Cantor Fitzgerald and Silverstein Properties have entered into a joint venture with Turnbull Development to develop a mixed-use project in Summerville, SC, encompassing 365 garden-style multifamily units across three buildings and a 40,000-square-foot medical office building in a qualified opportunity…
Woodfield Development secured a $53.7 million senior loan for Margaux Midtown, a luxury apartment community in Nashville, Tennessee. BWE’s provided financing, which was structured by Adam Bieber and Alec Jenkins from BWE’s Washington, D.C. office. Delivered in 2023, Margaux is a luxury…
Cap rates in the single-tenant net lease sector increased for the ninth consecutive quarter within all three major property types, according to The Boulder Group’s 2nd Quarter Net Lease Research Report. Single-tenant cap rates increased to 6.47% (up five basis points)…
DZL Management has obtained a $135 million loan refinancing of Cummins Station, a mixed-use asset totaling 408,000 square feet. Originally built in 1906, the historic property has undergone renovations since to transform it into its current state as a mixed-use…
Arick Morton Senior housing could be considered an “under-the-radar” commercial real estate sector, especially compared to the more active industrial, retail and multifamily sectors. However, NIC Map Vision’s Senior Housing Outlook report showed that development is behind, which could mean…
Construction crews began tearing down North DeKalb Mall as retail developer Edens prepares to transform the 73-acre property into a walkable, mixed-use district. The mall, shuttered in 2020, will be called Lulah Hills. The redevelopment will add 1,700 apartments, 100…
Charlotte-based The Providence Group completed four retail lease transactions totaling nearly 100,000 square feet across the Carolinas. The activity includes two transactions with HomeGoods, as well as additional deals with Homesense and T.J. Maxx. The Providence Groups Melissa McDonald, who…
Institutional Property Advisors (IPA), a division of Marcus & Millichap, has listed Pacific Trails Apartments, an 84-unit apartment property located in Covina within the San Gabriel Valley. The price is open bid. “Located close to entertainment and shopping along Arrow Highway and…
The former Dom’s Kitchen and Market location in Lincoln Park will be replaced by The Fresh Market, a North Carolina-based supermarket chain. The Fresh Market will take over the 2730 North Halsted Street space, which was previously home to one…
Fitch Ratings said its overall U.S. CMBS delinquency rate increased nine basis points to 2.42% in May from 2.33% in April 2024 due to maturity defaults of several large regional mall and office loans. Led by the $255-million maturity default of a loan…
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