Four commercial property sectors saw monthly fluctuations in their CMBS delinquency rates of 40 basis points or more in December 2024, Trepp reported this week. Lodging delinquencies declined 78 bps to 6.14%, but the other three property types saw increases…
AJ Capital Partners and Simon Property Group are joining forces on a massive luxury outlet mall in Nashville. The project, dubbed Nashville Premium Outlets, includes a 325,000-square-foot mixed-use center with approximately 75 retailers, restaurants and a hotel. The project could include residential…
LV Collective and Culpepper Realty Co. are moving forward on a new luxury student-oriented multifamily housing development in College Station, Texas. This housing project, located across from Texas A&M University at 313 College Avenue, is the first of three planned…
Halstatt Real Estate Partners, along with Development Ventures Group and Ustler Development (Partnership), has sold UnionWest at Creative Village, a mixed-use student housing tower in Orlando, Fla. Provident Resources Group purchased the asset, which was funded through the offering of…
Hines is partnering with the Aubrey Corporation to create a new employment center and mixed-use village consisting of over 2,390 acres in Bartow County, Georgia. Once complete, the mixed-use development will include up to ten million square feet of new…
Retail cap rates have increased across all sectors, with the dollar store and grocery sectors seeing rises of up to 23 and 19 basis points, respectively, B+E said in its latest net lease cap rate report. However, other sectors have…
Flournoy Development Group has wrapped up construction on the 341-unit, mixed-use community Ellison Mallard Creek in Charlotte. The community is located at 930 West Mallard Creek Church Rd. Ellison Mallard Creek features 210 one-bedroom units, 149 two-bedroom homes and 38…
Blue Heron Asset Management sold The Linden Apartments to Continental Realty (CRC) for $49.5 million. Blue Heron paid $28.5 million for the property in 2018. The apartment complex at 605 Jetton St. is just off Exit 30 of Interstate 77,…
Franklin Street’s Retail Services team has been selected to lead leasing for The Promenade at Town Center, a 230,000-square-foot mixed-use development in Palm Coast, Florida. The development includes 204 residential units and 57,000 square feet of commercial space, targeting a…
Continental Realty Corporation (CRC) has completed the sale of Governors Commons, a neighborhood shopping center located at 7311 Governor Ritchie Highway in Glen Burnie, Maryland, for $9.57 million. The recent disposition follows three previous parcelization executions at the asset resulting…
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