Reade Hotel Capital paid $57.5 million for Embassy Suites Nashville at Vanderbilt, which the Nashville Business Journal reports is nearly $9 million less than what it sold for a decade ago. The hotel, owned by investment trust Moody National Reit…
CBRE has arranged a $58 million senior loan and $9 million preferred equity investment to refinance The Blakely, a 420-unit multifamily community in Pendergrass, Georgia, 30 minutes northeast of Atlanta. Blake Cohen and Charlie Clark with CBRE Capital Markets’ Debt & Structured Finance…
Stillwater Capital Investments expects to complete infrastructure work on Haggard Farms in Plano by late February, and development of the first phase of commercial amenities will begin in early summer. The first phase of the $750 million project will include…
Branch Properties received unanimous rezoning approval from the City of Gainesville for Lakeshore, the 49-acre mixed-use redevelopment of Lakeshore Mall. Branch Properties will break ground on Lakeshore in late 2026, and completion is anticipated in 2028. Positioned between Lake Lanier…
KHP Capital Partners is planning to convert the historic Johnston Building into a 245-room hotel with a fine-dining restaurant and coffee shop on the first floor, a ballroom, conference room and rooftop bar. The building is just over 100 years…
A Wrightsville Beach hotel that’s been open since 1964 has been given a full makeover and a new name. The Blockade Runner Beach Resorts is now The Trailborn Surf & Sound. The 151-room hotel sits on 3.5 acres with the…
PGIM Real Estate provided a $82 million floating rate loan on behalf of MetLife Investment Management and StreetLights Residential to refinance Mira at Midtown Union, a multifamily property located at 1301 Spring St NW in Atlanta. The 26-story high-rise property…
A high-profile trio of developers is trying to convince a Charlotte-area local governing board to okay a significant zoning request. The team of Jamestown, North American Properties and Nuveen Properties is hoping to change the current Huntersville zoning for a…
Investment firm Realm recently paid $15 million for downtown’s Parkway Towers and Court Square Building. Wheelock Street Capital sold the two buildings at a combined loss of approximately $26 million. Wheelock paid $33.5 million for the 21-story Parkway Towers in October 2019…
AJ Capital Partners and Simon Property Group are joining forces on a massive luxury outlet mall in Nashville. The project, dubbed Nashville Premium Outlets, includes a 325,000-square-foot mixed-use center with approximately 75 retailers, restaurants and a hotel. The project could include residential…
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