Levin Johnston of Marcus and Millichap, among the top multifamily brokerage teams in the U.S., recently acquired a second Bay Area office in San Carlos to accompany its existing owned office in Los Altos. In addition, the team increased the annual number of…
First Citizens Bank’s Commercial Real Estate business has provided $47.7 million for Aspen College Park, a student housing facility at the University of Maryland in College Park. Owned by an affiliate of GTIS Partners and developed by Aspen Heights Partners,…
Just under 1 in 10 homes that broke ground in the United States in 2024 was being built for a tenant, not an owner, according to John Burns Research and Consulting data. Single-family rentals accounted for more than 1 in 4 rental…
Regency Centers Corporation will develop the Village at Seven Pines, a new ground-up retail project in Jacksonville. Sawmill Timber is selling the land that Regency will develop. Regency will then own and operate the shopping center in the community of…
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…
Four commercial property sectors saw monthly fluctuations in their CMBS delinquency rates of 40 basis points or more in December 2024, Trepp reported this week. Lodging delinquencies declined 78 bps to 6.14%, but the other three property types saw increases…
San Francisco-based Frontline Realty Capital acquired one of the first Oakland office properties seized by its lender post-pandemic for a fraction of its 2018 purchase price, according to the San Francisco Business Times. Frontline scooped up 1440 Broadway, a 10-story,…
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…
Penzance, along with its partner TriWest Multifamily, acquired Stoney Trace Apartments, a 380-unit multifamily community in Charlotte. Penzance purchased Stoney Trace from Bridge Investment Group for $59.8 million. Bridge purchased it in 2019 for $42.1 million. Stoney Trace is located…
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