News

Affinius Provides $148M Refi on San Diego Highrise

California & West + Apartment Buildings

Affinius Capital LLC closed on a $148.5-million loan to refinance 800 Broadway, a Class A, highrise multifamily property in San Diego featuring 389 units and 4,830 square feet of commercial space. The loan was made to an affiliate of Diamond Realty Investments, Inc. and was arranged by a Northmarq team led by James Currell. “800...

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Berkadia Arranges $61M Refi for Chestnut Hill Realty

Boston & New England + Apartment Buildings

Berkadia closed the $60.8-million refinancing of Waterfall Hills at Canton, a garden-style multifamily property located at 55 Waterfall Dr. in Canton, MA. Managing director Robert Lipson of Berkadia New York secured the loan through Freddie Mac on behalf of the sponsor, Boston-based Chestnut Hill Realty Investments. “Chestnut Hill Realty, Freddie Mac, and Berkadia share a...

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NMHC Quarterly Survey Points to Improving Market Conditions

Apartment Buildings

Despite volatility stemming from changes in U.S. trade policy over the past two weeks that affected the outlook of multifamily industry executives, market sentiment captured in the National Multifamily Housing Council’s (NMHC’s) latest Quarterly Survey of Apartment Market Conditions largely pointed to improvements over the past three months. The Debt Financing, Sales Volume and Market...

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Legacy Partners, DWS Launch Construction on Torrance Apartments

California & West + Apartment Buildings

Legacy Partners, a privately held national real estate firm, partnered with DWS Group, a leading global asset manager, to announce the start of construction for Soto, a 200-unit apartment community in Torrance. It represents the fourth project on which Legacy and DWS have teamed. Located at 3863 Carson St. adjacent to Del Amo Fashion Center, the five-story community’s exterior...

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Development Partnership Unveils Renderings for Sunset Park Mixed-Income Housing

New York & Tri-State + Apartment Buildings

The partnership of Ailanthus, BEB Capital and SK Development revealed new project renderings for One Sunset, a 193,000-square-foot, 14-story, 187-unit mixed-income housing and retail development located at 201 E. 25th St. in Brooklyn’s Sunset Park neighborhood. To accompany the release of the new imagery, One Sunset’s teaser website has launched. “We are thrilled to unveil this ‘first look’ at One Sunset, our...

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Oxford Capital Group Acquires Eleven Minnesota Senior Housing Properties

Chicago & Midwest

Oxford Capital Group has acquired eleven seniors housing properties totaling 489 units in the Minneapolis area and northern Minnesota. An affiliate of Oxford acquired the properties from an independent operator. Oxford’s senior housing management affiliate, Oxford Living US, LLC, will manage the properties. Oxford will invest several million dollars in the coming years, enhancing the...

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Tishman Speyer Pays $96M for Montclair Apartments

New York & Tri-State + Apartment Buildings

Tishman Speyer has acquired Two South Willow, a 200-apartment building located in downtown Montclair, NJ, 12 miles west of Manhattan. The company paid $96,150,000 for the 172,279-square-foot multifamily property, located at 2 S. Willow St. Completed in 2021, the property features 180 market-rate and 20 affordable units ranging in size from studio to two bedrooms. “Two...

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Berkadia, Live Oak Bank Close $102M for Vancouver Senior Living

Seattle & Northwest

Berkadia’s Managing Director, Jay Healy, and Director, Andrew Lanzaro of Berkadia Seniors Housing & Healthcare, have closed a $102 million bridge loan in partnership with Live Oak Bank for The Park at University Village and The Inn at University Village, a 263-unit independent and assisted living community located in Vancouver, Washington. The community, which opened...

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