News
AJ Capital Previews Nashville Mixed-Use Venture
In 2023, AJ Capital Partners paid $87 million for Belle Meade Plaza at 4500 Harding Pike in Nashville and now redevelopment plans are taking shape. The company demolished the retail center anchored by Kroger’s and is close to breaking ground on its first project. The company unveiled details surrounding the mix of property types that...
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LM Pays $48M for Mooresville Warehouses
LM Real Estate Partners acquired Oates Crossing, a four-building industrial park in Mooresville, for $48 million. The purchase included 237,734 square feet of existing industrial space and around 8 acres for future development. Atlanta Property Group was the seller. The park is 99% leased to 15 different tenants. Oates Crossing is at 105 Corporate Center...
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Colliers Arranges Construction Loan for ED1 Project in Koreatown
The Los Angeles Colliers Mortgage Structured Finance Group, led by Jonathan Lee and Shahin Yazdi, arranged $24,600,000 in construction financing on behalf of Kingsley Project LLC, part of the broader Keren Group, for the development of a 100% affordable multifamily property located in Koreatown, Los Angeles. The financing for the 136-unit ED1 development represents 70%...
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Mixed-Use Project in Stonington Scores $41M Construction Loan
JLL Capital Markets arranged a $41.5-million construction financing for Stonington Village, a 160-unit mixed-use multifamily and retail development project in Stonington, CT. Managing director Henry Schaffer and director Madeline Joyce worked on behalf of the borrower, READCO, in arranging the five-year, fixed-rate loan through Liberty Bank. Stonington Village, located at 85 Voluntown Rd., will offer a mix of market-rate and...
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Greysteel Arranges Sale, Financing of Norfolk MF
Greysteel has closed the sale and loan transaction for Sherwood Forest, a 173-unit multifamily property located at 2803 Early Street in Norfolk, Virginia. Otto Snell, Director, of Greysteel exclusively represented the seller in the transaction, while Jack Whitman, “The sale of Sherwood Forest demonstrates how our team’s collaborative nature delivers exceptional results for our clients...
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Issaquah Apartment Complex Bought in Massive Deal
Timbers at Issaquah Ridge, an apartment complex in Issaquah, Washington, has sold for $135.5 million. New York-based Sterling Investors bought the property at 23425 SE Black Nugget Road, in one of the largest transactions in King County so far this year, reported the Puget Sound Business Journal. The seller is Denver-based Simpson Housing. Timbers offers...
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CIC Announces $322M in Funding for Affordable Housing
Community Investment Corporation (CIC) has announced a nearly $322 million commitment from 37 investor banks to CIC’s loan pool. The funding will support the acquisition and rehabilitation of thousands of units of affordable rental housing over the next five years. This commitment is part of a broader effort by Chicago’s financial community to drive economic...
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The Multifamily Fraud Problem and Combatting it: Q&A with 100’s Caren Maio
According to the National Multifamily Housing Council, 93.3% of apartment owners and operators experienced application, financial and identity fraud. Deception and dishonesty mean higher operating costs, which can be passed on to honest tenants through rental increases. Caren Maio is CEO and Co-Founder of 100, a multifamily fraud prevention software platform. She is also a...
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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