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…
Korea-based LG Chem has started work on the company’s 420-acre site in Clarksville, northwest of Nashville. LG Chem is investing $3.2 billion to build factories to make cathode material for batteries that will power electric vehicles. The cathode is a…
Hanley Investment Group Real Estate Advisors arranged the sale of a new-construction, single-tenant Raising Cane’s Chicken Fingers Double Drive-Thru restaurant within Santa Maria’s Enos Ranch mixed-use development for $5.1 million. VPs Alexander Moore and Sean Cox, along with EVP Kevin…
El Segundo-based Beta Agency has completed the sale of a Rally’s fast-food restaurant in Porterville. Adam Friedlander, SVP of Beta, represented both the seller and buyer of the 30,056-square-foot property located at 1230 W. Henderson Ave. The sale price was…
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,…
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