Tower Capital helped arrange a $19 million loan to refinance 99 townhomes developed in the first phase of Poplin Glen, a 268-unit BTR development in Charlotte. The loan replaced an original bridge loan Tower Capital arranged in July 2021 to…
Chicago-based Evergreen Real Estate Group has completed the Green Oaks of Valparaiso, a three-story, 120-unit assisted living community for low-income seniors in Valparaiso, Indiana. The $30 million project is located at 2550 W. Morthland Drive and includes 48 studio and 72 one-bedroom apartments. Evergreen Construction Company,…
Dawson Forest, a 268-unit value-add asset located outside of Atlanta, has been picked up by Viking Capital for $52 million. Viking says the asset has value-add potential with a business plan of renovations on 68% of units, equaling a $548,000 upside. The…
Koelsch Communities announced the early success of the largest campus in its portfolio – University Village – in Vancouver, Washington. Additionally, construction on its newest communities located in Bellevue nears completion, with an anticipated opening in Summer 2024. Koelsch Construction…
NAIOP SoCal President and Kidder Mathews regional president Eric Paulsen recently sounded the alarm on the lack of commercial real estate industry engagement on legislation that can prove detrimental to the industry’s interests. Actions such as emailing or calling a…
Time Equities Inc. has acquired The Armory, a student housing property near Sam Houston State University (SHSU) in Huntsville, TX. The property, which features 145 units and 502 beds, was sold by Stonemont Financial, a real estate investment and development…
Ovation Development Corp. and Coordinated Living of Southern Nevada have received financing and an agency grant to develop a 194-unit affordable senior housing project in Las Vegas. Commercial Edge reported last year, Ovation received a $60.3 million construction loan. The…
Senior Vice President Eric Rapp with Transwestern Real Estate Services represented the Kingdom Embassy Worship Center in the organization’s purchase of a church and education facility at 6 Interlachen Road in Hopkins, Minnesota. 6 Interlachen Road was sold by the…
NAI Hiffman recently joined representatives from Silver Cross Hospital and Premier Suburban Medical Group (PSMG) to celebrate the completion of the Orland Park Medical Pavilion, a two-story, 42,000-square-foot medical office building in Orland Park, a southwest suburb of Chicago. Located…
Belmont Village Senior Living and Greystar Real Estate Partners, LLC will develop Belmont Village Rancho Santa Fe, a luxury senior housing community within the gated Lakes of Rancho Santa Fe master-planned community. Groundbreaking is expected before year-end. Located at 16202 Sunny…
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