News
Hoffman & Associates, Madison Marquette Sell The Wharf to PSP Investments
Hoffman & Associates and Madison Marquette have sold their stakes in The Wharf, a mile-long 3.5 million-square-foot megadevelopment waterfront neighborhood in Washington, D.C., to Public Sector Pension Investment Board (PSP Investments). PSP Investments, which has been a financial equity partner in the development since 2014, will own The Wharf in its entirety. Hoffman & Associates...
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Hudson, BRP Close on $343M Financing for South Bronx’s La Central
Hudson Companies and BRP Companies have closed on $343 million in financing for the second phase of La Central, delivering an Extremely Low & Low-Income Affordability (ELLA) housing development to the South Bronx. Set for completion in 2028, the project will deliver Buildings C and E to the La Central development, at 13 and 26...
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Houston Pegged for Modest Multifamily Rent Growth
A balance between supply and demand kept the average advertised in Houston asking rents flat three months through January, at $1,364. Should market conditions hold, Yardi Matrix expects year-over-year rent growth to be 2.2 percent for 2025. The metro’s average overall occupancy rate in stabilized properties remained flat year-over-year through January, at 92.6 percent. Employment...
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Z Life Breaks Ground on Las Vegas Residential, Hotel Project
Z Life Co. started work on a multi-tower project around the intersection of Coolidge Avenue and First Street in Las Vegas. The project includes condos, hotel rooms and apartments. The group is investing roughly $300 million in the venture. Midtown Plaza, as this first big segment of the broader development is known, will feature six...
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Georgia Tech Student Housing Replacing Campus Ministry Building
CCI Real Estate secured financing for a five-story, mixed-use project at 740 Techwood Drive, less than a block from the Yellowjackets’ football stadium. The $18-million construction loan from Southern States Bank allows developers to replace the longstanding Baptist College Ministries building with residential, retail, and ministry spaces. The project is moving forward in partnership with...
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Hialeah Apartment Developer Lands $105M Financing
MG Developer secured $105 million in construction financing for Metro Parc South, a 347-unit multifamily community in Hialeah, Florida. A Slate Property Group subsidiary, SCALE, provided the new loan. Located at 954 & 934 E 25th Street, Metro Parc South will deliver a mix of studios, one- and two-bedroom apartments. Scheduled to break ground in...
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PMG Secures $413M for Brickell Condo, Rental Project
With a $413 million construction loan in hand, PMG is ready to proceed with a twin-tower condominium/apartment venture in the heart of Brickell. The loan on One Twenty Brickell Residences covers financing for the condominium, multifamily, commercial, and parking components of the property. An Ares Real Estate fund and Monarch Alternative Capital provided the financing. JLL represented PMG...
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BRP Launches Leasing at Mixed-Income Jamaica Development
BRP Companies recently launched leasing at Ruby Square (formerly known as 90Ninety), a 614-unit, mixed-income residential development located at 166-20 90th Ave. in Jamaica, Queens. Corcoran New Development will be leading Ruby Square’s leasing efforts on behalf of building ownership. “The evolution of Downtown Jamaica and its vibrant culture has been rapid in recent years, and we are thrilled to...
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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