Oak Brook, Illinois-based Inland Private Capital Corporation (IPC) has completed a more than $46 million capital raise for the private investment offering of Algonquin Senior Living DST, an IPC-sponsored Delaware statutory trust. The DST owns a Class A, private pay,…
UMass Lowell is embarking on an ambitious $800 million mixed-use project on its campus, set to begin construction next year, Boston Business Journal reported. The project, which involves a 99-year ground lease of underutilized parts of the east campus to…
Thorofare Capital and Pearlmark combined to raise $40 million in financing so Grubb Properties could build out Link NoDa Phase II apartments in Charlotte. Thorofare originated $30 million for the construction loan, Pearlmark $10 million in mezzanine debt. A CBRE…
Arlington Partnership for Affordable Housing (APAH), the Fairfax County Redevelopment and Housing Authority (FCRHA), and Fairfax County officials celebrated the opening of Ilda’s Overlook Senior Residences in Fairfax, Virginia, providing 80 affordable homes for seniors aged 62 and above. Built…
Atlanta BeltLine, Inc. and Invest Atlanta have approved the selection of Culdesac, Inc. in partnership with Urban Oasis Development, to be the developers of the Murphy Crossing mixed-use redevelopment project in Atlanta’s Oakland City neighborhood and adjacent to Adair Park and Capitol View. The anticipated revitalization…
Multifamily investment management and development firm Cityview has completed Portico, a 378-unit multifamily project in Oakland’s Brooklyn Basin master-planned community. Located at 37 8th Ave. in an Opportunity Zone on the Oakland Estuary, the property has launched leasing, with rents starting…
Aegis Living has opened its 37th community in Seattle’s Ballard neighborhood, Aegis Living Ballard. Located at 949 NW Market Street, the four-story building features 88,000 square feet of space and 92 assisted living apartments with studio, one and two-bedroom options….
Berkadia secured financing for the acquisition of Colonial Forest and Northwood Apartments, two garden-style multifamily properties with a combined 328 units located in Jacksonville. Both complexes have been the subject of numerous news stories reporting on the condition of the…
ShainRealty Capital, a Los Angeles privately-owned real estate investment firm, has sold a 96-unit Chicago apartment building, known as Madison Terrace, for $11 million. The transaction marked the firm’s last holding in the Chicago multifamily market. Interra Realty’s Lucas Fryman…
The Urban Land Institute Chicago (ULI) has released a new report that calls on the city to take bold measures to reduce the amount of greenhouse gas emissions from buildings. ULI Chicago brought together 50 area stakeholders, including industry experts,…
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