Berkadia announced today the financing of Modena Reserve at Kensington, a 135-unit, seniors housing community in Kensington, Maryland. Managing Directors Steve Muth and Austin Sacco of Berkadia Seniors Housing & Healthcare secured a $47.4 million loan through a Debt Fund…
Commercial brokerage R.W. Holmes recently brokered two industrial leases totaling 18,000 square feet at 118 Lumber Ln. in Tewksbury, MA. Lease terms were not disclosed. Cable Plus, specializing in cabling, connectivity, racks & cabinets, power solutions, hardware and tools, leased 9,000…
Solar panel maker Qcells has given its conditional commitment to a $1.45 billion federal loan guarantee to build a solar supply chain manufacturing facility in Cartersville, Georgia. Qcells’ facility will manufacture ingots, wafers, cells, and finished panels at a multi-gigawatt…
Student housing behemoth Core Spaces is hoping to build a 265-unit student housing project adjacent to the Academy of Medicine in midtown Atlanta. The Atlanta Business Chronicle reports Core is looking at a 0.8-acre site at Seventh and Cypress streets…
Inspirna, Inc., a clinical stage biopharmaceutical company developing cancer therapeutics, is relocating its offices from Manhattan to the outer boroughs. The firm has inked a 7,302-square-foot office sublease at the Alexandria Center for Life Science, located at 30-02 48th Ave….
Hilco Real Estate (HRE) has made a significant expansion of its real estate receivership practice. The Northbrook, IL-based firm hired Matthew Mason as SVP, and he brings a team with him to HRE. Mason joins HRE with 24 years of experience in real estate…
Urban Edge Properties has lost the Kingswood Center mixed-use property in Brooklyn to foreclosure, reported Trepp. The REIT had purchased the property, at 1630 East 15th St. in the borough’s Midwood section, in 2020 for $88.8 million, subject to the…
Rockefeller Group’s plans for the 60-story 1072 West Peachtree are evolving as the building is built. Rockefeller says the tower will rise more than 730 feet, making it Atlanta’s tallest residential building and its fifth tallest high-rise. Urbanize Atlanta reports…
Rebranded as The Pondry, Trevato Development Group is redeveloping the former Allstate campus in Jacksonville. The project will add residential and retail space and maintain some office space. The current campus, with two buildings, will soon have 15. An application filed…
Core Spaces and TPG Real Estate are co-developing the Hub Raleigh, a 665-unit, 2,195-bed student housing property in Raleigh, N.C. near the North Carolina State University (“NC State”) main campus. The nearly one million square foot project is currently under…
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