News
VIC Partners Obtains Construction Loan for 268-Unit FW Workforce Rental Community
VIC Partners obtained a $36.5 million primary line of credit for the construction of Vic Centre, a 268-unit workforce-housing development at 7120 Anderson Blvd. in Fort Worth outside of Loop 820 and north of Interstate 30. The project is being developed by Vic Partners and M-13 Construction. OakNorth Bank will provide the loan as part...
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W Properties Mixing BTR and Garden-Style Apartments in Melissa
W Properties plans to build a 252-unit garden-style multifamily community on approximately 12 acres adjacent to Everbloom (shown), the company’s 343-unit build-to-rent community in Melissa, Texas. The company said it’s taking a different approach with garden-style apartments, a sector still working through elevated supply and concessions across North Texas. Texas multifamily permitting across its five...
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Cushman & Wakefield Arranges $250M Refinancing for 506-Unit Seattle MF
Cushman & Wakefield has arranged a $250 million refinancing for Museum House, a newly completed 506-unit multifamily community in Seattle, Washington. The Cushman & Wakefield Equity, Debt & Structured Finance team of Dave Karson, Christopher Moyer, Alex Lapidus and Meredith Crawford represented the sponsor, a pension fund, in arranging the financing. Barings provided the loan....
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Local Owner-Operator Snags Pico-Robertson Apartment Property
Marcus & Millichap closed the sale of 1476 S Shenandoah St., a 16-unit multifamily property in Los Angeles. The property sold for $5.3 million, or $334,937 per unit. “Properties like this rarely become available in Pico-Robertson, especially those that have been held by the same ownership for more than two decades,” said Sam Liberow, senior managing director investments. “After 23 years of ownership, the offering generated six competitive offers,...
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Brixton Capital Launches Multifamily Investment-Management Platform
Brixton Capital’s Residential division has launched an integrated multifamily investment-management initiative designed to help institutional investors, family offices, lenders, joint venture partners and other owners improve the performance and value of complex multifamily assets. The initiative combines Brixton’s institutional investment and asset management capabilities with the operating expertise of its affiliate, United Apartment Group. “We...
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Sr. Housing Developer Advancing 242-Unit Plano Independent Living Facility
While not a sure thing, Integrated Senior Lifestyles is getting closer to building a 242-unit senior housing project in Plano. The planning commission has okayed the venture, with only the city council to provide its okay for it to become final. The development is planned for construction near Ohio Drive and Park Boulevard at the...
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Gilbane, Purdue Fort Wayne Host Ribbon Cutting for 600-Bed Student Housing Complex
Gilbane and Purdue University Fort Wayne (PFW) celebrated the ribbon-cutting of Trace, a student housing complex on PFW’s North Campus, made possible through a public-private partnership. Located at 5104 Meeks Drive near Ginsberg Hall, the four-story, 213,000-square-foot apartment complex offers 601 beds across 176 units, ranging from studios to four-bedroom accommodations. Nearly half of the beds are...
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NYC Faces Shortfall of 700,000 Housing Units
New York City needs to add 700,000 new homes over the next decade to address its housing shortage, according to the draft Fair Housing Growth Strategy report issued by the city’s Department of Housing Preservation and Development (HPD) and the Department of City Planning (DCP). The report, mandated by the passage of Local Law 167...
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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