Penzance, along with its partner TriWest Multifamily, acquired Stoney Trace Apartments, a 380-unit multifamily community in Charlotte. Penzance purchased Stoney Trace from Bridge Investment Group for $59.8 million. Bridge purchased it in 2019 for $42.1 million. Stoney Trace is located…
The Clear Blue Co., Urban Campus and Core and Born Again Church have raised over $100 million from numerous sources to start construction on Northview Housing Development, a 254-unit affordable senior housing community in Nashville. STG Design and Thomas & Hutton…
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…
Fairfield Residential acquired Chroma Park Apartments in Cobb County for a combined $63.4 million. The company paid approximately $173,700 per unit for the community, which features 365 apartments with one-, two- and three-bedroom floor plans. The Atlanta Business Chronicle reports Fairfield…
Skender recently broke ground on Deerfield Supportive Living, a 105,000-square-foot project that will provide supportive senior housing at 1101 Lake Cook Road in Deerfield, Illinois. Developed by Celadon Partners, the four-story building will feature 147 affordable senior living apartments. Skender…
The wrecking ball is coming for the Atlanta Medical Center. The Integral Group hired a contractor to tear down the Atlanta Medical Center. Integral and Wellstar Health System, the building owners, planning to replace the shuttered hospital with a mixed-use…
Adelaide Polsinelli, vice chairman, and Trystan Polsinelli, senior executive director of Compass Commercial, finalized the sale of a 16,000-square-foot retail condo with 160 feet of wraparound frontage located at 350 6th Ave., also known as 88 Washington Pl., on the…
A Jacksonville-area river water planning district okayed a permit for Southbank to build a 125-slip marina at part of the RiversEdge project. Preston Hollow Community Capital’s massive, mixed-use project includes retail, office, restaurants, a hotel, hundreds of residential units and…
Melmark, a national leader in the human services field, will break ground in early 2025 on the development of an adult community on a three-acre site in Tewksbury, MA. The project is intended to address an increasing need in Massachusetts for adult…
KeyBank Community Development Lending and Investment (CDLI) provided a $15.5 million construction loan, a $3.18 million permanent loan and $17.7 million in low-income housing tax credit (LIHTC) to finance the new construction of The Grand and The Glen, a two-site…
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