National News

JLL has arranged the sale of three seniors housing communities

Wildwood, MO JLL Capital Markets has arranged the sale of three seniors housing communities across the St. Louis and Kansas City MSA’s. The communities are located in Wildwood, MO, Town & Country, MO and the Burlington Creek area of Kansas City, MO, and were acquired as a three-property portfolio by a venture

BDP Holdings LLC and JLL to build 130,000 s/f office development

Montclair, NJ BDP Holdings LLC, a New Jersey based real estate investment company specializing in the acquisition, development and repositioning of real estate, and JLL have launched The Iris, a new, ground-up 130,000 s/f office

Capstone closes the off-market sale of 1690 Swadley St., 3,600 s/f multifamily property for $1.375m

Applewood, CO Capstone has closed the off-market sale of 1690 Swadley St., a 3,600 s/f multifamily property for the sale price of $1.375 million ($171,875/Unit). Sam Bretz of Capstone represented the seller and Benton Adams of Capstone represented the buyer

Standard Communities developing ground up 100% affordable 240-unit community

Woodbridge, VA Standard Communities, a leading national multifamily housing investor and developer, is developing a ground up 240-unit 100% affordable community. The Prince William County project, Jefferson Plaza Apartments

Cronheim Hotel Capital secures $11 million to refinance the Courtyard at Houston Intercontinental Airport

Cronheim Hotel Capital (“CHC”) secured an $11 million loan for affiliates of Concord Hospitality in order to refinance the existing note on the 127-room Courtyard located at Houston Intercontinental Airport

IIBEC 2024–2025 board of directors

Phoenix, AZ The International Institute of Building Enclosure Consultants (IIBEC) have revealed its recent board and officer elections. IIBEC president Amy Peevey, RRO, REWC, PE, CDT, passed the president’s gavel to new IIBEC

Marcus & Millichap’s IPA Capital Markets Division expands into Canada

Toronto, ON According to IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), Jeff Wagner joins as senior managing director, capital markets in Toronto. Wagner has over 20 years of commercial real estate experience

West Shore acquires Cirrus at Aqua in Bradenton

Bradenton, FL West Shore, a fully integrated real estate investment firm with a specific focus on the acquisition and management of multifamily assets throughout the southeastern

Fisher Brothers and Suffolk celebrate the topping off of Wynhouse Miami

Miami, FL Fisher Brothers, a fourth-generation real estate company that owns, manages and operates unique spaces across the country, celebrate the topping off of Wynhouse Miami, a mixed-use multifamily development. This construction

Red Oak Capital Holdings provides $4 million for midwest multifamily makeover

Indianapolis, IN Red Oak Capital Holdings, LLC has provided a $4-million bridge loan for the Bon Air Apartments, a multifamily complex. The funds will be used to pay off an existing loan and complete the renovation of the Marion County property