News
SmartCentres Shifts Near-Term Growth To Retail As Highrise Plans Recede
SmartCentres plans to start or deliver roughly three shopping-centre projects annually as it directs more of its near-term growth toward retail and pushes back highrise development on about half a dozen properties. Chief executive Mitchell Goldhar said the annual pace is a reasonable planning estimate and could prove conservative. “I think that would be a...
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Toronto Rental Development Breaks Ground On Former Funeral Home Site
Construction has started on two connected rental developments on Danforth Avenue in Toronto that will combine market, affordable and rent-controlled housing with a permanent home for a French-language theatre company. The projects are located at 1095-1111 Danforth Ave. and neighbouring 1117 Danforth Ave. Earlier City of Toronto approvals identify a combined 380 apartments, although the...
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BST Canada Acquires 487 Toronto Rental Apartments
BST Canada has acquired three Toronto apartment buildings containing 487 rental units in a transaction valued at approximately $143.8 million. The portfolio is made up of a 194-unit building at 775 Steeles Ave. W., a 164-unit building at 8 Godstone Rd. and a 129-unit building at 640 Lauder Ave. The Toronto-based investor said the highrise...
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Mesa West Capital Originates $52M Refinance for Seattle-Area Apartments
Mesa West Capital has provided Timberlane Partners with a $52 million short-term, first-mortgage loan to refinance Sumner Mill Apartments, a 162-unit multifamily community in Sumner, Washington. Delivered in 2024 by the sponsor, Sumner Mill Apartments is a 3.89-acre garden-style community located at 5816 162nd Avenue East with a mix of studio, one-bedroom and two-bedroom apartment...
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Berkadia Arranges Recapitalization of MF Within Chicago MSA
Berkadia announced the recapitalization of Enclave at 127th, a 340-unit value-add apartment community in Plainfield, Illinois. Senior Managing Directors Gordon Reynolds and Brian Myers of Berkadia Strategic Capital and Pete Evans of Berkadia Chicago; Senior Director Richard Evans of Berkadia Milwaukee; Associate Director Brad Mori of Berkadia Chicago; and Vice President Conner Adkins of Berkadia...
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RXR-Led Team Lands Construction Financing for 301-Unit Denver Rental Community
RXR, together with Halpern Real Estate Investments, Korman Communities and Invent Development Partners, secured $125 million in construction financing for AVE Station House, a 301-unit luxury multifamily development in Denver, Colorado. The property was financed with a $100 million senior loan from Madison Realty Capital and a $25 million mezzanine loan from an insurance company. ...
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Charleston Waterfront Redevelopment Opportunity Hits the Market
A major waterfront redevelopment opportunity is being brought to market in downtown Charleston. JLL has been selected by the Dockside Association as exclusive sales representative for Dockside on the Peninsula (Dockside), a 3.31-acre site with nearly 300 feet of Cooper River frontage, a private concrete pier and prime positioning along Charleston’s renowned dining, hospitality, retail...
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Milestone Group Trades Kendall Apartment Complex for $109M
Harbor Group International has bought Emerald Palms, a 505-unit garden apartment complex near Zoo Miami in Kendall, for $109 million. The seller was Milestone Group, which paid $107 million for the same property in 2021. The South Florida Business Journal reports the buyer assumed the seller’s mortgage, which Berkeley Point Capital restated at $97 million,...
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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