Numerous professional sports teams have developed sports and entertainment districts adjacent to where the teams play. Now, a major college hopes to imitate the success of those developments. Carter and Front Street Capital, in partnership with the City of Winston-Salem…
Driven by the retail sector, the Trepp CMBS Delinquency Rate continued its uphill climb in September 2024, rising 26 basis points to 5.70%. Although most of the major property types contributed to the rise in the overall rate, retail contributed to about…
The Dilweg Cos. turned ThExchange office park in Charlotte over to Ares Management, the Charlotte Business Journal reported. The property’s $68.6-million loan matured in May and became nonperforming that same month. Ares initiated foreclosure proceedings on the property at 5510…
Nashville is expected to be home to a new dual-branded hotel. Dream Capital Management has filed plans with the Metro Planning Department to build an eight-story project that will include two Marriott-brands, on Fifth Street near the East Bank. Plans indicate…
Walker & Dunlop has arranged $72.7 million in construction loan proceeds for Vintage Lake Powell, a 289-unit, Class A, mixed-use apartment complex in Panama City Beach, Florida. TDK Construction and Oldacre McDonald are developing the project at 24000 Panama City Beach Parkway. The W&D…
The City of Atlanta and a team of developers are ready to move forward with the redevelopment of Mall West End. The 12-acre site will be redeveloped into a mixed-use project led by BRP Companies and The Prusik Group. The…
Nassimi Realty has acquired Joffco Square, a retail center located at 555 West Roosevelt Road in Chicago’s South Loop, for $9.25 million. The 100,000-square-foot property, purchased at $92 per square foot, was previously acquired by the prior owner for $27…
Canyon Partners Real Estate LLC, The Martin Group and Valiance Capital formed a joint venture to develop The Valiant, a new Class-A student housing community near the University of California at Berkeley. Construction is scheduled to begin immediately, with completion…
Aja Constructions paid $13.5 million for land off Fayetteville Road just south of the Highway 70 split. The Town of Garner rezoned the 43-acre site in late 2023 to allow for 654 multifamily units and 40,000 square feet of retail…
Lalani Ventures is working with Exact Capital on a mixed-use, mixed-income at Underground Atlanta, a project Lalani is developing. Underground Atlanta is a shopping and entertainment district located in the city’s Five Points neighborhood. The project has a price tag…
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