Developer Crescent Communities, along with global private investment firm Starwood Capital Group, has announced plans for a new mixed-use community in Nashville’s Edgehill neighborhood. The community is located at 801 12th Ave. South, within an opportunity zone and will include…
Last year, Tampa-based American Landmark Apartments went on a buying spree, picking up 30 assets with about 6,000 units worth $1.7B. This year, it wants to buy up to $2B more. Courtesy of Joe Lubeck American Landmark CEO Joe Lubeck American Landmark…
NKF has secured an $81.4 million loan for the acquisition of the DoubleTree by Hilton Nashville Downtown. The buyer was AWH Partners and an affiliate of The Inland Real Estate Group. The 341-room property is located in downtown Nashville and…
Phillips Realty Capital has secured $27.8 million in equity financing on behalf of Woodfield Development for the development of Morrison Yard, a 380-unit multifamily community in Charleston’s NoMo neighborhood. Construction has commenced on the site, which will consist of a…
Greeting card and stationery chain Papyrus is closing all of its North American stores, with most of the closings due to take place over the next four to six weeks, USA Today reported. The chain’s parent company, Goodlettsville, TN-based Schurman Retail Group,…
Atlanta-based hamburger chain Krystal has filed for Chapter 11 Bankruptcy. The company reported assets between $10 million and $50 million, and liabilities between $50 million and $100 million. The fast-food chain operates 182 restaurants across nine states, Georgia, Tennessee, Alabama,…
Cushman & Wakefield has arranged the $169 million sale of an eight-property, 1,544-unit portfolio in Georgia and South Carolina. National real estate firm Capital Square 1031 acquired the portfolio. The portfolio includes six properties in Macon, Warner Robins and Augusta,…
Wells Fargo is launching a competition for ambitious ideas as part of a $1B pledge to tackle what it sees as the national housing affordability crisis. The banking giant is partnering with affordable housing nonprofit Enterprise Community Partners on the Housing Affordability Breakthrough Challenge. The…
Private equity real estate investment firm Eller Capital Partners has announced the launch of a new multifamily acquisitions fund focused on major metropolitan areas in the Southeast. Eller has set a target of $50 million for a new fund and…
For years, Place Properties developed its apartments the traditional way: find a site, bring in the materials and use crews to build it from the ground up. But Place CEO Cecil Phillips is now all-in on a new way of developing apartments:…
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