Naftali Credit Partners and J.P. Morgan provided a short-term bridge loan of $120 million to Tidal Real Estate Partners. The loan finances 1111 Church Street, a 25-story luxury multifamily and retail development in Nashville. The $120 million loan, consisting…
Irvine Company has seen continued leasing momentum at 300 North LaSalle, with an additional 113,000 square feet recently leased. Global law firm White & Case LLP has leased 64,000 square feet and will occupy two and a half floors in…
Essex Realty Group, Inc., has negotiated the sales of five apartment buildings in two separate transactions. One sale was a four-building, 50-unit portfolio located at 6153 S May, 6348 S. Racine, 6459 S. Racine, and 6934 S. Princeton — all…
BWE secured a $31 million loan to finance the construction of Imperium Suwanee, a 212-unit Class A multifamily development in Suwanee, Georgia, part of the Atlanta metropolitan area. BWE’s Thomas Wiedeman originated the construction loan from two community bank lenders…
Pinnacle has started work on its affordable housing development, Pinnacle at La Cabaña, in Miramar. The $41.2 million development will provide affordable housing for seniors in the Miami metro area. Pinnacle at La Cabaña consists of 110 units with one- and two-bedroom apartments…
California State University, Long Beach (CSULB) hosted a groundbreaking ceremony for La Playa Residence Hall, a $115-million, 108,000-square-foot student housing project. The project is a part of the State of California’s Higher Education Student Housing Grant Program, which aims to…
Hines U.S. Property Partners (“HUSPP” or the “Fund”), the firm’s U.S. core-plus fund, has acquired Blu South, a build-to-rent (BTR) community located at 920 Blu Central Rd. in Pineville, North Carolina. Serving as Hines’ first BTR acquisition in the U.S.,…
Branch Properties acquired the land for Braselton Village, an upcoming Publix Super Markets-anchored shopping center in Braselton, Georgia. The 70,987-square-foot center, which is set to break ground this summer, is slated for completion in Q2 2025. In addition to Braselton…
RangeWater goes against the flow. Instead of taking out acquisition loans to acquire properties, it buys them with cash. Its latest…Provenza at Old Peachtree in Gwinnett County. RangeWater paid $62.8 million, or $243,410 a unit for the 258-unit project. The…
The average student housing preleasing rate for Yardi 200 schools reached 61.5% in February, a 450-basis-point increase year-over-year, according to the latest Yardi Matrix National Student Housing Report. Fueled by enrollment growth, demand is healthy enough to absorb 46,000 new beds…
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