public space including the 122-unit One Harbor Shore luxury condominium tower. “This milestone represents more than just...
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Notable Phoenician Hoping to Transform Office Project to Condos
The onetime owner of the Phoenix Suns is hoping to get the approval to demolish his office in order to build a 203-unit condo development. The Phoenix Business Journal reports Jerry Colangelo and his JDM Partners company have applied for a permit to raze a three-building 64,000 square foot office complex and want to replace...
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University Hills Developer Eyeing Expansive Mixed-Use Project
The Skyline Ranch owner is closing in on a development that would allow him to build a mixed-use project near the University of North Dallas. Robert Pitre hopes to move forward on a 65-acre development that would feature apartments, condominiums, and retail space. The earliest the project could appear before the Dallas City Council for...
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Silver Property Group Buys $22M Vintage Chicago MF Portfolio
Silver Property Group (SPG), a Chicago-based property management, development, and investment company, has closed on a 20-unit vintage neighborhood building located at 2200 N. Avers Ave. in the Avondale neighborhood of Chicago. This marks the sixth and final building acquired from Pioneer Acquisitions, a New York-based investment firm, as part of a broader 117-unit portfolio...
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Developer Duo Obtains $80.6M W. Palm Beach Apartment Financing
A developer team obtained construction financing for a mixed-use project on leased land in West Palm Beach. Woodfield Development and Flagler Realty & Development were winners of a request for purchase sponsored by the city of West Palm Beach. The South Florida Business Journal reports they agreed to pay $2 million to lease the land....
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Global Student Accommodation Lands $500M Refi on U.S. Portfolio
London-based Global Student Accommodation (GSA) closed on a $500-million senior loan facility with Wells Fargo Bank. GSA said the refinancing transaction strengthens its existing relationship with Wells Fargo and signals the continued demand among lenders for the U.S. student housing sector. The facility covers 23 assets in key university cities across 14 states. GSA entered...
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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