Community Preservation Partners (CPP), a mission-driven affordable housing preservation developer, announced the $54-million acquisition and planned renovation of Green Hotel Apartments, an affordable senior apartment complex in downtown Pasadena. This is CPP’s 15th community in the greater Los Angeles area…
The note backing One North LaSalle ($67.2 million | 57.8% of CARB 2019-FL2) has been sold at a $58.5-million realized loss, according to Morningstar Credit. Namdar has purchased the note for just under $20.0 million according to the article. The…
Centennial Yards Company signed a long-term lease with Cosm, an immersive technology, media, and entertainment company, to create a 70,000-square-foot, three-level entertainment venue, which will deliver live sports and experiential entertainment. The venture will be part of the Sports and Entertainment…
Turnberry is a step closer to breaking ground on The St. Regis Nashville and The Residences at The St. Regis Nashville. The Metro planning agency voted to approve a concept plan for the project, which would be 46 stories tall….
A 119-key boutique hotel in downtown Alpharetta, GA has returned to its lender, the Atlanta Business Chronicle reported. The Hamilton, part of Hilton’s upscale Curio Collection, was foreclosed upon on July 2. An affiliate of Atlanta-based Peachtree Group was the highest…
Davis Healthcare Real Estate has announced the formal opening of Eagan Specialty Center, a 36,100-square-foot Class A surgical facility at 2975 Holiday Court in Eagan, Minnesota. The building is the new home of Midwest Surgery Center, which occupies 27,000 square…
Zalmi Klyne, SVP and managing director of Northmarq’s Los Angeles Debt + Equity team, secured the internal refinance of Park Place Apartments, a 47-unit multifamily property in Lancaster, for $8.28 million. Northmarq arranged financing on behalf of the borrower, a private investor,…
Vista Residential Partners has broken ground on 11.7 acres on the corner of N. Main Street and Holly Springs Road in Holly Springs, NC, for the development of Main Street Vista, a 277-unit mixed-use community. Public records show that Western-Southern…
St. Augustine Outlets, like numerous malls throughout the US, closed during Covid. Mall owners had to figure out what to do with now-empty space. Thompson Thrift is moving ahead on Terrassa, a multifamily community, part of the redevelopment of the…
Metropolitan Life Insurance Co. has taken the 166,000-square-foot office property at 240 W. 35th St. in Midtown Manhattan by foreclosing against a mortgage it had provided in 2018, Trepp reported. It made a $30-million credit bid at a May 29…
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