News

Veranda-Austin
Investment SalesNewsTexas

Joint Venture Buys East Austin Asset From Wayfinder Real Estate

by Lynn Peisner

AUSTIN, TEXAS — Missio Capital and Bow River Capital have acquired Veranda, a 362-unit community at 7205 E. Ben White Blvd, seven miles southeast of downtown Austin. The seller was Wayfinder Real Estate, which developed the asset in 2024. The sales price was not disclosed. Newmark arranged the sale on behalf of the seller with a team led by Patton Jones and Andrew Dickson. Newmark’s Adam Randall and John Wesley-Gibson arranged debt financing for the buyers. Veranda is made up of one-, two- and three-bedroom apartments and townhomes. Amenities include …

Continue Reading
0 FacebookTwitterLinkedinEmail
PARK-PLACE-APARTMENTS
FloridaInvestment SalesNews

CGI Sells ‘Special Situation’ Orlando Asset to RMR Residential

by Lynn Peisner

ORLANDO, FLA. — CGI+ Real Estate Investment Strategies has sold Park Place in Orlando to RMR Residential. A sales price was not disclosed. CGI acquired the 275-unit asset in 2021 for approximately $69 million. At that time, the seller was facing costly insurance and construction issues following a lightning strike that sparked a fire and destroyed two buildings housing about 15 percent of the community’s rental units and two amenity spaces. CGI refers to these acquisition opportunities as “special situation real estate.” CGI, along with property manager Fogelman, rebuilt 33 …

Continue Reading
0 FacebookTwitterLinkedinEmail
BerkadiaCompany NewsNew YorkNewsNortheast

Berkadia Forms New Strategic Capital Group

by Lynn Peisner

NEW YORK CITY — Berkadia has hired Gordon Reynolds and Brian Myers, both with the title of senior managing director, and Vice President Conner Adkins. The three new hires will establish the Berkadia Strategic Capital Group, an international advisory team that will serve clients across multiple asset classes. The group will focus on asset-level equity financing and recapitalizations, portfolio-level equity financing and recapitalizations, and programmatic joint ventures. Reynolds, Myers and Conner will collaborate with Jeffries, a New York-based investment banking and capital markets firm, and Knight Frank, a property consultancy …

Continue Reading
0 FacebookTwitterLinkedinEmail
Eastham-Capital-Anthony-Librot
Company NewsFloridaNewsPeople NewsSoutheast

Eastham Capital Hires Anthony Librot as CFO

by Lynn Peisner

BOCA RATON, FLA. — Eastham Capital has hired Anthony Librot as chief financial officer. In the new role, Librot will be responsible for accounting, compliance and risk management for the private equity multifamily investment firm. With more than 30 years of accounting and financial experience, Librot spent the past seven years as the chief operating and financial officer at AAM 15 Management LLC, a Massachusetts real estate investment company, where he oversaw day-to-day operating and financial activities for a real estate portfolio of $500 million.

Continue Reading
0 FacebookTwitterLinkedinEmail
750-Curtiss
DevelopmentIllinoisMidwestNews

Joint Venture to Break Ground in Chicago Suburb

by Lynn Peisner

DOWNERS GROVE, ILL. — Co-developers Conor Commercial Real Estate and LCI Development Partners, along with investment partner Bailard, will develop 138 units at 750 Curtiss St. in Downers Grove, 30 miles west of Chicago. The development team also includes SGW Architecture & Design and McShane Construction Co. Completion is slated for spring 2027. The six-story residence will be comprised of studios and one-, two- and three-bedroom units as well as five two-bedroom, direct-entry townhomes. Amenities will include a coffee bar, pool, firepits, a dog park, a fitness center, coworking space …

Continue Reading
0 FacebookTwitterLinkedinEmail
Harper-Portfolio-LA
CaliforniaInvestment SalesNewsWestern

Marcus & Millichap Arranges $25.3 Million Los Angeles Portfolio Sale

by Lynn Peisner

LOS ANGELES — Marcus & Millichap has arranged the $25.3 million sale of a seven-property, 275-unit portfolio in Los Angeles. The seller, a private unnamed group, has been assembling and managing the portfolio for the past 25 years. The portfolio is comprised of a mix of 1920s-era brick apartment buildings and an infill land site, concentrated in the Koreatown and Westlake neighborhoods. “The portfolio was experiencing challenges, including tenant delinquencies, aging building systems, deferred maintenance and litigation,” said Neema Ahadian in a prepared statement. Ahadian is senior managing director of …

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Bluffs-on-Lake-St-Francis
DevelopmentMidwestNewsWisconsin

M&R, Campbell Capital Break Ground on Milwaukee Project

by Lynn Peisner

ST. FRANCIS, WIS. — M&R Development and Campbell Capital Group LLC have begun construction of a 278-unit luxury apartment community situated on a bluff overlooking Lake Michigan in St. Francis, five miles south of downtown Milwaukee. The Bluffs on Lake will offer units ranging from studios to three-bedroom designs. M&R and Campbell Capital also teamed up to develop 42 Hundred on the Lake, a 236-unit project just south of The Bluffs on Lake that opened in 2021.  Located on a 21-acre site at 3700 S. Lake Drive, The Bluffs on …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaHawaiiNewsWestern

Douglas Emmett Secures $1 Billion Refinancing

by Lynn Peisner

SANTA MONICA, CALIF. — Douglas Emmett (NYSE:DEI), a Santa Monica-based REIT with an office and multifamily portfolio, has secured approximately $1 billion in Fannie Mae loans to refinance nine properties, totaling 3,099 units across California and Hawaii. Walker & Dunlop arranged the financing. Through the transaction, debt on The Landmark Residences, formerly known as Barrington Plaza, in Los Angeles has been repaid.

Continue Reading
0 FacebookTwitterLinkedinEmail
The-Postmark_CoStar
Investment SalesNewsWashingtonWestern

Kidder Mathews Arranges Seattle Portfolio Trade

by Lynn Peisner

SHORELINE, WASH. — The Simon Anderson multifamily team at Kidder Mathews has arranged a disposition and acquisition in the Seattle area. The buyer and seller was identified as John Stephanus, who is the president of Seattle-based Epic Asset Management. The four assets sold were Swiss Gables Apartments in Kent, Washington, 18 miles south of Seattle and Charbern Apartments, Stockbridge Apartments and Carolina Court Apartments, all of which are located around the Seattle metro. This portfolio totaled 215 units. The proceeds were used to acquire The Poshmark in Shoreline, 11 miles …

Continue Reading
0 FacebookTwitterLinkedinEmail
50-70-Columbus
FinanceNew JerseyNewsNortheast

JLL Arranges $340 Million ReFi of New Jersey Transit-Oriented Development

by Lynn Peisner

JERSEY CITY, N.J. — JLL Capital Markets and BlueGate Partners have arranged a $340 million refinancing loan on behalf of Ironstate Development Co. and Panepinto Properties. Truist Financial Corp. funded the loans. The joint venture owners will use the financing for 50 & 70 Columbus, two high-rise towers constructed in 2007 and 2015 respectively. The properties are atop the Grove Street PATH station with direct access to Manhattan. JLL’s Debt Advisory team, representing the borrower, was led by Thomas Didio, Thomas E. Didio Jr., Gerard Quinn and Michael Mataras.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.