News
Paterson Apartment Community Changes Hands
EOM Equity has acquired a 100-unit apartment community in Paterson, NJ, from Redwood Associates, an affiliate of Value Companies, Inc. JLL Capital Markets facilitated the sale of the 99% occupied community, Valley View Apartments. Built in 1965, the property is located at 149 Katz Ave. and features 79,661 rentable square feet across a mix of...
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Northmarq Brokers Record Multifamily Sale in Wichita
Northmarq’s Investment Sales team of Benjamin Davis, Jeff Lamott, and Casey Wilhm, arranged the sale of Union Mill, a 301-unit luxury garden-style apartment community located at 2023 N. Broadmoor Ave. in Wichita, Kansas. Northmarq represented the seller, TLC Properties. The buyer was UM Apts, LLC. The transaction represents the largest multifamily sale in Wichita’s history....
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New York City Sees Nation’s Fastest Multifamily Rent Growth
The Big Apple leads the nation in apartment rent growth, bolstered by high occupancy and limited supply. New York City saw multifamily asking rents rise 5.6% year-over-year in June, the highest growth rate among major markets in the U.S., according to a recent report by Yardi Matrix. Manhattan’s overall average asking rent led the nation...
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Gantry Secures $21M for Pacific Northwest Multifamily Assets
Gantry has secured $20.7 million in permanent loans to refinance maturing debt for two Pacific Northwest multifamily communities in Washington and Oregon. The subject loans include a $13.3 million loan for the 134-unit Boxcar Apartments located at 15 N Grant Street in Spokane, and a $7.4 million loan for the 70-unit Treehouse Apartments located at...
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Wittington Starts Demolition For 1.36M-SF St. Clair Place
Wittington has begun demolishing properties at the northeast corner of Yonge and St. Clair, clearing part of a full city block for the planned St. Clair Place redevelopment. The 1.36M-SF mixed-use project is slated to bring four buildings and about 1,360 homes to Toronto’s Deer Park neighbourhood. The development site covers 1481-1535 Yonge St., 1-31...
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Work Wraps Up on 74-Story Austin Mixed-Use Tower
Lincoln Property Co. and Kairoi Residential wrapped up construction on Waterline, the Lone Star State’s tallest tower, rising 74 stories in downtown Austin, Texas. The mixed-use property features 352 multifamily units across 33 levels, 703,000 square feet of office space spanning 24 floors and 252 hotel keys taking up 13 stories. Multihousing New reports Waterline...
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Woodfield Starts Deliveries of 325 Beltline Rental Units
Woodfield Development has begun residential deliveries at Woodrow House as the community’s first build-to-rent townhomes are completed along the Atlanta Beltline’s Westside Trail. It marks the opening phase of the 325-home mixed-income community and the beginning of residential occupancy. The venture will include apartments, build-to-rent units and live/work residences. The initial delivery includes 25 townhomes, representing the first homes...
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Terra Lands $245M Financing for Newly Completed Upland Park Development
Terra secured a $245 million bridge loan for the newly completed first phase of Upland Park, a $1 billion, 47-acre mixed-use transit-oriented development in West Miami-Dade County. The loan was provided by SCALE Lending, the debt financing arm of Slate Property Group. SCALE provided the financing following the completion of the 578-unit multifamily community, which...
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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