News
Berkadia Negotiates Multifamily Property Sale in Bellevue
Berkadia has brokered the sale of Edgewood Park, a 195-unit, garden-style multifamily property in Bellevue, Washington. Constructed in 1979 and 1980, Edgewood Park features 195 apartment homes. Managing Directors Ben Johnson and David Sorensen, Director George Pallis, Associate Director Peter Dudunakis, and Senior Managing Director Kenny Dudunakis of Berkadia Seattle led the transaction on behalf...
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Report: Converting Offices to Apartments Could Help DC Housing Shortage
Converting vacant office space into micro-apartments could help ease the shortage of available housing in Washington, D.C. and spur more growth in the city’s downtown area, according to a report released by Gensler and The Pew Charitable Trusts. American downtowns are facing a record 20% office vacancy rate with over one billion square feet of...
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Buckeye Okays Nearly 600 BTR/Apartment Units
200 Build-to-Rent (BTR) units and 394 apartment units are in Buckeye’s future. The town’s planning and zoning commission okayed the two requests in the city experiencing astounding growth. The town has grown 25% since the 2020 census…to 120,000 as of 2025. AZBEX reports that Dominium’s plan for a BTR community at Yuma and Apache roads...
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RFR Trades Fully Entitled Gowanus Site to Tavros and Charney
RFR has sold its development site located at 175 Third St. in Brooklyn’s Gowanus neighborhood. Tavros Capital and Charney Companies acquired the 139,865-square-foot parcel, among the largest development sites in the newly rezoned Gowanus submarket, for $160 million. After several years of pre-development stewardship, RFR sold the site as a fully entitled development opportunity. “We’ve always made our mark by...
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Caliber Reworking Two Phoenix Office Buildings
CaliberCos has been given a green light by the Phoenix City Council to convert two office buildings in north Phoenix into a 376-unit multifamily residential complex. The buildings total 323,000 square feet, and the site also includes a roughly 200,000-square-foot parking garage. The buildings at 2510 and 2515 W. Dunlap Ave. were built in 1989...
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Two FW Developers Converting Old Buildings into Apartment Communities
3L Real Estate and O-SDA Industries are each looking to transform old buildings in downtown Fort Worth into apartments. The Dallas Business Journal reports that 3L Real Estate purchased a 16-story, 300,000-square-foot building at 115 W. Seventh St. (photo) in downtown Fort Worth in 2023. The company plans to convert the building to 330 apartment...
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Pet Item Storage: An Oft-Overlooked Multifamily Amenity
Lindsay Steiner These days, adults moving into apartments are rarely alone. They might come with a partner or children, and many might also bring a four-legged feline or canine companion into their living space. Multifamily owner-operators are increasingly welcoming renters’ pets into their communities. “Owners and operators have become attuned to renters’ desires to pamper...
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Q&A with Berkadia’s Hilary Provinse: Navigating the Multifamily Investment Landscape in 2025
With multifamily investment continuing to evolve against a backdrop of higher-for-longer interest rates and overall volatility, industry experts are keeping a close watch on emerging trends. Following Berkadia’s recent reports, Multifamily Investor Sentiment Survey and Multifamily Powerhouse Poll Outlook, Hilary Provinse, Berkadia’s EVP – Production and Capital Markets, shares additional insights on investor sentiment, current...
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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