A joint venture of Songy Highroads and Matthews Southwest is collaborating on a 400-room convention hotel in Savannah. The timing is good in that the Savannah Convention Center is undergoing a $276 million expansion. The group expects to start work…
Concord Hospitality has added the finishing touches to the 348-room Westin Atlanta Gwinnett in Duluth, and will start accepting guests later this week. Some of the features included in the new hotel include a rooftop restaurant with three bars, a…
ShainRealty Capital, a Los Angeles privately-owned real estate investment firm, has sold a 96-unit Chicago apartment building, known as Madison Terrace, for $11 million. The transaction marked the firm’s last holding in the Chicago multifamily market. Interra Realty’s Lucas Fryman…
The Urban Land Institute Chicago (ULI) has released a new report that calls on the city to take bold measures to reduce the amount of greenhouse gas emissions from buildings. ULI Chicago brought together 50 area stakeholders, including industry experts,…
Northeastern University received approval from the Boston Planning and Development Agency board for a 23-story tower on Columbus Avenue, accommodating up to 1,370 students, Boston Business Journal reported. Additionally, The Druker Co. Ltd. gained approval for two connected lab-and-office buildings at 1033-1055…
Ziegler, a specialty investment bank based in Chicago, was the exclusive financial advisor in the sale of a skilled nursing facility with more than 100 beds in a northern neighborhood of Chicago. Acting as the advisor to a non-profit Illinois-based…
This is the fourth in a series of articles discussing the student housing sector. “Analyzing Debt, Equity and Student Housing,” “Student Housing in 2023: Stagnation? Or Continued Investor Interest?” and “Educational Overview: Student Housing vs Multifamily” are live and available…
Bosa Development, a Vancouver-based development firm, has proposed new plans to transform parts of the Lake Washington shoreline in Renton. Bosa unveiled its vision for a mixed-use waterfront campus that includes 23-story condominium towers with approximately 850 condominiums, reported the…
Walker & Dunlop, Inc. has originated $65,731,000 in 232/223(f) and 241(a) HUD loans for seven skilled nursing facilities and memory care centers across Illinois and Wisconsin between October 2023 and February 2024. Walker & Dunlop’s Midwest FHA Finance team, led…
RPM Living Investments paid $85 million, or $212,500 per unit, for Aspire Lenox Park. The seller was Willow Bridge Property Co., the recently rebranded multifamily division under Dallas-based Lincoln Property Co. It acquired the community in 2014. Aspire Lenox Park has 400…
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