News
Pearlmark Offloads 216-Unit Bradenton Apartment Community
Pearlmark has sold ShoreView Waterfront Apartments, a 216-unit Class A waterfront multifamily community located at 1161 3rd Avenue N in downtown Bradenton. Berkadia’s Matt Mitchell and Chris Burtner of Berkadia Florida arranged the sale on behalf of Pearlmark, which acquired the property through a mezzanine lender foreclosure before broadly marketing the asset for sale. The...
Learn more
Turnbridge Acquires Raleigh Apartments, Upgrades on Way
Turnbridge Equities acquired the 320-unit Skyhouse Raleigh, a multifamily community in downtown Raleigh. ACORE CAPITAL provided a $62 million first mortgage on the property. Equity for the transaction was provided by Turnbridge. Northmarq brokered the sale and arranged the debt financing. World Wide Group was the seller. In a Turnbridge release, the company asserts that...
Learn more
Saratoga Capital Pays $98.4M at Auction for Atlanta Apartment Community
Saratoga Capital Partners bought the 336-unit Generation Atlanta community on Centennial Olympic Park Drive for $98.4 million in a foreclosure auction. Frankforter Group was the building’s previous owner. In late 2021, Frankforter bought the project from Kaplan Residential for $126.9 million, then a record sale. The Atlanta Business Chronicle reports that since then, Frankforter has...
Learn more
Cardone Capital Pays $89.9M for 282-Unit Naples Multifamily Community
Cardone Capital paid $89.9 million for Orchid Run, a 282-unit apartment development in Naples, Florida. The Inland Real Estate Group of Companies was the seller. Berkadia’s Matt Mitchell and Chris Burtner arranged the sale on behalf of The Inland Real Estate Group. Completed in 2015, Orchid Run is located at 10991 Lost Lake Drive in...
Learn more
Newmark Closes Note Sale on San Pedro Adaptive Reuse
Newmark arranged the sale of a note secured by Topaz Tower, a fully entitled adaptive reuse development project located at 222 W. 6th St. in San Pedro. The 12-story, 309,732-square-foot office tower is entitled for conversion to 246 market-rate multifamily units. Executive managing director Ryan Plummer, co-head of U.S. Capital Markets Kevin Shannon, vice chairman...
Learn more
Domain Lines Up $176M Financing for Mixed-Income Astoria Rentals
The Domain Companies has closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in Astoria, Queens. Domain’s equity partners on the deal are Canyon Partners Real Estate and BLDG Management. The financing was brokered by Chris Peck and Nicco Lupo of...
Learn more
JLL Arranges Sale of Two Twin Cities Seniors Housing Properties
JLL has arranged the sale of Boulder Ponds Senior Living and Round Lake Senior Living, a 216-unit portfolio of seniors housing communities located in Lake Elmo and Arden Hills, Minnesota. JLL’s Seniors Housing Capital Markets team represented the seller, Trident Development, in the transaction and secured the buyer, LTC Properties, Inc. Lifespark will remain the...
Learn more
Debbie Pomerantz Launches Independent Multifamily Brokerage
Veteran multifamily investment brokerage professional Debbie Pomerantz has launched an independent commercial real estate brokerage firm, DLP Real Estate. The firm’s debut aligns with the $13.25-million sale of Raritan Riverside, a newly constructed, 42-unit luxury multifamily community located at 21 Orlando Dr. in Raritan, NJ. Pomerantz represented the unnamed seller and procured the buyer. The newly completed Raritan Riverside offers a mix of...
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