Mogharebi Group Closes Sale of Modesto Apartments,

Mogharebi Group Closes Sale of Modesto Apartments,

The Mogharebi Group (TMG) arranged the $37,600,000 sale of Summerview Apartments, a 136-unit multifamily community at 3601 Prescott Rd. in Modesto, on behalf of San Francisco-based Tesseract Capital Group, based out of San Francisco. The buyer was Summerview...
City Advances Coney Island West Redevelopment with RFP,

City Advances Coney Island West Redevelopment with RFP,

As part of the next phase of the Adams administration’s redevelopment plan for Coney Island West, the New York City Economic Development Corporation has issued an RFP for Parcel A, an 80,000-square-foot site along Surf Avenue. The site will eventually contain...
Developers Eyeing Hutto for Massive Mixed-Use Project,

Developers Eyeing Hutto for Massive Mixed-Use Project,

Capland Development is in the early stages of planning a massive 257-acre project in Hutto. Called Gateway at Hutto, the project is slated to include 29 acres of multifamily development (730 units), about 13 acres of townhome construction (125 units), roughly 68 acres...
63-Parcel Durham Assemblage to Become Rental Community,

63-Parcel Durham Assemblage to Become Rental Community,

A group of property owners is working together on a 402-unit apartment community in Durham. The property, off Hoover Road west of Interstate 885, was assembled over the years, including several much smaller pieces. The property owners include John Warasila, founding...
BridgeInvest Secures Loan for North Bay Village Apartments,

BridgeInvest Secures Loan for North Bay Village Apartments,

BridgeInvest has closed a $77.6 million loan to fund the acquisition of Wake Biscayne Bay, a prime waterfront multifamily complex in Miami’s North Bay Village. The loan supports an institutional joint venture between BH Group and InterVest Capital Partners,...