Wells Fargo is launching a competition for ambitious ideas as part of a $1B pledge to tackle what it sees as the national housing affordability crisis. The banking giant is partnering with affordable housing nonprofit Enterprise Community Partners on the Housing Affordability Breakthrough Challenge. The…
Private equity real estate investment firm Eller Capital Partners has announced the launch of a new multifamily acquisitions fund focused on major metropolitan areas in the Southeast. Eller has set a target of $50 million for a new fund and…
For years, Place Properties developed its apartments the traditional way: find a site, bring in the materials and use crews to build it from the ground up. But Place CEO Cecil Phillips is now all-in on a new way of developing apartments:…
Buildings at 152 Nassau St. in Downtown Atlanta, recently razed to make way for a Margaritaville Hotel. A developer has taken a large step closer to letting Atlanta visitors waste away in Margaritaville for the first time. Landmark Builders filed permits Monday with…
Jim Sewell and Erika Maston have been hired to CBRE’s Capital Markets team based in the firm’s Charleston office. The two will focus on the sale of institutional multifamily communities throughout South Carolina and Coastal Georgia. Sewell and Maston join…
Bankrupt retailer Forever 21 Inc. is setting its sights on e-commerce sales outside the United States, where consumer spending is rising rapidly. In partnership with international e-commerce platform Global-e, Forever 21 has revived its international e-commerce site, Pacific Business News reports. Its goal…
TA Realty has acquired Two Greenway Centre, a five-story office building in Franklin, TN. The sales price was $43.5 million, according to various media outlets. The 155,000-square-foot property is located at 302 Innovation Dr., 16 miles south of Nashville. Charlotte-based…
Milwaukee-based private commercial real estate firm Phoenix Investors has acquired a 1.4 million-square-foot industrial facility in Memphis. The sales price and seller were not disclosed. Built in 1973 with an addition in 1981, the property is a former distribution center…
Integra Realty Resources (IRR) is expanding its Michigan footprint, acquiring Grand Rapids, MI-based Genzink Appraisal Company. The valuation and consulting firm’s second office in Michigan and 54th overall, IRR—Grand Rapids will be under the management of IRR’s newest shareholder Jeffrey…
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