News
Marcus & Millichap Brokers Sale of Park MacArthur MF Property in Northwest DC
Marcus & Millichap announced the sale of Park MacArthur, a 17-unit multifamily property in Northwest Washington, D.C. The asset sold for $4.3 million. “Park MacArthur stood out in the market as a high-quality asset, professionally maintained by a well-respected seller and ideally located in the Palisades, just minutes from Georgetown,” said John Slowinski, associate director...
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AI Boom, Affordability Drive Rent Gains in a Handful of Apartment Markets
Even as September marked the 38th consecutive month of annual declines nationwide in apartment rents, two market cohorts are seeing rent gains, Realtor.com reported. The AI boom is spiking demand in the Bay Area, while affordably priced metro areas are reversing their annual declines. The strongest rent growth is in the Bay Area, where the...
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Greystar Opens New 416-Unit Community North of Boston
Greystar has begun to welcome residents to Juniper, its fifth apartment community in a formerly industrial neighborhood that the company is redeveloping north of Boston in Everett, MA. The 416-unit property at 201 Mill Road marks the final community delivered as part of Greystar’s $880 million transformation of the area now branded as the Everrett...
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Little Havana Apartment Owners Land $50.8M Refi
STRE Management and Lloyd Jones obtained a $50.8 million refinancing for The Vibe, a 194-unit luxury multifamily community located in Miami’s Little Havana neighborhood. JLL’s Capital Markets Debt Advisory team representing the borrower was led by Jesse Wright, Joshua Odessky and Luke Maganas. The group secured a five-year, fixed-rate CMBS loan. The project benefits from...
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Gilbane, Strada Development Break Ground on Affordable Tower in Castle Hill/Soundview
City and state officials joined Gilbane, Strada Development LLC and the Center for Urban Community Services (CUCS) to break ground on 1920 Turnbull, a $175-million affordable and supportive housing development located at 1920 Turnbull Ave. in the Castle Hill/Soundview neighborhood of the Bronx. 1920 Turnbull will deliver a 22-story building with 228 affordable rental apartments,...
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PCCP Provides $41M Refi on North Park Multifamily
PCCP has provided a $41-million senior loan to refinance Tenney North Park, a newly constructed, 125-unit multifamily property with ground-floor retail in San Diego’s North Park submarket. The loan was provided on behalf of owner and developer Foulger-Pratt and refinanced an existing construction loan. Built in 2025, Tenney North Park is an eight-story property located...
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Merchants Capital Secures $30M for 227-Unit Indianapolis Multifamily Development
Merchants Capital announced $30.7 million in forward-committed permanent financing for Central at Old Southside, a 227-unit 4% low-income housing tax credit multifamily development to be built in Indianapolis, Indiana, by The Annex Group. Merchants Capital secured a $30.7 million cash-backed Freddie Mac Forward TEL loan for the development. “The addition of more than 200 affordable...
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Essex Realty Group Closes Sale of Rogers Park Apartment Building
Essex Realty Group, LLC, announced the sale of 7319 N. Rogers Avenue, a 16-unit walk-up apartment building located in Chicago’s Rogers Park neighborhood, for $2.46 million. Essex Realty Group Managing Director Rick Ofman represented the seller, while Associate Tim Kavanaugh represented the buyer in the transaction. The property features renovated apartments, supplemental income streams, and...
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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