Rise: A Real Estate Company has received a $33 million mezzanine loan for a 308-unit age-restricted community on Jacksonville’s Southside. The developer of Rise Glen Kernan Park has also taken out a $61.45 million mortgage on the project, which will…
SomeraRoad is wrapping up Paseo South Gulch, a 16-story, 278-unit apartment and office building called Prima. It broke ground in February of 2022. Now, SomeraRoad is preparing to start work on a 30-story tower at Paseo South Gulch. The tower…
Aptitude Development is breaking ground on The Marshall Tempe, a student housing project near Arizona State University. Located at 1031 E Apache Blvd, The Marshall Tempe will welcome Sun Devils for the Fall 2026 semester. Designed by BKV Associates (Architectural) and…
A $30 million boutique hotel is on the way in Roswell, north of Atlanta. The five-story, Hyatt-branded Cambray Hotel will have 125 rooms. It will start construction in May. Its architecture is modeled after the brick mills that were prominent…
The Tunnel to Towers Foundation plans to redevelop a property next to Six Flags Over Georgia to provide permanent housing for metro Atlanta veterans experiencing temporary and long-term homelessness. Continuing the mission of the organization’s Homeless Veteran Program, Tunnel to…
Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and…
Thanks for reading the Bisnow Weekender, my personally curated roundup of the most impactful news, notable quotes, binge-worthy show recommendations and other colorful highlights from the Bisnow world of commercial real estate and beyond. Women are in more positions of power…
Vision Hospitality has purchased a quarter-acre lot in Raleigh’s Glenwood South in order to build a Moxy hotel. The Triangle Business Journal reports Vision paid $4.6 million for the parcel. Turnbridge Equities was the seller. Turnbridge paid $3.7 million for…
Since Covid, mixed-use developers have been forced to reconsider their formula regarding how much office space is needed. The universal adoption of hybrid working during the pandemic has decreased the amount of space companies typically lease in office buildings. Much…
Chicago-based multifamily brokerage firm Essex Realty Group, Inc. recently facilitated the sale of two properties in Chicago’s Greater Grand Crossing and Chatham neighborhoods. The transactions included the sale of 6800-6802 S. Indiana Avenue, a 16-unit apartment building, and 8001-05 S….
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