Friday, November 1, 2024

News

Ledcor Development breaks ground on Phase II of Hercules Bayfront apartment community

Ledcor Development LP announced the groundbreaking of The Grand in Hercules. Set to open Spring 2021, The Grand is adjacent to The Exchange, which broke ground last Fall and has plans to open Spring...

HFF and BUILD announce master-planned mixed-use development in San Francisco opportunity zone

HFF announced today it is working on behalf of BUILD, a San Francisco residential development company, to arrange investment partners for the construction phase of its India Basin development located within a rare opportunity...

Andrew Klavan speaks in Danville, Calif. May 11

Andrew Klavan, pundit, writer and internet personality will be speaking at the Village Theatre in Danville, Calif., this Saturday. Klavan is author of international best-selling books-turned-movies True Crime with Clint Eastwood, Don’t Say A Word starring Michael Douglas and Empire...

Park Partners Residential closes on $38.8 million loan for Niche and Nook student housing

Park Partners Residential, a joint venture between Rosemurgy Properties and Giles Capital Group, is thrilled to announce the closing of a $27.3 million loan for The Niche student housing and a $11.5 million loan...

Hines and Columbia Development Group in partnership with USAA Real Estate to build mixed-use...

Hines, the international real estate firm, along with co-developer Columbia Development Group, LLC and USAA Real Estate, today announced Fenton, a new 69-acre mixed-use district in the Cary submarket of Raleigh/Durham, North Carolina. The development...

HFF secures $45.756M financing for PARC3400 in Davie, Florida

Holliday Fenoglio Fowler, L.P. (HFF) announces it has secured $45.756 million in financing for PARC3400, a 260-unit, Class A multihousing property in Davie, Florida. HFF worked on behalf of Park Partners Residential, a joint venture...

Cushman & Wakefield arranges $20.35m sale of South Texas senior living campus

Cushman & Wakefield has negotiated the sale of Mirador, an upscale, 228-unit continuing care retirement community in South Texas. The Tampa, Florida-based Cushman & Wakefield Senior Housing team of Allen McMurtry, Paul Carr and David Kliewer represented an affiliate of Addison, Texas-based Senior...

TruAmerica acquires $97 million apartment communities in Las Vegas and Atlanta

TruAmerica Multifamily (in partnership with an institutional partner) has acquired a two-property, 608-unit apartment portfolio of assets in the Las Vegas and Atlanta metros in an off-market transaction valued at $96.8 million. TruAmerica in joint...

HFF secures $191.8M financing for Bryant Street development in Washington, D.C.

Holliday Fenoglio Fowler, L.P. (HFF) announces it has secured joint venture equity and construction financing totaling $191.8 million for the development of Phase I of Bryant Street, a mixed-use, transit-oriented development in northeast Washington,...

Intracorp starts construction on 321-residence apartment building in Little Saigon

Prominent North American developer, Intracorp, announced today that it is preparing to begin construction on a brand-new, 321-residence apartment building within Seattle’s Little Saigon neighborhood. Located at South Jackson Street and 12th Avenue, the demolition...

Pathway to Living completes renovation of senior housing community Azpira Place of Breton in...

Pathway to Living, a Chicago-based developer, owner and operator of senior living communities, today announced it has completed $2.1 million in capital improvements at Azpira Place of Breton, an 81-unit assisted living and memory...

DC program causing chaos at Class A apartment community

Sedgwick Gardens is a historic landmark in a high-priced neighborhood in northwest Washington, D.C., the Washington Post reported. But in the past two years, it has also come to play home to a number...

Red Mortgage Capital closes $60 million SBL portfolio in Union City, NJ

RED Mortgage Capital, the lending arm of ORIX Real Estate Capital, LLC, announces the closing of a $60 million, 18 property portfolio in Union City, N.J. through the Freddie Mac OptigoSM Small Balance Loan...

Barriers worsen housing affordability

The National Apartment Association (NAA) released its study “U.S. Barriers to Apartment Construction Index” which examines factors which make construction more difficult in 29 United States metros. Albuquerque was the city with the fewest...

Thorofare Capital provides $53.5 million to refinance CT multifamily portfolio

Thorofare Capital has provided $53.5 million in senior debt to refinance a two-property, 198-unit multifamily portfolio in Norwalk, CT. The financing is secured by two Class-A apartment communities developed in 2016 by the sponsor, a...
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