The deluge of new apartments flooding the Metro Atlanta market has turned the tables on landlords, who are granting renters more incentives and lower rents. But with developers hitting the brakes on new projects as financing grows cold, the upper…
CBRE closed the $5.2-million sale of a prime retail property located at 65-35 Woodhaven Blvd. in the Woodhaven neighborhood of Queens. Innovative Resources for Independence (IRI), a New York-based nonprofit that supports people with intellectual and developmental disabilities, acquired the 9,227-square-foot property…
Berkadia announced the refinancing of The Pillars of Prospect Park, a 283-unit seniors housing community in Minneapolis, Minnesota. Managing Directors Austin Sacco and Steve Muth of Berkadia Seniors Housing & Healthcare secured bridge financing through a national bank on behalf…
Multiple groups bid Thursday for the unfinished Oceanwide Plaza mixed-use development in Downtown Los Angeles, which was forced into bankruptcy in February of this year, Connect CRE has learned. An auction is scheduled for mid-September. Industry sources familiar with the…
Texas Woman’s University topped off its future health sciences facility, placing the highest beam in place signifying its peak height. In September 2023, Texas Woman’s broke ground on a $107 million, 136,000 square-foot health sciences center in Denton to serve as an inter-professional education facility linking students in the allied health…
Crescent Communities will soon break ground on HARMON Jefferson Village, a 130-unit build-to-rent townhome project at 1500 Highwoods Blvd in Greensboro. It’s Crescent’s first BTR community in the area. They have built in Charlotte (photo). The Triad Business Journal reports…
National multifamily developer Wood Partners will expand its presence in Charlotte with Alta 10th and Seigle and Altera Mint Hill, bringing its total to 16 developments in the city and 30 in the state. These new multifamily properties will bring more than…
The U.S. will set a record for new apartment deliveries for the third year in a row, with developers on track to complete more than 518,000 new rental units in 2024, according to a recent report by RentCafe. 2024 is the…
A recent survey of commercial real estate investors ranked Nashville as a top 10 target among U.S. metros. Nashville ranks #5 in CBRE’s 2023 U.S. Investor Intentions Survey. The survey found that more investors are prioritizing high-performing secondary markets in 2023,…
JBG SMITH, an owner and developer of mixed-use properties in the Washington, DC, market, announced that animal hospital provider GoodVets will join the mix of retailers at The Grace and Reva in National Landing. GoodVets, which provides comprehensive veterinary care,…
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