The owners of Birkdale Village in Huntersville want to add office space, a hotel, apartments and expand the retail offerings. A development group made up of North American Properties, Jamestown and Nuveen Properties is hoping to get a zoning change…
Soured office loans drove a 7.36% increase in CMBS delinquencies during November, Trepp reported. The U.S. CMBS delinquency rate rose 42 basis points overall to 6.4%, compared to 4.58% a year ago. Office delinquencies rose about 100 bps in November…
RXR has broken down on its first project within the 1,100-acre Veridea mixed-use community in Apex. Phase I of Veridea will include approximately 1,500 multifamily units, 1,100 single-family homes and townhomes built by Lennar Homebuilders, 150,000 square feet of retail,…
Greystone and Cushman & Wakefield provided acquisition financing and arranged the sale of Aventine, previously known as Ardmore at Bryton, a 288-unit multifamily property in the Charlotte suburb of Huntersville, North Carolina. The multifamily property was sold by Ardmore Residential…
BWE has secured $57.8 million to refinance Keystone Villa at Douglassville, a 247-unit, Class A independent living, assisted living, and memory care community in Douglassville, Pennsylvania. Ryan Stoll, national director of Seniors Housing and Care at BWE, and Taylor Mokris,…
The San Antonio Housing Trust is looking for a partner to expand its affordable housing program. The plan is to construct three separate communities in the Vida community on the town’s southside with the goal of building 530 units. The…
Two heavyweight apartment investors have spent over $183 million gobbling up Charlotte commercial real estate. St. Regis Properties acquired Crown of Queen City near uptown from Kohlberg Kravis & Roberts (KKR) for $88 million in February 2021. The Charlotte Business…
RIPCO Real Estate has secured a $25.4 million bridge loan for New York-based developers Cape Advisors, Inc. The loan will fund the acquisition and extensive repositioning of a 135-unit multifamily property located in College Park, near the University of Maryland….
With the rate of office-to-residential conversions accelerating, a new venture has formed with plans to pursue $1B of the notoriously complex developments. The former New York City FBI headquarters building converted to apartments by TF Cornerstone at 201 E. 69th St….
Portman finished Ten Twenty Spring, a 530,000-square-foot, Class-A office tower and key component of Spring Quarter, the mixed-use development in Midtown. The 25-story tower is outfitted with 15,000 square feet of private terraces and 20,000 square feet of tenant amenities,…
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