MAA sold the 216-unit South Tryon Apartments in Charlotte for $41.8 million. The buyer was McDowell Properties. Northmarq’s team of Andrea Howard, Allan Lynch, John Currin, Caylor Mark, Jeff Glenn and Austin Jackson represented MAA. Northmarq’s Howard added, “With over 20 years of institutional ownership by MAA,…
Read King is exploring building 336 apartments and retail next to Balmoral, a community in Atascocita. Public filings peg the cost of the development at $60 million. The planned development, called The Market at The Groves, is at Woodland Hills…
New City is asking Metro Atlanta for permission to include 780 new apartments in its $1 billion Atlanta Beltline Eastside Trail project. There is no timeline for when the project will begin. The Atlanta Business Chronicle reports New City will…
Berkadia arranged the financing of two Jacksonville apartments. The refinancing, which amounted to $73 million for both multifamily properties, was on behalf of ROI Capital. Brad Williamson, Wesley Moczul, Mitch Sinberg, Matt Robbins and Scott Wadler all had a hand…
CIM Group is rethinking its plan to build 60 apartments. Instead, the lead developer of Centennial Yards is planning to build a 127-room hotel at 88 Elliott Street. The project would include street-level retail. The Atlanta Business Chronicle reports Atlanta…
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…
Wood Partners sold an Antioch apartment complex for $86 million. The firm sold the Corban Farms at Cane Ridge apartment complex to Bonaventure. The complex offers 330 units across multiple buildings that sit on a 39-acre site located at 3144…
LG Development Group has locked up a $100 million construction contract for a 20-story tower at 1711 Broadway in Nashville. Sumitomo Mitsui Banking Corp. provided the financing. The LG paid $14.1 million for the Midtown property near the intersection of Broadway…
Madison Capital Group has closed $34.3 million in financing for the development of Madison Aquiline, a luxury garden-style multifamily community in Raleigh, Durham and Chapel Hill’s Research Triangle. Centennial Bank is providing the financing for the Apex project. Madison Capital Group’s…
The Integral Group unveiled Veranda at Assembly, a residential phase of the master-planned development on the site of the former General Motors plant. Assembly is a 165-acre mixed-use development that has already introduced commercial, entertainment, and job opportunities to the region. Once…
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