News
Bascom Refis Historic Apartments in LA’s Westlake District
The Bascom Group, LLC has completed an $8.5-million refinancing of The Charleston Apartments, a 133-unit historic multifamily community located in the Westlake neighborhood of Los Angeles. Michael Derk, Daizy Gomez, Linsey Farrahi and Zack Metzner of Marcus & Millichap Capital Corporation arranged the debt financing on behalf of Bascom. The loan was provided by CalPrivate Bank, represented by...
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CPC Mortgage Company Secures Financing for Michigan Workforce Housing Project
CPC Mortgage Company, a subsidiary of The Community Preservation Corporation (CPC), has structured an $8.018 million permanent loan for Riverbend at Capital, a to-be-built 80-unit affordable and workforce housing community in Battle Creek, Michigan. Developed by Edison Community Partners, Riverbend at Capital will transform a long-vacant former Kmart site into a new mixed-use community located...
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Berkadia Adds Experienced Multifamily Sales Team in Boston
Berkadia has added senior managing directors Kevin Gleason (pictured) and Brendan Shields and director Maggie McFarland to its investment sales platform in Boston. Gleason, Shields and McFarland specialize in multifamily investment sales and capitalizations across the New England region. With more than 40 years of combined experience in commercial real estate, they have completed more...
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JV Acquires Value-Add Escondido Multifamily
Institutional Property Advisors (IPA), a division of Marcus & Millichap serving the company’s institutional clients, closed the sale of Pacifica Palms Apartments, a 189-unit multifamily property in Escondido. The purchase price was $33.6 million. “The Escondido submarket has seen limited availability of multifamily assets of this size, making Pacifica Palms a rare, large value-add investment opportunity in a supply-constrained...
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Vivmark Residential Commits $1.5M to Support True Ground’s Affordable Housing Services
True Ground announced a $1.5 million commitment from Vivmark Residential, the company formed by the merger of AvalonBay Communities and Equity Residential. Through a new, four-year philanthropic commitment, Vivmark Residential is expanding its partnership with True Ground to help more individuals and families access stable, affordable homes. The partnership strengthens True Ground’s path toward 7,500...
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Habitat Reaches Milestones at Two Chicago Housing Projects
Habitat announced two significant milestones in its efforts to bring new mixed-use and mixed-income developments to Chicago. The Habitat Company, together with Cabrera Capital Partners, completed the financial closing for the first residential phase of the long-planned $127 million redevelopment of LeClaire Courts. The closing officially sets construction in motion for the mixed-income community, with...
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Millennium Partners Scores $856M Financing for Downtown Boston’s Winthrop Center
JLL advised Millennium Partners on a total of $856 million in financing across the residential and office components of Winthrop Center in downtown Boston. Executive managing director Riaz Cassum, managing director Andrew Gray, VP Robyn King and analyst David Mega worked on behalf of Millennium to arrange the 20-year, C-PACE residential inventory loan through Nuveen...
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Henry AI Raises $16.5M to Expand CRE Deal Automation
Henry AI Inc. has raised $16.5 million in Series A financing to expand its artificial intelligence platform for automating document-intensive work across commercial real estate transactions. FirstMark Capital led the round, with strategic participation from Thomson Reuters Ventures. Y Combinator, Susa Ventures, 1Sharpe, StoryHouse Ventures, Pioneer Fund, RXR Arden Digital Ventures, Karman Ventures and Coalition...
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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