News
Evergreen Real Estate Group Breaks Ground on Three Housing Communities in Ohio
Chicago-based Evergreen Real Estate Group today announced it has broken ground on three affordable assisted living communities in Ohio, located near Dayton and Columbus. Construction is now underway on Green Oaks of Fairborn, located at 2124 Exchange Court in Fairborn, approximately 15 miles east of downtown Dayton. Work has also begun on Green Oaks of Grove City,...
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Greenstone Partners Brokers Two Chicago Multifamily Transactions
Greenstone Partners closed two multifamily transactions totaling $3.27 million across Chicago’s Wicker Park and Bridgeport neighborhoods. The transactions were facilitated by Greenstone Partners Partner Jordan Multack, with Director Jacob Goldstein also representing the firm on the Bridgeport transaction. The transactions include the sale of 1226 N. Greenview Ave. in Wicker Park for $2.245 million and...
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Community Roots Housing, Kids Co. Launch Buildout of Learning Center at Seattle Housing Development
Community Roots Housing and Kids Co. have begun construction on a new early learning center at CopperLeaf Northgate, one of Seattle’s newest affordable housing communities. The new 7,761-square-foot center and outdoor play area will transform the ground-floor space at CopperLeaf into a purpose-built early learning environment. The project also represents a historic milestone for Kids...
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CBRE Brokers Sale of Vintage Redlands Apartments
CBRE announced the closing of The Kimberly Apartments, a 54-unit multifamily investment at 475 E Cypress Avenue in Redlands, California. Sirott Investments is listed as the owner. Eric Chen and Blake Torgerson exclusively represented the buyer in this transaction. The property traded for $12,.3 million, reflecting $228,704 per unit and $144 per square foot, at a 5.71% current Cap Rate with...
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Torrance Apartments Trade for $350K/Unit
CBRE facilitated the $21 million sale of Tournament Patio Apartments, a 60-unit multifamily community located at 4111 West 239th Street in Torrance, California. That comes out to $350,000 per unit. CBRE’s Derrek Ostrzyzek, Anna Kampling, Rachel Parsons, Kenji Thomas and Mike Murphy represented the seller, JS Bower Foundation, in the transaction. The buyer was Good Capital Group. Tournament Patio Apartments is...
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JPI Adding 397 Apartments to City North Development
JPI is planning a 397-unit apartment complex at City North, the 100-acre master planned community near TSMC in North Phoenix. CityNorth is the fourth phase of multifamily at the mixed-use development. In addition to retail and office space, the master plan for the site contemplates a multi-phased development with eight multifamily buildings—a residential core with...
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Dwight Mortgage Trust Provides $70M Loan for Newark Multifamily
Dwight Mortgage Trust, the REIT affiliate of Dwight Capital, has provided a $70 million loan for Cosmo 440, a recently renovated, 216-unit multifamily tower in the Weequahic neighborhood of Newark, NJ. The borrower is an entity sponsored by Yisroel Berger. Commercial real estate finance firm Drew Capital arranged the non-recourse, interest-only loan, after previously sourcing...
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Knighthead Funding Provides $32M Refinancing for Newly Built MF in Glenview
Knighthead Funding provided a $32 million refinancing loan to The Drake Group for Cerca, a newly constructed, 62-unit multifamily community in downtown Glenview, Illinois, part of Chicago’s North Shore. The loan refinances a previous construction facility and provides proceeds to pay off the property’s preferred equity investor. JLL’s Daniel Gillard, Philip Galligan, Michael Gurwin, 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