CBRE has negotiated the sale of Lexington Hills, a 168-unit multifamily community in Eagan, Minnesota, to Reacor Ltd. CBRE’s Ted Abramson, Keith Collins and Abe Appert represented the seller, Monument Frozen Tundra LLC, in the transaction. “Lexington Hills demonstrates the…
Colliers and been appointed as the exclusive agent for the sale of the “CNO Corporate Campus” located at 11825 N. Pennsylvania Street in Carmel, Indiana. The 78-acre property is currently owned by CNO Financial Group, which is moving to its…
New Hope Housing recently broke ground on New Hope Housing Ennis – a new construction, 102-unit property that will provide much-needed affordable housing to the 55+ community for the Houston Metro area. 11 units will be reserved for individuals with…
Napali Capital sold Residences at Belmont, a 176-unit garden-style multifamily property located in Belmont, N.C., to URS Capital. URS Capital assumed a $12.8 million, fixed-rate Fannie Mae loan. Commercial Edge reports it was originated by Berkadia in 2018 at a…
While some of the tax-deferred “goodies” offered by Opportunity Zone investments have long expired, the interest in these vehicles has not. According to a report by Novogradac, Qualified Opportunity Funds (QOFs) tracked by the company raised $3.53 billion in equity…
January saw $834.0 million in CMBS loans resolved at a loss, with $382.3 million in losses total, carrying an average loss severity of 45.84% for the month, reported Trepp. This was an increase in loan loss volume from December 2023,…
Berkadia secured financing for Axonic Properties’ acquisition of 246 out of 361 condo units at Palmera Pointe Apartments, located in the Town ‘n’ Country submarket of Tampa, Florida. Berkadia’s Mitch Sinberg led a team that secured a $32.23 million loan…
BWE, a national commercial and multifamily mortgage banking company, has secured $19,750,000 in acquisition financing for a 326-unit low-rise apartment portfolio in Clinton Township, Michigan, part of the Detroit metropolitan area. Adam Gould, senior vice president in BWE’s Detroit office,…
High Street Residential, a Trammell Crow company, has closed on 4 acres at 5005 Perimeter Blvd in Brookhaven. It paid $11.5 million in an all-cash transaction. The Atlanta Business Chronicle reports High Street plans to develop around 350 apartments at…
Pine Grove Communities has secured a $36.4 million construction loan for Foxgrove on Castleberry, a 198-unit single-family rental community in Dawsonville, Georgia. Dawsonville is about an hour north of Atlanta. A CBRE team led by Mike Ryan arranged the financing….
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