BWE has secured two loans totaling $70.9 million to refinance Accent Southrail, a 304-unit, mid-rise multifamily development in Charlotte, NC and Sedgefield Apartments, a 280-unit multifamily development in Marietta, Georgia. BWE’s Atlanta office secured the non-recourse loans for Accent Southrail…
Two hotel project have been working their way through Nashville’s Metro Development and Housing Agency Design Review Committee. The 9 Group is moving forward on a hotel development at The Gulch. The 9 Group paid $6.9 million for a one acre…
RIPCO Real Estate has been appointed as the exclusive retail leasing broker for the Willets Point project in Queens, NY. The project, which includes affordable housing components, presents the opportunity for community and business development. RIPCO is responsible for leasing…
Office and retail CMBS loan defaults drove the overall default rate higher in 2023, Fitch Ratings said Tuesday. The total annual and cumulative U.S. CMBS loan default rates for 2023 increased to 0.9% and 18.5%, respectively, from 0.3% and 17.9%…
The DeKalb County Board of Commissioners rezoned land surrounding the Indian Creek station, the final stop on the Blue Line located off Durham Road and adjacent to Interstate 285. The approval will allow for a dense makeover of the 64-acre…
Multifamily residential developer Laurel Street started work on Springhouse Square, a new mixed-income, multi-generational apartment development located at 3800 Shamrock Drive in east Charlotte. The first units will be available by spring of 2025, and the project will be fully…
A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties and Harbert US Real Estate, an investment strategy sponsored by Harbert Management Corporation, has acquired a 64,340-square-foot, single-tenant light industrial building at 9999 Virginia Avenue in Chicago…
Optima, Inc., an integrated real estate firm, announced Reform Studios will open at Optima Signature, a 57-story luxury apartment tower comprising 490 apartments and 58,000 square feet of commercial space in Chicago’s Streeterville neighborhood. Reform Studios joins Optima Signature’s roster…
CBRE has arranged the sale of The Barrington, a 282-unit multifamily property in Woodbury. Nuveen Global Investments LLC purchased the property from Tilden Fundamental Barrington Apartments, LLC for an undisclosed amount. CBRE’s Keith Collins, Abe Appert, Ted Abramson, and Danny…
JLL has arranged financing for K14 Campus Flats, a student housing property across the street from the University of Oregon in Eugene, Oregon. Working on behalf of the borrower, Waterway Family Funds, JLL placed the 10-year acquisition financing with Freddie…
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