BWE secured a $31 million loan to finance the construction of Imperium Suwanee, a 212-unit Class A multifamily development in Suwanee, Georgia, part of the Atlanta metropolitan area. BWE’s Thomas Wiedeman originated the construction loan from two community bank lenders…
Capstone Collegiate Communities has assembled enough land in the West University neighborhood of Tucson to build a 144-unit/448-bed student housing project. Capstone successfully secured approximately 1.5 acres at the southwest corner of Speedway and Euclid. It closed on nine parcels…
Pinnacle has started work on its affordable housing development, Pinnacle at La Cabaña, in Miramar. The $41.2 million development will provide affordable housing for seniors in the Miami metro area. Pinnacle at La Cabaña consists of 110 units with one- and two-bedroom apartments…
Nashville-based development company Giarratana announced Wednesday it has secured a $232.3 million construction loan for its future 750-foot-tall tower 1010. The funding will kick off development of 140 condominiums and 360 apartments in a 60-story, $390 million tower at 1010…
California State University, Long Beach (CSULB) hosted a groundbreaking ceremony for La Playa Residence Hall, a $115-million, 108,000-square-foot student housing project. The project is a part of the State of California’s Higher Education Student Housing Grant Program, which aims to…
Hines U.S. Property Partners (“HUSPP” or the “Fund”), the firm’s U.S. core-plus fund, has acquired Blu South, a build-to-rent (BTR) community located at 920 Blu Central Rd. in Pineville, North Carolina. Serving as Hines’ first BTR acquisition in the U.S.,…
RangeWater goes against the flow. Instead of taking out acquisition loans to acquire properties, it buys them with cash. Its latest…Provenza at Old Peachtree in Gwinnett County. RangeWater paid $62.8 million, or $243,410 a unit for the 258-unit project. The…
Westbridge and FCP partnered to redevelop a 70-year-old one-time paper plant into 226,000 square feet of offices. Commercial Edge reports the developers of Westside Paper have signed a lease with Construction Resources, which will open a design center there in…
The average student housing preleasing rate for Yardi 200 schools reached 61.5% in February, a 450-basis-point increase year-over-year, according to the latest Yardi Matrix National Student Housing Report. Fueled by enrollment growth, demand is healthy enough to absorb 46,000 new beds…
NerdsToGo, an information technology solutions and technology repair company, plans a strategic expansion throughout the greater Chicago area in 20 new territories. The Chicagoland expansion follows one of the most successful years of development to date for the brand, which…
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