Ackerman & Co. has experience turning old brick warehouses into thriving mixed-use developments. Along with MDH Partners, Ackerman developed the Lee + White project along Atlanta’s Westside Trail which contains restaurants, breweries and office space. The company has purchased another…
Gwinnett County and CBRE are working together to redevelop the decaying Gwinnett Place Mall. The county bought most of the Gwinnett Place Mall property for $23 million in April 2021. In February 2023, Gwinnett County Board of Commissioners approved a plan to…
Arctaris Impact Investors, LLC, a Boston-based impact investment firm that supports revitalization projects in underserved communities, made a lead equity investment in Liv DTLA, a $67-million market-rate affordable housing development in the South Park neighborhood of Los Angeles. The transaction…
NexPoint Residential Trust closed on the sale of Old Farm in Houston, a 734-unit property built in 1996. The property was acquired for $84.7 million in 2016. As of March 1, 2024, the property was 91.41% leased with a weighted average effective monthly rent…
It’s the seventh time Life Time has blended the concept of a high-end fitness facility and a residential rental community. The Triangle Business Journal reports Life Time will open a new fitness facility and beach club in The Exchange Raleigh…
An affordable place for Atlanta’s city workers is taking shape. The Atlanta Business Journal reports a duo of developers affiliated with three area churches are planning 200 workforce apartments across the street from Atlanta City Hall. Radiant Development Partners and…
Champion Real Estate Company has acquired Salisbury Campus Apartments, a five-building student housing community near Purdue University at 300, 310 and 318 Salisbury Street and 229 and 235 Littleton Street in West Lafayette, Indiana. Scott Clifton of JLL represented Champion…
A rent-stabilized, five-story, walk-up building in Washington Heights has been sold for $5 million. The building at 560-562 West 175th Street features 60 apartments and two commercial spaces, totaling 56,300 square feet. Built in 1924, it was sold for a…
This is the second article in a four-part series highlighting student housing as a real estate asset class. The first article, “Educational Overview: Student Housing vs Multifamily Housing,” is live. Parker Champion Student housing has come a long way in…
The distressed loan rate among commercial real estate (CRE) collateralized loan obligations (CLO) originated prior to 2023 rose nearly 400% year-over-year from the end of 2022, Kroll Bond Rating Agency (KBRA) reported. The distress rate ended 2023 at 5.4%, compared…
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