Development firm BFC Partners held the grand opening of The Pearl, a 100% affordable housing project located at 475 Bay St. in Stapleton, Staten Island. The 270-unit project is the first to open under the Bay Street Corridor Neighborhood Plan, intended…
Advantage Capital has come up with more than $53 million in state low-income housing tax credits to support the development and rehabilitation of three communities in the metro area. Altogether, these projects would deliver more than 600 units of affordable…
Wingspan Development Group announced that WDG Finance has closed the $16 million WDG GP Fund II, its second since 2021, to fuel the firm’s multifamily development business growth in Illinois, Wisconsin, and Florida. Nearly 40% larger than WDG’s GP Fund…
Vestar will break ground net week on its massive shopping center in Buckeye, which will feature a Harkins BackLot, a Target, a Safeway and more. The Verrado Marketplace will feature shops, dining, grocery, entertainment and services across 520,000 square feet. Vestar is expected to…
The Fallon Company started work on The Colwick, a $100 million, 234-unit multifamily rental project at Colwick and Chiswick roads in Charlotte. The Fallon Co. paid $7 million for the site in December 2022. Axiom Architecture is the project architect and designer….
The Trepp CMBS Special Servicing Rate increased another 34 basis points to 9.14% in October 2024. Over the past six months, the rate has increased by just over 100 bps, with the October figure reflecting the 10th consecutive monthly increase, according to…
GBT Realty Corporation and Robinson Properties are teaming up on a new retail and multifamily development in Mount Juliet, Tenn., approximately 20 miles east of Nashville. Construction of the retail space is expected to begin this month and be completed…
Up Campus Properties is proposing a 950-unit student housing project at Rural Road between Apache Blvd. and University Drive in Tempe. The project, which will have 2,391 bedrooms, will be reviewed by a Tempe town development review committee. In addition…
A team of developers has obtained a $32.8 million loan to refinance Eastborough at San Marco, a new, stabilized 226-unit multifamily community in Jacksonville. Philip Rachels, Jeff Kinney and Connor O’Sullivan with CBRE Capital Markets’ Debt & Structured Finance in Jacksonville secured…
S2 Capital acquired ‘The Landing at Pleasantdale’, a 618 garden-style apartment community. 72 buildings make up the gated community that’s on over 75 acres. Built in 1985, Pleasantdale is located at 3497 Meadowglenn Village Lane in Doraville, GA, a northeast…
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