News
Paladin Expands SoCal Workforce Portfolio with Bellflower Acquisition
Paladin Realty Partners LLC, has expanded its growing workforce rental housing portfolio in Southern California with the recent acquisition of Brownstone Apartments, a 17-unit apartment community located in Bellflower. Built in 1967, the property has nine one-bedroom units, seven two-bedroom units and a studio unit. As with its previous SoCal workforce housing investments, Paladin intends...
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Walker & Dunlop Arranges Refi on Newly Built Bed-Stuy Multifamily
Walker & Dunlop, Inc. arranged a $137.5-million refinancing for 12 Halsey, a newly completed Class A mixed-use multifamily property located in Brooklyn’s Bedford-Stuyvesant neighborhood. Walker & Dunlop Capital Markets Institutional Advisory advised EJS Group and Hope Street Capital in arranging the three-year, floating-rate financing with AllianceBernstein. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Diaz, Michael Ianno, and Cole...
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IPA Team Closes Sale of Pomona Multifamily
Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, closed the sale of Terramonte at Foothill, a 138-unit multifamily asset in Pomona. The $36.7-million sale price represents $265,942 per unit. “The sale is one of only four 100-plus-unit, market-rate multifamily transactions to have occurred in Pomona over the past five...
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BFC, SAA Canopy Land $269M Financing for Syracuse Redevelopment
BFC Partners and SAA Canopy Group have closed on a $269-million construction loan to transform the long-standing Parkside Commons housing complex on Syracuse’s East Side. The project will deliver a total of 393 affordable apartments through a combination of renovated and newly constructed housing. “Our mission at BFC is to create high-quality affordable housing that enhances the quality of...
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Clarion Partners Acquires Rohnert Park Senior Living Property
Clarion Partners has acquired Clearwater at Sonoma Hills, a 94-unit senior living community in Rohnert Park, for an undisclosed amount. The acquisition continues the firm’s investments in high-quality senior housing assets located in attractive, supply-constrained markets with strong long-term demographic fundamentals. The transaction was arranged by CBRE, whose seniors housing investment sales team John Sweeny,...
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Marcus & Millichap Arranges Sale of Chicago Mixed-Use Property
Marcus & Millichap arranged the sale of 5655 West Fullerton Avenue, a mixed-use property featuring 24 multifamily units and four retail suites, in the Belmont Cragin neighborhood of Chicago. “Belmont Cragin continues to attract investor interest due to its strong transportation connectivity, with convenient access to Interstate 94, the Hanson Park Metra Station and downtown...
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HPD Selects Development Team for Hunter’s Point South Parcel
A development team of Slate Property Group, The Hudson Companies and Volunteers of America–Greater New York was selected to build nearly 1,000 apartments on a long-vacant lot in the Hunter’s Point South neighborhood of Long Island City, Queens. To be known as The Orion, the three-building, $700-million project will designate 658 of its rental units...
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Northmarq Sources $52M in Financing for Indiana Apartments
Northmarq’s Debt and Equity team, led by Annamarie Bjorklund and Cody Field, arranged $52.15 million in debt and equity capital for Maple Knoll Apartments, a 300-unit garden-style multifamily community at 500 Bigleaf Maple Way in Westfield, Indiana. Northmarq arranged the debt and equity on behalf of the borrower, Hudson Investing, through a repeat equity partnership...
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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