News
Multifamily Deal Closes in Chicago’s South Suburbs
Interra closed a $12.55 million multifamily transaction involving the Hickory Oaks Apartment Complex in Lansing, Illinois. Michael Duckler represented both the buyer and seller in the transaction. The buyer, SpringView Investments, led by Harold Willig, has an established presence throughout Chicago’s Southland and a long track record of investing in and managing residential properties in...
Learn more
Levin Johnston Team Closes Belmont Apartment Sale
Marcus & Millichap arranged the sale and financing of Carlmont Hills Apartments, a 16-unit multifamily property located at 2401 Carlmont Dr. in Belmont. The property sold for $5.75 million or $359,375 per unit. Marcus & Millichap Capital Corporation (MMCC), a subsidiary of Marcus & Millichap, arranged $3.8 million in acquisition financing. “Carlmont Hills Apartments offered the buyer an opportunity to acquire a well-maintained asset with meaningful upside through continued...
Learn more
REBNY Calls for Pause on Pied-a-Terre Tax to Clarify Implementation
The Real Estate Board of New York (REBNY) on Tuesday called for a pause on Mayor Zohran Mamdani’s pied-a-terre tax, testifying before the City Council that “more careful thought and time are needed if this law is to be fairly implemented.” The law, which took effect on July 1 and sunsets in 2031, imposes an...
Learn more
Vivmark Residential Launches with $70B Enterprise Value
Shares of Vivmark Residential were up Tuesday afternoon following the launch of trading on the New York Stock Exchange under the VMRK ticker. The merger of equals between Equity Residential and AvalonBay Communities, creating an apartment REIT with a market capitalization of $51 billion and an enterprise value of $70 billion, was finalized Monday. “Our...
Learn more
Developer Eyeing 143-Acre “Italian Village” in Prosper
BlackStone Communities is prodding the town of Prosper to adopt its plans to recreate an Italian Village. The Marco, a proposed 143-acre mixed-use development, is slated for the northeast corner of the Dallas North Tollway and US 380. Community Impact reports plans for the development include a public square, retail, single-family and multifamily housing, a performing...
Learn more
Florida Tech Opens $96 Million Student Dorm
Florida Tech has opened the doors of a six-story, 556-bed student housing complex on the Melbourne campus. It was funded through $96.1 million in municipal bond financing. Dubbed Crimson Crossing, it was built using a Public-Private Partnership (P3) model with Servitas Development. It took 15 months to build. The majority of the apartment-style units in the complex will be four-bedroom,...
Learn more
107-Unit Charlotte-Area BTR Community Changes Hands
Blaze Capital Partners offloaded the Charleston Row Townhomes, a 107-unit townhome property in Pineville, North Carolina. Blaze Capital Partners and Argosy Real Estate Partners acquired the asset in July 2022 for $32 million. The property was 98% occupied at the time of sale. Berkadia’s Caleb Troop, Thomas Colaiezzi and Matt Robertson and Drew Kwiatkowski of...
Learn more
Princeton Developer Obtains Financing for Phase III of 374-Unit Rental Community
Aconcagua Group obtained a $35 million construction loan for the third and final phase of development for Casa Princeton, a multifamily residential community located at 12867 SW 248th Street in Princeton, Florida. S3 Capital provided the loan. Berkadia arranged the financing with a team led by Charles Foschini and Christopher Apone. T&G Constructors, the general contractor for...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout