News
Two Merritt 7 Office Properties Set for Residential Conversion
CBRE completed the sale of 101 and 201 Merritt 7, two Class A office buildings totaling 511,318 square feet in Norwalk, CT on behalf of seller Merritt 7 Venture LLC. A joint venture of Saber-Hightower LLC, Granoff Real Estate & Wind River Holdings plans to convert the two buildings into M7 Lofts, a 286-unit luxury...
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New-Construction Quincy Apartments Sell for $13.5M
Marcus & Millichap finalized the sale of The Willard, a 30-unit multifamily property located at 510 Willard St. in Quincy, MA. The asset sold for $13.5 million. “The Willard is a newly constructed boutique luxury apartment building that offers investors a high-quality, turnkey asset featuring modern finishes, spacious floor plans, quartz countertops, in-unit laundry, and separately...
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Groupe Dumont Acquires 1,212-Unit Toronto Apartment Complex
Groupe Dumont has acquired The Oaks on the Green, a four-tower apartment complex containing 1,212 units in northwest Toronto. The property is located at 160, 170, 180 and 200 Chalkfarm Dr., near Jane Street and Wilson Avenue. Groupe Dumont described the purchase as one of Canada’s largest multifamily transactions this year. The price was not...
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Historic Edmonton Warehouse To Anchor 696-Unit Student-Housing Project
A historic downtown Edmonton warehouse will anchor a 696-unit student-housing development after the city approved plans for four six-storey residential buildings. ESH Housing plans to redevelop the Massey Ferguson Building site at 10616 103 Ave. NW and adjoining lands at 10609 104 Ave. NW. The project will incorporate the designated warehouse’s facades into the southern...
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Former Burned-Out Charlotte Apartments Trade for Nearly $500K/Unit
Mid-America Apartment Communities acquired Modera Liberty Row from Mill Creek Residential for $116.3 million. That works out to nearly $500,000 a unit. Mill Creek developed Modera Liberty Row in partnership with Hawthorne Residential Partners. It has 239 units across two buildings at 7740 and 7741 Liberty Row Drive. The development has been renamed MAA Liberty...
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Landmark Properties Delivers 1,261-Bed Student Housing Near USC Campus
Landmark Properties has delivered The Standard at Los Angeles, a 429-unit, 1,261-bed student housing community at 3900 South Figueroa St., 0.3 miles from the University of Southern California in Los Angeles. It represents Landmark’s second ground-up development in LA. Rising eight stories, the project was designed by HED, with Landmark Construction, the in-house construction arm...
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Inland Completes Equity Raise for St. Paul Opportunity Zone MF Project
Inland Real Estate Investment Corporation announced the completion of the approximately $28 million equity raise for Office Conversion Opportunity Zone, LLC, a private real estate investment vehicle structured to qualify as a Qualified Opportunity Fund and sponsored by an affiliate of Inland Investments. The offering has been fully subscribed and is now closed. The fund...
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Newmark Arranges $277M Loan for Urby/Rockpoint JV on Jersey City Apartments
Newmark arranged a $277-million construction loan on behalf of a joint venture between Urby and Rockpoint, for 201 Hudson – by Urby, a 748-unit multifamily development planned on the Jersey City waterfront. Co-head of Global Debt & Structured Finance Jordan Roeschlaub and vice chairman Chris Kramer, director Holden Witkoff and analyst Jack Fenton arranged the financing...
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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