CIM Group said Friday it had sold Mason at Van Dorn, a 1,180-unit apartment community in Alexandria, VA. The Washington Business Journal reported the sale to a partnership of Shoreham Capital and Bridge Investment Group Holdings at $225 million. CIM…
Pigmental Studio is no startup. The studio has produced “Kong,” “Despicable Me,” and “The Klaus”. The company is planning a 117-acre media campus in coastal Georgia, just north of the Florida state line. Pigmental Studios says the project would include…
TruAmerica Multifamily acquired Westmont Commons, a 252-unit multifamily community in Asheville, NC. The asset was purchased off-market for $49,875,000 in partnership with Spoke Real Estate Capital. The seller was undisclosed. TruAmerica Multifamily’s Bob Hart added, “We expect to deliver an…
Madison Realty Capital has provided a $55-million bridge loan to Charney Companies and Criterion Real Estate Capital for the acquisition and renovation of 99 Claremont Avenue, a student housing project in Morningside Heights. The developer group plans to renovate the…
An affiliate of the Chicago-based Range Group is planning a five-story apartment building north of Chicago’s Fulton Market District. The company has filed a zoning application with the city to build a 72-unit luxury apartment complex at 455 N. Carpenter…
Gorman and Company has released more information about its development activity in the Sweet Auburn district of Atlanta. The Invest Atlanta Board of Directors approved a Housing Opportunity Bond up to $3 million to help move construction forward. Both phases…
Oak Brook, Illinois-based Inland Private Capital Corporation (IPC) has completed a more than $46 million capital raise for the private investment offering of Algonquin Senior Living DST, an IPC-sponsored Delaware statutory trust. The DST owns a Class A, private pay,…
UMass Lowell is embarking on an ambitious $800 million mixed-use project on its campus, set to begin construction next year, Boston Business Journal reported. The project, which involves a 99-year ground lease of underutilized parts of the east campus to…
Thorofare Capital and Pearlmark combined to raise $40 million in financing so Grubb Properties could build out Link NoDa Phase II apartments in Charlotte. Thorofare originated $30 million for the construction loan, Pearlmark $10 million in mezzanine debt. A CBRE…
Arlington Partnership for Affordable Housing (APAH), the Fairfax County Redevelopment and Housing Authority (FCRHA), and Fairfax County officials celebrated the opening of Ilda’s Overlook Senior Residences in Fairfax, Virginia, providing 80 affordable homes for seniors aged 62 and above. Built…
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