As part of the city’s efforts to eliminate “blight” and improve communities, the Detroit Construction & Demolition Department has demolished its 100th commercial property since January 2023. The long-vacant Charles Hanneman Elementary School located at 6420 McGraw, was the ceremonious 100th site….
Greystar was selected, along with the development firm’s nonprofit partner, Provident Resources Group, by the University of Washington’s Board of Regents to lease four University-owned student housing properties. In addition to taking over management of the Nordheim Court and Radford…
The Dermon Building in Memphis was built 99 years ago, designed as an office building. It’s been vacant since 2010, but now a group is moving forward with a hotel. Turkey Creek Hospitality and Hospitality Builders of America are heading…
Woodfield Investments and Argosy Real Estate Partners have secured $120 million to refinance the recently completed Morrison Yard Residences, a 379-unit rental project in Charleston. CBRE arranged the loan for the venture, which also includes 27,608 square feet of ground-level…
JLL has arranged the $79 million refinancing of Marina Square, a 270-unit, newly built, luxury apartment community located on the Puget Sound waterfront in Bremerton, Washington. The JLL Capital Markets Debt Advisory team was led by Senior Director Seth Heikkila,…
Hall Emery and Woodfield Development are planning a 22-story high-rise apartment building at the Music Row roundabout. The Nashville Business Journal reports the project will be referred to as Demonbreun Hill and include 333 units with 10,000 square feet of…
Net lease advisory firms NNN Pro and STNL Advisors have completed strategic partnerships with newly branded investment holding company SURMOUNT. Headquartered in New York, SURMOUNT is an institutional platform focused on investing and partnering with growth-oriented real estate companies, and…
Kairoi Residential is expecting to invest $500 million on projects in Charlotte. So far, the company has a handful of properties in various stages of planning. Its first, which is under construction now, is 5Line, a community in the lower…
Avison Young closed the $23.5-million sale of a 201-bed senior housing facility located at 6700 Sepulveda Blvd. in Van Nuys. Situated on just over two acres of land, the property totals 49,818 square feet. Principal Peter Sherman, based in the firm’s…
JLL Capital Markets closed the recapitalization of Lido Marina Village, a 3.06-acre, coastal mixed-use shopping center located in Newport Beach. JLL represented the existing ownership, DJM Capital and Arc Capital Partners, through a partnership with Belay Investment Group, in the transaction…
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