Sunday, December 22, 2024

News

Habitat

Lendlease Celebrates Topping-Out of Habitat in Los Angeles

Lendlease, a leading integrated real estate and investment management group, together with joint venture partner Aware Super, one of Australia’s largest superannuation funds, marked the topping-out of the six-story office and 12-story multifamily building...
Union Green

Woodfield Development Expands its Atlanta Metro Footprint with the Completion of New Multifamily Community...

Woodfield Development, one of the nation’s top 20 developers of Class A multifamily communities, celebrated the completion and opening of Union Green, the premier new construction community in Union City, Georgia, just south of...
The Cottages at Dawsonville

Jim Chapman Construction Group Closes on 195 Home BTR Community in Dawsonville Georgia

Jim Chapman Construction Group (JCCG), a leading general contractor specializing in the build-to-rent (BTR) sector, proudly announces that an LDP has been secured for The Cottages at Dawsonville, a new 195-unit rental community. Located on...
Sol Vista

ANF Completes New Affordable Senior Apartment Community Sol Vista in Miami-Dade County

ANF, a full-service construction and development firm, has completed construction of the new Sol Vista, a 227-unit affordable senior community co-developed by MRK Partners and Cypress Equity Investments in Miami-Dade County, Florida. “We are excited...

Multifamily CMBS special servicing rate jumps in November

Trepp reported that special servicing rate for multifamily commercial mortgage-backed securities (CMBS) loans moved higher for the fourth month in a row in November, jumping 116 basis points. The overall CMBS special servicing rate...
Atlanta Constitution building

Invest Atlanta Selects Gorman & Co. for Restoration of Atlanta Constitution Building

Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama Street in the heart of Downtown Atlanta. The agency intends to negotiate a ground lease and master...
Horizon at Miramar

Blackstone Affiliate Sells South Florida Apartment Complex Horizon at Miramar for $121M

The LivCor multifamily division of Blackstone sold the 349-unit Horizon at Miramar apartments. Selling the Horizon at Miramar apartment complex in Miramar a week after selling a 27-property portfolio for more than $300M. Bell Partners...
Siesta Lakes

Shoreham Capital in Partnership with Bridge Investment Group and Wynkoop Financial Begin Leasing Siesta Lakes...

Shoreham Capital, in partnership with Bridge Investment Group and Wynkoop Financial, has begun leasing at Siesta Lakes, a 412-unit Class-A rental community in Cape Coral, Florida. The leasing launch follows the completion of the...
The Ranches at Gunsmoke

Lincoln Avenue Communities Closes Financing for New Affordable Housing Development The Ranches at Gunsmoke...

Lincoln Avenue Communities and WNC & Associates secured financing for The Ranches at Gunsmoke, a 271-unit build-to-rent affordable development in Maricopa. Completion is slated for 2026. The Ranches at Gunsmoke financing package includes $91 million...
Rasha at Audubon

XAG Group Announces Rasha at Audubon Adding 326 More Apartments for Audubon in Magnolia

XAG Group has obtained a $58.9 million construction loan to start work on Rasha at Audubon, a 326-unit multifamily project in Magnolia, northwest of Houston. HALL Structured Finance provided the loan. The project will...
Lakeshore

Branch Properties to Redevelop Gainesville Lakeshore Mall Into Mixed-Use Community

Branch Properties, a private real estate investment and development firm, has announced plans to reimagine Lakeshore Mall into a walkable, open-air destination. The mixed-use redevelopment to be named Lakeshore will retain key retail tenants...
Legacy Hall

Gilbane and CBREIM Form Joint Venture to Own and Develop Student Housing

Providence-based Gilbane Development Company formed a strategic partnership with CBRE Investment Management (CBREIM) involving six purpose-built student housing properties across the country. The transaction included recapitalization of three operational communities through a GP-led secondary...
Atlantic Stonebriar

Atlantic Pacific Obtains Refinancing on 3 Dallas-Fort Worth Properties

Atlantic Pacific Cos. received Freddie Mac loans totaling $112.4 million to refinance 3 Dallas-Fort Worth Properties, a trio of multifamily properties in the Dallas-Fort Worth (DFW) metroplex. The financing for the 3 Dallas-Fort Worth properties...
US Student Housing Portfolio

Harrison Street Sells US Student Housing Portfolio for Nearly $900M

Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with approximately $56 billion in assets under management, announced the $893 million sale of 14 US student housing portfolio...
Pearlmark Mezz VI

Pearlmark Announces Second Closing of Sixth Mezzanine Fund

Pearlmark is pleased to announce the second closing of its sixth high-yield credit investment fund, Pearlmark Mezzanine Realty Partners VI, L.P. (“Pearlmark Mezz VI” or the “Fund”). Pearlmark Mezz VI now totals more than...
Yield PRO