News
Nearly Half Of GTHA New Condo Sales Are Discounted Bulk Deals
Toronto-area new condo sales are rising again, but nearly half of the buyers helping drive the recovery are investment groups purchasing blocks of completed units at steep discounts. Investment groups acquired 339 condos through bulk transactions across the Greater Toronto and Hamilton Area during the third quarter, accounting for 45% of the 760 new condos...
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Brampton Development Site Heads For Second Distressed Sale In Two Years
A Brampton development site proposed for 364 homes is heading toward its second distressed sale in less than two years, after a buyer financed by the property’s previous lenders defaulted on a $25M mortgage. Located at 0 Mayfield Rd. in the city’s northern Countryside Villages development area, the property was sold under power of sale...
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B.C. Needs Seniors Housing. Developers Are Building Elsewhere.
At Connect’s Vancouver Alternative Investments Conference, Najib Raie described a 500-unit seniors housing campus, including 256 long-term care beds, that could help address British Columbia’s growing need for seniors care. The problem: Prima Living is building it in Ontario. The company also has projects in the pipeline in Alberta. Raie, Prima’s president, said stronger government...
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High Street Residential, Barings Break Ground in Redwood City
High Street Residential, the residential subsidiary of Trammell Crow Company (TCC), and joint venture partner Barings have broken ground on a two-building, 501-unit multifamily development within the ELCO Yards mixed-use district of Redwood City. Both residential projects are scheduled for delivery in 2029. The first multifamily community, located at 1555 El Camino Real, will include...
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Somerville Apartment Portfolio Sale Sets Pricing Benchmark
Matthews represented the seller in the disposition of the Kingsley Orchard Realty Portfolio, located at 18 Day St., 49 Dover St. and 123 Orchard St. in Somerville, MA. VP Nick Jasinski facilitated the $39,000,000 transaction, reportedly the largest multifamily portfolio sale in the Davis Square submarket within the past 15 years. The buyer was not...
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PRC Acquires Downtown Richmond Apartments, Plans Seniors Housing
People Restoring Communities (PRC), an affordable housing development firm, announced the acquisition of Grace Street Apartments, an 11-story residential building located at 400 East Grace Street in downtown Richmond, Virginia. PRC, in a joint venture with The Delaine Companies and in partnership with the Richmond Redevelopment & Housing Authority (RRHA), plans to substantially rehabilitate the...
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Kennedy Wilson Eyeing School Site for Denver Apartment Community
Kennedy Wilson is pursuing a seven-story, 242-unit apartment development on Federal Boulevard, where the Family Star Montessori School stands today. The school plans to move to a nearby location in Lakewood. It needs the cash from the sale to Kennedy Wilson to facilitate the move. The Denver Business Journal reports the school bought the property...
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Endeavor Closes on $210M Texas-Centric CRE Fund
Endeavor Real Estate Group, an Austin-based investment and development firm, closed a $210 million private equity fund. Fund managers say the fund will have a particular focus on Texas. The fund will also be invested in a handful of other Sun Belt towns, such as Nashville, Charlotte and Salt Lake City. The $210 million fund is anticipated...
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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