Landmark Properties has recapitalized The Mark Athens, a 1,364-bed, mixed-use property featuring student apartments as well as retail and office space. Located at 130 Hickory St. in Athens, GA, The Mark Athens serves students attending the University of Georgia. Terms of the financing were…
Urban Standard Capital recently closed a $7.95 million, 18-month, non-recourse construction completion loan for a Class A mixed-use rental property in Durham, NC. At completion, the borrower, Abranova Real Estate, will deliver 48,000 square feet of 37 residential units, 5,000 square feet…
JLL Capital Markets recently facilitated the acquisition financing for three separate senior living communities in the Minneapolis-St. Paul area. JLL represented the borrower, an affiliate of The Inland Real Estate Group of Companies. The Waters Senior Living will continue to…
Paul Proano of Coldwell Banker Commercial and Heather Schweitzer, of Premier Commercial Realty joined together and have successfully marketed and sold the newly constructed 24-unit Haber Pointe Senior Luxury Apartments located at 401 Haber Road in Cary, Illinois. The 24,177-square-foot…
Another historic office structure with good bones has been picked up for a likely conversion to apartments. The Samaroo Group purchased the downtown Nashville’s Morris Memorial building. The Nashville Business Journal reports the iconic four-story structure on MLK Boulevard sold…
It’s no secret that convenience store companies are as much in the real estate business as in retail. Very often, flipping a shrewdly bought parcel makes considerably more than selling super-sized soft drinks. One such instance is the recent sale…
The Dream Hotel developer says a demolition permit is needed and it has not been approved by the health department. Construction cannot begin without that approval. The hotel is to be built on top of the former Royal Furniture Store…
The first 49 units are ready for tenants at RISE Bartram Park, a 297-unit multifamily development in Jacksonville. The $60 million project is being developed by a team made up of Origin Investments and RISE. Upon its completion in March,…
JLL Income Property Trust has sold Presley Uptown, a 230-unit community in Charlotte, for $65.8 million, nearly $300K/unit. The JLL REIT paid $55 million for the project in 2019. The buyer, Eaton Vance Investment Managers also assumed the outstanding balance of a $30…
A Northmarq team led by Allan Lynch brokered the sale of Alta Filament, a 352-unit luxury multifamily property, for $107 million. The newly built community is located in the Mill District neighborhood. Northmarq represented the seller, Wood Partners. The buyer was…
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