Boston Planning Approves Six Projects to Create 577 Residential Units
The Boston Planning Department board this month approved six new development projects representing approximately 859,726 square feet. Spanning the Boston neighborhoods of Allston, Brighton, Dorchester, Jamaica Plain and Roxbury, the new projects will create...
Thorofare Capital Provides Nearly $43M in Financing for Twin Cities Active Adult Community Risor...
Thorofare Capital (“Thorofare”), an affiliate of asset management platform Callodine Group, LLC, provided a $42,895,000 bridge loan to refinance Risor of St. Louis Park, a 170-unit mid-rise multifamily property in the Twin Cities market. The...
BWE Arranges $26.6MM HUD 221(d)(4) New Construction Loan for Market-Rate Multifamily Property The Lofts...
BWE, a national commercial and multifamily mortgage banking company, announced that it has secured a $26.6MM HUD 221(d)(4) loan to finance the development of The Lofts at G Diamond Ranch, a 120-unit Class A...
PINNACLE Orange Crossing Launches Leasing and Marks Completion of Third and Final Phase of...
PINNACLE Orange Crossing, a transformative transit-focused multifamily development in the City of Orange, New Jersey is eyeing March for its leasing launch of 90 luxury apartment units. Orange Crossing, which is centered around a modernized...
PCCP and Balcara Group to Develop 196-Unit Single-Family Rental Community Balcara at Southshore Bay...
A joint venture of PCCP and Balcara Group has announced the development of Balcara at Southshore Bay, a 196-unit single-family for-rent community located at 17160 Auburn Arch Loop in Wimauma, Florida (Hillsborough County, Tampa...
Mary Cook Associates Completes Interiors for The 87 Student Housing Community Near University of...
Chicago-based Mary Cook Associates (MCA), a national, award-winning commercial interior design firm, announces it has completed the interiors of The 87, a purpose-built luxury student housing community located in South Bend, Indiana, near the...
Institutional Property Advisors Closes Sale and Arranges Financing for Multifamily Asset Livano Canyon Falls...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Livano Canyon Falls, a 300-unit apartment property within the Canyon Falls master-planned community in Northlake, Texas. Kile and IPA’s...
Institutional Property Advisors Brokers Sale and Arranges Financing for Multifamily Asset Stonehenge in Suburban...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale and financing of Stonehenge, a 228-unit multifamily property in Lebanon, Tennessee. “Lebanon is the largest city in Wilson County, which is Tennessee’s...
Marcus & Millichap’s IPA Capital Markets Facilitates $165.9M Multifamily Financing for Town Square at...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, specializing in capital markets services for major private and institutional clients, has successfully arranged $165.9 million in financing on behalf of the DSF Group...
Marcus & Millichap Arranges $7.3M Sale of 60-Unit Apartment Property Crest Oak Apartments in...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Crest Oak Apartments, a 60-unit multifamily property located in Coon Rapids,...
Job openings down sharply in December
The Job Openings and Labor Turnover (JOLT) report from the Bureau of Labor Statistics (BLS) said that the number of job openings in December was 7.60 million. This was reported to be down 556,000...
Joint Venture Developers Sell Mixed-Use Student Housing Tower UnionWest at Creative Village in Orlando
Halstatt Real Estate Partners, along with Development Ventures Group and Ustler Development (Partnership), has sold UnionWest at Creative Village, a mixed-use student housing tower in Orlando, Florida. Provident Resources Group purchased the asset, which was...
Santa Clara VTA and Charities Housing Partner on Low-Income Townhome Development
The Santa Clara Valley Transportation Authority (VTA) has signed a long-term ground lease agreement with Charities Housing, which will build 45 townhomes intended for low-income residents on property next to VTA’s Branham Light Rail...
Rockpoint and Related Group Announce Sale of Class A Apartment Community Town Deer Valley...
Rockpoint, a real estate private equity firm, and Related Group (“Related”), a leading real estate conglomerate, announced the sale of Town Deer Valley, a Class A luxury apartment community in Phoenix. “Rockpoint’s ownership chapter of...
Lument Closes $198M in Multifamily Bridge Loans in December 2024
Lument announced that it closed more than $198 million in balance sheet bridge financing in December 2024. The loans facilitate the lease-up, acquisition, and construction of seven multifamily properties across the country. Together, the...