Up Campus Student Living has broken ground on Blume on Ivy, an off-campus student housing community near the University of Virginia. Located along the emerging Ivy Road Corridor near the new Data Science School, Karsh Center, and UVA Athletics complex,…
Cantor Fitzgerald, L.P. and Silverstein Properties, Inc. said Monday they had closed on Cantor Silverstein Opportunity Zone Trust II, Inc. with more than $470 million of equity raised. CSOZ Trust II includes four planned multifamily and mixed-use developments totaling 1,932 multifamily units and…
MRP Realty, Asana Partners and the Rockefeller Group announced the first joint venture between their firms and the final close of funding for the Brooklyn & Church redevelopment. The partnership closed with lenders on construction financing for the conversion of the former…
Atlanta-based Portman promoted Travis Garland to the newly created role of chief development officer. In this role, Garland will drive daily operations across all property types. Garland previously served as managing director of office for Portman, where he oversaw transactions valued at more…
Silverstein Properties unveiled a specially commissioned new sculpture by acclaimed architect and artist Frank Gehry in the lobby of 3 World Trade Center. Titled Untitled (Fish on Fire, Greenwich Street), the sculpture adds to Lower Manhattan’s burgeoning public art scene and…
Cambridge Realty Capital has provided $43,360,100 in HUD-insured Section 223(f) financing for four senior housing properties located in Illinois, Washington, and Iowa. According to Cambridge’s Managing Director Tony Marino, the Illinois transactions consisted of two affordable rental apartment properties for…
Le Investment Group closed the sale of The Mango Tree Apartments, a 56-unit multifamily property located at 8021 Mango Ave., Fontana. The property was sold for $10,850,000, equating to $193,750 per unit. The all-cash sale closed within 14 days at…
As New York City led in 2024 CMBS conduit issuance for multifamily properties, so it is also leading an increase in multifamily conduit delinquencies, Kroll Bond Rating Agency reported. The overall KBRA distress rate for apartment-backed conduit loans, which includes…
Sellers of a 65-acre site on the Cumberland River set the price at $200 million. Ewing Properties, the property owner, has hired Stream Realty to market the property. The parcel, called “The Riverside,” was once slated for 5 million square…
Georgia has seen a surge in data center construction. While some appreciate the benefits in regard to property taxes kicked off from the site, others lament the amount of power and water the centers consume. Legislators have advanced a proposal…
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