Chicago-based 29th Street Capital, a real estate investment and management firm, and Willton Investment Management have acquired the Fenwick Apartments, a 311-unit multifamily community in Silver Spring, Maryland. Built in 2014 and currently 96.8% occupied, Fenwick represents a high-quality, institutionally owned asset in an affluent submarket in the Washington, D.C. metro area. Located just three...
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Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, closed a $48-million construction loan for GH 25, a planned 114-unit mixed-use multifamily development located in San Diego’s Golden Hill neighborhood. The loan will be used alongside sponsor equity to fund construction, establish an interest reserve and cover transaction costs for the borrowers. The eight-story project will span 20,000...
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Octagon Finance has provided a $68 million Unitranche loan to support the construction of Altitude on Main, a transformative 302-unit, 17-story mixed-use development in downtown Richmond, Virginia. The project is developed by Nick Patel with Kalyan Hospitality and Steven Walker with RPC Capital. This exciting project will revitalize a historic office building at 801 East...
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Healthpeak Properties, Inc. and Hines have formed a long-term partnership to develop the residential components of Healthpeak’s Cambridge Point master-planned district in the Alewife neighborhood of Cambridge, MA. Hines will lead the residential development in coordination with Healthpeak as master developer. Hines and its partners will capitalize the residential developments. Plans call for commencing construction...
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Arrow Real Estate Advisors secured a $125-million construction loan from iCross Capital on behalf of Z.D. Jasper Realty for luxury residential condominiums at 45-40 Vernon Blvd. in Long Island City, Queens. The financing was secured by Arrow founder and managing partner Morris Betesh, SVP Omar Ferreira and associate Jacob Petrovic. The former Paragon Paint Building...
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Schertz is slated to open three significant developments, two rental communities. The town, NE of San Antonio, is like many Texas towns…rapidly growing. It has 43,000 residents and adding more every day. Community Impact reports Aviator 1518 is nearly available for tenants. The affordable project at 9120 E. FE 1518 N. will have 300 units...
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Trailbreak Partners will soon break ground on Kaia Residences, their newest 295-unit rental community with 19 affordable units. The 18-story, $160 million project features a mix of studio to three-bedroom apartments, street-level retail, and wellness-focused amenities, including a Nordic cold plunge and sauna, as well as services such as massage and acupuncture. Affinius Capital originated...
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Carbon Companies and Greenway Investment Company secured a loan for approximately $125 million to finalize the large-scale, luxury multifamily development, The Links on PGA Parkway, in Frisco, Texas. The loan, arranged by the Carbon Companies team, will be used to complete the final phases of the four-phase, 38-acre development. The Links on PGA Parkway is located at 15950...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
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