News
Tax Legislation’s Impact on Apartment Owners
The current federal tax regime can have significant implications, positive or negative, for multifamily owners. Congress is working through a number of tax-related measures this spring, and they include renewal of existing provisions for businesses such as commercial real estate. Connect CRE spoke with Warren L. Dazzio, EVP with CSSI, for a comprehensive overview of...
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Red Oak Capital Holdings Provides Bridge Loan for Philadelphia Midrise
Red Oak Capital Holdings, LLC, has provided a $9.225-million bridge loan for the Ridge Avenue Apartments, a newly built residential community in Philadelphia. The loan will pay off the construction loan and fund the project’s final phase, bringing it to completion. The two-year, interest-only loan carries has an LTSV of 55.64%. The borrower, Echo Philly...
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Raintree Partners Invests $225M in San Diego Resi Development
With an investment of more than $225 million in the San Diego housing market, Raintree Partners is developing three new contemporary Class A multifamily communities in San Diego County. Totaling 498 units, the luxury properties encompass the 107-unit Treehouse under construction in Bankers Hill; the 189-unit Flora + Fauna, also under construction in Bankers Hill; and...
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Lupoli Breaks Ground on 2M-SF Redevelopment of IBM Office Campus in Littleton
Lupoli Companies has broken ground on King Street Common, a 50-acre mixed-use development on the site of former IBM office buildings at 550 King St. in Littleton, MA. The project will be built in phases through 2037, starting with one residential building and one commercial building, the Boston Business Journal reported. King Street Common is...
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Parkspring to Debut 372-Unit Waco Rental Property
Parkspring Multifamily is set to break ground on Commons at Cottonwood Creek, a 372-unit garden-style community in Waco. Located at 2221 Creekview Drive within the Cottonwood Creek master-planned development, the project marks Parkspring’s debut in the Waco market. Commons at Cottonwood Creek will offer a mix of one- and two-bedroom apartment homes ranging from 754 to...
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Ft. Worth’s Evans and Rosedale Project Taking Shape
It’s had a few false starts, but the developer chosen by the City of Fort Worth to construct the Evans and Rosedale project is moving ahead on the mixed-use project that will include affordable housing, restaurants, a grocery store, a fitness center and a retail center. The Dallas Business Journal reports the town selected Royal...
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Work Underway on 20-Story Raleigh Tower
Kane Realty Corporation, in partnership with Mitsui Fudosan America (MFA), broke ground on The Strand, a 20-story mixed-use residential tower in Kane’s planned mixed-use district. With views of North Hills and Downtown Raleigh, The Strand will introduce 362 luxury rental units, including penthouse homes, and nearly 9,000 square feet of ground-level retail space. A 6th-level...
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Orlando Sr. Housing Developer Closes on $134M Bond Financing
Trinity Community Development Foundation (TCDF), owned by Trinity Broadcasting Network, has obtained $134 million in tax-exempt bond financing for Millenia Moments Orlando, a 261-unit seniors housing community to be built in Orlando. JLL Securities and HJ Sims, in collaboration with JLL Capital Markets’ Seniors Housing team, secured the fixed-rate financing with a final maturity of...
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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