Large-scale loans helped drive significant credit changes in newly delinquent loans, cured loans and modified loans during July, Trepp reported. For example, the office CMBS delinquency rate rose 54 basis points last month to 8.09%, with a single loan–the $670-million…
Middleburg Communities and KDM Development will break ground next month on a 280-unit apartment community near Charlotte Douglas International Airport. Construction is slated to take two years. The $70 million project will include five buildings and will go up at…
Equity Residential paid $108 million for a 425-unit Sandy Springs apartment complex. The multifamily community, The Bishop, was sold by a Blackstone affiliate. This transaction follows Equity Residential’s paying close to $1 billion for an apartment portfolio that included four…
ZOM Living paid $12.55 million for 19.21 acres along Carpenter Fire Station Road west of Highway 55 to develop a new apartment complex in the NC Research Triangle. Azalea at the Park will have 315 units, 15 townhomes and up…
Greystar opened the doors of 25 North Lex in White Plains, its first residential development in New York, to its first move-ins. Located at 25 N. Lexington Ave., directly across from the White Plains Metro-North Train station, which recently underwent a…
Construction on the Watermere at McKinney development is progressing as planned with the first units expected to be move-in ready later this year. Construction will continue after the first phase opens and is expected to wrap up during summer 2025. The 221…
Cortland has closed its Cortland Enhanced Value Fund, securing $1.5 billion in commitments. The value-add, multifamily fund is meant to capitalize on targets in the Sunbelt and Mountain West. Cortland says approximately one-quarter of the commitments were from foreign investors,…
Capital Square has been granted zoning approval by the Richmond City Council to develop an eight-story mixed-use apartment community and luxury hotel in the Scott’s Addition designated opportunity zone in Richmond, Virginia. The development will be funded with proceeds from…
Preleasing at Yardi 200 schools hit 89.2% in July, down slightly from 2023’s performance, while rent growth slowed, according to the latest Yardi Matrix National Student Housing Report. The student housing sector was still 5% behind fall 2023 occupancy levels as July ended,…
Lowes Foods is putting the finishing touches on a 50,000-square-foot store in Concord. It will be part of Christenbury Village, a 116,000-square-foot retail center at 2415 Herrons Nest Place NW. MPV Properties and Mission Properties are developing the site. The…
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