Notwithstanding some recent high-profile return-to-office edicts by major occupiers, the office sector continues to be the biggest contributor to monthly increases in distress metrics. And as the experts brought together for the “Distressed Property Outlook: The First Inning” panel made…
Toro Development Company (TDC) received approval from the Johns Creek City Council to build a 175-key hotel at Medley, the planned 43-acre mixed-use project. TDC is the developer of the venture, which will be located at the corner of McGinnis…
Crescent Communities is hoping to get final approvals from Mecklenburg County to build a 31- story high-rise at 1102 S. Tryon St. in South End. The company took out permits with the county totaling $126.3 million. The Charlotte Business Journal…
The developers behind the Empire Hotel are embarking on a $25 million remake of the building. The project calls for redeveloping 100,000 square feet at 228 S. Main St. Upon full buildout, the project will include 38 residences, a 35-room…
BPR Properties is hoping to get city approval to build a 131-room Homewood Suites by Hilton near Jacksonville International Airport. The project, on 2.6 acres at 1771 Airport Road, is slated to be a four-story hotel. The company paid $1.43…
Vista Residential Partners obtained a $43.6 million construction loan to build a 320-unit apartment complex in Charlotte, at 8011 Krenfeld Dr. A JLL Capital Market’s Debt Advisory team led by Matthew Schoenfeldt, secured the three-year, non-recourse floating-rate construction loan through…
New City is asking Metro Atlanta for permission to include 780 new apartments in its $1 billion Atlanta Beltline Eastside Trail project. There is no timeline for when the project will begin. The Atlanta Business Chronicle reports New City will…
JLL Capital Markets closed the sale of 2 Hilton Ct., a 10.41-acre site, which will be redeveloped into a 123,000-square-foot warehouse in Parsippany, NJ by the purchaser, Link Logistics. Terms were not disclosed. A JLL team led by senior managing directors Marc Duval…
Penn-Florida Cos. has updated its plans for Universal Village in Boca Raton. The developer purchased the land in 2013 and secured the zoning on 77 acres near Florida Atlantic University in 2015 but has yet to start construction. The S….
Antiquarian book company Bauman Rare Books is opening a new street-level gallery at Jack Resnick & Sons’ 485 Madison Ave. in Midtown Manhattan. As part of a new ten-year lease, Bauman will occupy 3,500 square feet on the ground and second floors of the 25-story tower. Founded by…
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