A 119-key boutique hotel in downtown Alpharetta, GA has returned to its lender, the Atlanta Business Chronicle reported. The Hamilton, part of Hilton’s upscale Curio Collection, was foreclosed upon on July 2. An affiliate of Atlanta-based Peachtree Group was the highest…
Childress Klein is asking the city of Charlotte to rezone a 213,000 square foot office property at 2101 Rexford Road so it can redevelop the property into a mixed-use venture. If the developer gets its way, the property, Esplanade at SouthPark…
Marcus & Millichap closed the sale of MedMark Medical Center, a 12,750-square-foot medical office located in Lafayette, Indiana. The property sold for $2.6 million with a 6.6 percent cap rate. Three and a half years remain on the NN lease…
Seattle Mayor Bruce Harrell recently signed a proposed bill that would promote the conversion of vacant and underused buildings into affordable housing. The measure would help developers looking to convert existing buildings from commercial to residential uses. The proposed changes…
Newmark has arranged the sale of 90 Mountain View I, a three-story, 91,082 square-foot, Class A office and medical office project located at 9977 North 90th Street in Scottsdale. The asset sold for $11 million. Newmark Executive Managing Directors Barry Gabel,…
A turn-of-the-century navy storehouse has been converted into 78 boutique live/work units, including studio and one-bedroom apartments ranging from 540 to 930 square feet. Called Storehouse 9, the 100-year-old, four-story brick building blends original industrial architecture with modern utilitarian design…
Endeavor Real Estate Group is moving into student housing. The Austin-based firm—which already develops and manages a wide range of properties, including retail, office, multifamily and big mixed-use projects such as The Domain, Saltillo and the planned redevelopment of the…
Vista Residential Partners has broken ground on 11.7 acres on the corner of N. Main Street and Holly Springs Road in Holly Springs, NC, for the development of Main Street Vista, a 277-unit mixed-use community. Public records show that Western-Southern…
The former Duke Energy building in downtown Charlotte is going down. It needs to be demolished so Asana Partners and MRP Realty can move forward on their $250 million redevelopment plan. The Charlotte Business Journal reports the building at 526…
The Trepp CMBS Special Servicing Rate ticked up slightly in June, rising two basis points to 8.23%. Although the monthly increase was minimal, Trepp noted that it represents the sixth consecutive monthly increase. Prior to the COVID-19 pandemic, the last…
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