News
Federal Realty Sells Santana Row Apartments
(Updated with additional information) Federal Realty Investment Trust said Wednesday it had sold Levare, a 108-unit Class A residential building located within Santana Row in San Jose, for $74 million. Although Federal Realty didn’t identify the buyer, the Silicon Valley Business Journal reported it as a Hines affiliate. Delivered in 2011, the property was 95% leased at...
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Walker & Dunlop Arranges $22M in Equity for Old Town Development
Walker & Dunlop marked the groundbreaking on Parkside 5, the final 99-unit phase of the Parkside at Old Town development on Chicago’s former Cabrini-Green site. The Walker & Dunlop affordable housing team, led by Jennifer Erixon, syndicated Low Income Housing Tax Credits (LIHTC) and Illinois Donation Tax Credits on behalf of the client, Holsten Real...
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Tower Capital Arranges $79.5M Refi for Phoenix BTR Community
Tower Capital arranged $79.5 million to refinance an existing loan for the Village at Bronco Trail, a 354-unit BTR community at 29th Ave. and Sonoran Desert Dr. in the Phoenix market. The sponsor, Empire Group, commenced construction on the project in 2023 and will deliver units later this year. Tower Capital’s Kyle McDonough, George Maravilla,...
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DMG Tapped to Manage Third Phase of Noah Properties Development
Chicago-based Daniel Management Group (DMG) is now managing Encore at The Grove in River Grove, Illinois. The 120 units complete Noah Properties’ three-phase development in River Grove with a total of 367 units. The luxurious new property includes high-end finishes and resort-level amenities. “DMG is thrilled to continue our partnership with Noah Properties and manage...
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Haussmann Closes on Land for Mixed-Income West Harlem Apartments
Haussmann Development closed on a $7.5-million land purchase of 10,166 square feet for a new mixed-income development located on 16-20 Convent Ave. in West Harlem. The 10-story development will transform the vacant space into 75 apartments, including 15 affordable at 60% Area Median Income (AMI), with one- and two-bedroom layouts. This new development is Haussmann’s fifth project...
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Pennrose Partnership Breaks Ground on Office-to-Resi Conversion in Hartford
Pennrose, The Cloud Company, local officials and project partners marked the groundbreaking of Trinity Street Apartments, the redevelopment of two vacant, 1920s-era state office buildings in Hartford, CT into 104 mixed-income rental homes. The development team plans to begin welcoming residents in early 2027. Trinity Street Apartments will deliver 83 market-rate and 21 income-restricted units...
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Dwight REIT Finances Refi for Corpus Christi Apartment Owner
Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed a $36 million bridge loan to refinance La Joya by Azali, a 336-unit waterfront apartment community in Corpus Christi, TX. Loan proceeds will be used to retire existing debt, cover transaction costs, and fund reserves for the borrower, Alex Azali of Azali Homes. The property comprises 14 three-story...
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Mega Las Vegas Property On the Market
A prominent Las Vegas mixed-use development is up for sale. UnCommons, at an estimated $575 million, includes 500,000 square feet of modern office space, 91,000 square feet of curated retail space, 800 luxury on-site residential units, and 12.8 acres across three separate parcels. Construction broke ground in 2020 and was completed in April 2025. Matter...
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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