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….
Braves Development, SK Commercial Realty and Goldenrod Companies have joined forces on a mixed-use development in Cobb County, not far from the home of the Atlanta Braves, Truist Park. The Henry will include about 650 apartments, 54 condos, a 250-key…
Marquette Companies has completed The Thompson at Fulton Market, a 210-unit mixed-use apartment building at 150 N. Ashland Avenue, on the former Mary Thompson Hospital site in Chicago’s Fulton Market neighborhood. Named for Dr. Mary Thompson, Chicago’s first female doctor…
Another old concrete building is being transformed into something new and different; this time, senior housing in San Antonio. The former National Grocer Company is giving way to the Grocer Lofts, a 48-unit project headed up by American Agape Foundation…
Cambridge Properties plans to knock down a shuttered Kohl’s department store in Charlotte and build a 300-unit apartment project along with ground-floor retail space and a parking garage. Cambridge has already begun on a separate 400-unit rental community and 90,000…
JLL has arranged the $11.8 million refinancing of 2909 Oliver, a 192-unit and 504-bed student housing community located at Wichita State University in Wichita, Kansas. JLL represented the borrower, Calidus to secure the five-year, fixed-rate loan through through Freddie Mac…
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