The Trepp CMBS Special Servicing Rate ticked up slightly in June, rising two basis points to 8.23%. Although the monthly increase was minimal, Trepp noted that it represents the sixth consecutive monthly increase. Prior to the COVID-19 pandemic, the last…
Pinnacle Hospitality Partners is seeking approval from the Metro Planning Department for a new 24-story development that would feature 218 hotel rooms and 261 apartment units. The first eight floors of the nearly 360,000-square-foot building are planned for hotel rooms…
CBRE has secured $38.5 million in construction financing for the development of Village Green, a new 90,525-square-foot shopping center in Nolensville, Tennessee. Richard Henry, Mike Ryan, Brian Linnihan, and Taylor Crowder with CBRE Capital Markets’ Debt & Structured Finance represented…
Fairfield Residential, along with Griffin Capital, started building 2300 North Tryon, a 307-unit, five-story apartment community north of uptown Charlotte. The Charlotte Business Journal reports the developers filed a building permit valued at $4.12 million with Mecklenburg County. Fairfield acquired…
The City of Atlanta and Dominium have opened two residential communities reserved for low-income tenants. The two projects will house over 1,000 seniors and families and are expected to cost $140 million to build. Briar Park (photo) and The Paramount…
Interra Realty has brokered the sale of two separate, fully occupied multifamily properties in Chicago. An eight-unit apartment building at 5130 S. Greenwood Ave. in the Hyde Park neighborhood sold for $2.92 million, and a 17-unit rental community at 6251…
Dean Zander has joined Newmark as vice chairman, based in the Century City office. He brings more than three decades of experience in the multifamily sector throughout Southern California, closing transactions valued at more than $11.9 billion across 58,000 units…
Land development company Taylor Builders LLC has chosen Sacramento-based Capital Rivers Commercial to lead the retail side of its projects. Capital Rivers Commercial, led by CEO Greg Aguirre, said it will handle the marketing and development of retail centers in various projects, including those…
The University of California, San Francisco (UCSF) would build a nearly 300,000-square-foot research and outpatient cancer treatment center on part of the site of the former Potrero Power Station under a plan approved by San Francisco supervisors. The San Francisco…
MCB Real Estate has completed vertical construction and named “The Enolia,” a 151-unit, 473-bed off-campus housing project near Morgan State University in Baltimore. Scheduled to open in 2025, this 3.3-acre development aims to provide housing with amenities like study rooms,…
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