News
Interra Brokers North Side Mixed-Use Building Sale
Interra Realty has brokered the $9.625 million sale of 6930 N. Greenview Ave. in Chicago’s Rogers Park neighborhood. The vintage mixed-use building includes 66 apartments and five retail spaces. Interra Managing Partner Patrick Kennelly represented the buyer, the Mehmeti family. Interra Senior Managing Partner Joe Smazal represented the confidential seller. The building, including residential and...
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NYC Construction Pipeline is Fuller but Still Below Historic Average
New construction activity increased across New York City in the first quarter of 2025 while remaining below historic levels, the Real Estate Board of New York (REBNY) reported. Total proposed construction square footage of eight million in Q1 2025 represents a 26% increase quarter-over-quarter and year-over-year, yet the figure is 36% below the historic average...
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Schiff Urges Reinstatement of FEMA Grants for Earthquake Retrofits
The Trump administration canceled $33 million worth of federal funds meant to help pay for earthquake retrofits in California, sparking “grave concern” and a call to reconsider from Sen. Adam Schiff, the Los Angeles Times reported Wednesday. Schiff wrote to U.S. Homeland Security Secretary Kristi Noem urging that the funds be reinstated. “The cancellation of...
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Balfour Beatty Purchases 300-Unit Conroe Apartments
Balfour Beatty Communities acquired River Pointe in Conroe. This is the company’s second multifamily property acquisition in Texas this year, after purchasing The Leonard in Denton in February. It aligns with the division’s targeted expansion strategy for 2025. River Pointe is a 300-unit, gated, garden-style community. The property features a range of apartment configurations, including 1,...
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Logos Faith Secures Capital Commitment from Family Foundation
Logos Faith Development, a mission-driven real estate development firm specializing in transforming underutilized church land into community-centered affordable housing, has secured a capital commitment from a private, values-aligned family foundation to support the firm’s growing development pipeline. The foundation is committing $11.1 million in total investments across two components, including an equity investment into Logos and a revolving...
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Marcus & Millichap Arranges Sale of 48-Unit MF in Saint Paul
Marcus & Millichap has completed the sale of The Jax, a 48-unit multifamily property in Saint Paul, Minnesota, for $8 million. “The St. Paul market, and more specifically Lowertown, has seen an increase in sales over the past year,” said Chris Collins, first vice president investments. “Many investors find the basis to be attractive long...
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Longacre Acquires Related’s Simply Better Bronx Portfolio
(Updated with additional information) Longacre, a joint venture between Peter Hungerford’s PH Realty Capital and David Kaye and Joe Listhaus’s Rockledge, has acquired the Simply Better Affordable Housing portfolio from Related, reportedly for $196 million. The portfolio comprises 2,021 rent-stabilized units across 34 multifamily properties in key northern Bronx neighborhoods, including Kingsbridge, University Heights, Pelham...
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Gantry Secures $30M Loan for Kansas City Multifamily
Gantry has secured a $30.25 million permanent loan to refinance bridge financing for the Black Lark Apartments located at 1980 N. 2nd St. in Kansas City. Following its acquisition in December 2023, the garden-style property underwent a comprehensive renovation program. The now fully stabilized, market-rate apartment community features 265 units in one, two, three and...
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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