The Menkiti Group celebrated the grand opening of 526-536 Main St., a transformative mixed-use redevelopment in Worcester, MA’s historic Theatre District. The restored building, historically known as the Ransom F. Taylor Block, now serves as a hub for office, commercial and retail activity, including…
MonticelloAM, a specialized multifamily and seniors housing bridge lending platform, closed an $87,150,000 bridge loan for 39 residential assisted living communities in Fresno. The borrower was not disclosed. Expanding its relationship with MonticelloAM, the borrower plans to use the bridge loan…
Walker & Dunlop arranged $23.9M in construction equity for Emberwood, a to-be-built senior affordable housing apartment complex located in Casa Grande, Arizona. The W&D Affordable Equity team led by Aaron Krasnow arranged the equity on behalf of the client, Roers Companies. ($23.9 million 4% LIHTC and…
Fuquay-Varina had 18,000 people in 2010. Now it’s near 40,000, and town leaders are moving fast to accommodate the growth. A rezoning was for nine parcels totaling 87.98 acres that went from residential agriculture to commercial mixed-use. A development, to…
Newmark Group has arranged a $400 million credit facility for PORT 32 Marinas to refinance its existing portfolio of coastal marinas, and to fund the future acquisition of marinas. Newmark’s Jordan Roeschlaub, Chris Kramer and Jonathan Firestone arranged the financing, which was provided by…
The global financial sector is anticipated to grow, not just in 2025 but through 2030. In addition, banks and other institutions plan to boost their workforces by looking for talent with skills in data analytics, AI, cybersecurity, and software engineering….
Asset performance outlooks across many North American structured finance sectors are deteriorating for 2025, Fitch Ratings reported, noting that higher-leveraged and lower-income borrowers especially vulnerable to affordability and refinancing challenges. A cooling labor market is likely to offset some of…
KHP Capital Partners plans to convert the historic Johnston Building into a 245-room hotel. To be called The Beckwith Hotel, the 100-year-old, 17-story office tower at 212 S. Tryon St. will be gutted and whats renovated will be designed by…
SouthState Bank leased 87,000 square feet at the 19-story Prominence building, making it the building’s largest tenant. That means it gets to plaster its name on the top of the building. The Atlanta Business Chronicle reports that Prominence, the tower…
Virco Manufacturing, a supplier of furniture and equipment for K-12 schools, has signed a multi-year renewal of its 559,000-square-foot space in the Prologis-owned 2027 Harpers Way in Torrance. It represents the first lease renewal for The Klabin Company/CORFAC International that involves the…
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