News
Northmarq Arranges Freddie Mac Loan for Upland Apartments
Northmarq’s San Diego Debt + Equity team led by Conor Freeman and Aaron Beck arranged a $34-million refinance of Northwoods Apartments, a 324-unit garden-style multifamily community located at 1662 W. Arrow Hwy. in Upland. Northmarq arranged the permanent-fixed financing on behalf of the borrower through the firm’s relationship with Freddie Mac. The permanent fixed-rate loan is structured as a 10-year term, with...
Learn more
Twin Cities Apartments Sell in Deal Brokered by JLL
JLL has closed the sale of Twelve 501 Apartments, a 336-unit multifamily community in Burnsville, Minnesota. JLL represented the seller, FPA Multifamily and secured the buyer, Osso Capital, marking their first-ever investment in Minnesota. The JLL Capital Markets team was led by Managing Director Josh Talberg, Director Joseph Peris and Associate Eli Smith. “The asset’s...
Learn more
Slate Property Group Closes $1B Separately Managed Account for Secured Residential Loans
Slate Property Group said Friday it has closed on a new Separately Managed Account (SMA) with up to $1 billion of capital dedicated to sourcing and originating lower-leverage senior secured residential construction and bridge loans. Loans for residential developments in high-growth, transit-oriented East Coast markets will be the primary focus. “The new SMA complements and further diversifies our...
Learn more
New-Condo Prices Fall Across Most Canadian Major Markets
Newly-built condo prices declined 4% year-over-year across nine major Canadian markets in the second quarter, Statistics Canada reported Friday. Toronto posted the steepest annual drop at 5.2%, followed by Vancouver at 3.8%, Victoria, B.C., at 3.2% and Ottawa-Gatineau at 2.9%, said the federal statistics agency. The Toronto decline came as the new-condo development market in...
Learn more
CBRE Arranges Sale of 134-Unit Issaquah Multifamily Complex for $55M
CBRE has arranged the sale of Langara, a 134-unit garden-style apartment and townhome community in Issaquah, Washington, for $55.1 million. CBRE represented the seller, JB Matteson, Inc., in the transaction. The buyer was not disclosed. Kyle Yamamoto, Eli Hanacek, Jordan Louie, and Natalie Kasper of CBRE’s Pacific Northwest Multifamily team represented the seller in the...
Learn more
Skender Starts Conversion of Magnificent Mile Office Tower Into Residences
Skender has started the 500 N. Michigan Avenue adaptive reuse project, a transformative conversion of a 400,000-square-foot office tower into 320 residential units on Chicago’s Magnificent Mile. Developed by Connecticut-based Commonwealth Development Partners and designed by GREC Architects, the 24-story building will be reimagined as a residential community, with completion targeted for late 2027. Originally...
Learn more
OHT Breaks Ground on 360-Unit Houston Rental Community
OHT Partners has begun construction of a 360-unit apartment complex called Park Row at 14192 Park Row Blvd. in Houston. OHT recently broke ground on another project, 5 miles to the west on Park Row Boulevard. Dubbed Park Row, it will have 11 three-story buildings, a clubhouse, a pet spa and a bike storage facility...
Learn more
AvalonBay, Equity Residential Will Operate as Vivmark Post-Merger
AvalonBay Communities, Inc. and Equity Residential announced Vivmark Residential as the name for the combined company resulting from their merger of equals. The new company, which expects to trade under the ticker symbol VMRK, will have a pro forma equity market capitalization of approximately $53 billion and an enterprise value of approximately $71 billion, with...
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