News
Shopoff Sells Site of Proposed Newport Beach Condo Development
Shopoff Realty Investments has sold a proposed 1.06-acre condominium development, Park Palm in Newport Beach, to Shea Homes for an undisclosed sum. The property is part of Shopoff’s master plan community, Uptown Newport Village, and is entitled for 23 townhomes. Shopoff acquired the 25-acre Uptown Newport Village site in December 2010. The firm set out...
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JLL Lists Staten Island Waterfront Development for $45M
JLL Capital Markets has been retained by Traingle Equities as sales advisor for Lighthouse Point, a newly completed, transit-oriented, Class A multifamily waterfront development located at 5 Bay St. in the St. George neighborhood of Staten Island. The asking price is $45 million. Lighthouse Point is a mixed-use development situated adjacent to the Staten Island...
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Lightstone Capital Originates Senior Loans for Two San Diego Multifamily Properties
Lightstone Capital, Lightstone’s real estate debt platform, recently closed three originations totaling $70 million across California and Texas. The financings include two multifamily communities in the San Diego region and an industrial property in the greater Houston logistics corridor. In California, Lightstone Capital originated a senior loan for Kaya Apartments, a 78-unit multifamily community at 2700 Third Ave. in San...
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Elysium’s 70-Storey Rental Tower Wins Toronto Approval
Toronto City Council has approved one of the city’s tallest purpose-built rental developments, clearing Elysium Investments’ plans for a 70-storey tower at 164-168 Isabella St. The 228.5-metre building will contain 599 apartments, including 50 replacement rental units, on a roughly 0.46-acre property near Sherbourne subway station. Its height places it well above most Toronto rental...
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Tigerbay Files Plans For Britannia Beach Surf Park
Tigerbay Development has submitted plans for a seven-acre artificial surf park that will anchor a 1,050-home master-planned community along British Columbia’s Sea-to-Sky Corridor. The proposed Wavegarden facility at South Britannia is expected to become Canada’s first full-sized artificial surf park. It would produce as many as 1,000 waves per hour, offering conditions for beginners through...
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Oxford Capital Sells Seven Ontario Seniors Housing Properties
Chicago-based Oxford Capital Group has sold seven seniors housing properties in Ontario, reducing its provincial portfolio from 15 retirement homes to eight. The buyer, sale price and properties included in the transaction were not disclosed. Oxford also did not provide the number of suites, closing date or information about future management of the residences. The...
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RioCan Nears Completion Of $1.3-Billion Residential Exit
RioCan has sold or conditionally agreed to sell $1.26 billion of RioCan Living assets and expects to surpass its $1.3-billion capital-repatriation target as it concentrates its business on retail properties. The real estate investment trust has effectively reached the target it established for 2025 and 2026, president and CEO Jonathan Gitlin said during RioCan’s second-quarter...
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Bell Partners Expands Greater Boston Presence with Reading Property
Bell Partners has acquired Reading Commons, a 204-unit apartment community completed in 2006 and located in Reading, MA, roughly 30 minutes north of downtown Boston. The deal brings the multifamily investment manager and operator’s Greater Boston ownership and management portfolio to more than 1,450 units. Located near Interstate 93 and Route 128, the property has been...
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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