RPM Living Investments paid $85 million, or $212,500 per unit, for Aspire Lenox Park. The seller was Willow Bridge Property Co., the recently rebranded multifamily division under Dallas-based Lincoln Property Co. It acquired the community in 2014. Aspire Lenox Park has 400…
Online food ordering company Grubhub will move its headquarters to the Merchandise Mart and follow the ongoing trend of downsizing its office footprint along the way. Grubhub will shrink its downtown office footprint by about 45 percent, finalizing a deal…
City officials have tapped Boyle Investment Co. to redevelop Gallatin’s downtown square and create a new city hall. Gallatin, a town of 45,000, is a half-hour drive from Nashville. Plans for the proposed development, which will take over two city-owned…
One can often find extended-stay hotels near hospitals to accommodate visiting family members and staff. Choice Hotels International has opened an Everhome Suites in Newnan. The property is located near the City of Hope Cancer Center. The 115-room hotel is…
San Diego planners gave unanimous approval recently to Cornerstone Communities for an Otay Mesa project with 450 townhouses, reported the San Diego Union Tribune. The Candlelight project is located in one of the few undeveloped areas of San Diego County,…
Southwest Value Partners and StreetLights Residential plan to open two multifamily side-by-side towers in November at Nashville Yards. Leasing will begin this summer. Named The Everett and The Emory, the 34- and 35-story towers will together offer more than 650 residences…
The Preservation of Affordable Housing Inc. (POAH) has started work on the $13 million renovation of two senior buildings in Harvey. The two buildings are located at 166 and 174 W. 151st Street and comprise the 120-unit Jesse L. Jackson…
This is the third in a series of articles discussing the student housing sector. “Student Housing in 2023: Stagnation? Or Continued Investor Interest?” and “Educational Overview: Student Housing vs Multifamily” are live and available to read. Andrew Layton The lack…
Mansfield is a town on the rise. The modernization of the once sleepy town will start with the construction of a new city hall. It bought 10 acres from Stillwater Capital for the project. Stillwater is leading the effort to…
The Trepp CMBS Delinquency rate inched up in February, rising five basis points overall to 4.71%. Year over year, the overall U.S. CMBS delinquency rate is up 159 bps. In the closely watched office segment, delinquencies rose 33 bps in…
End of content
End of content
