Privately-owned global real estate investment firm Hines has announced that it has opened a new investment and development office in Raleigh. The office will be led by Paul Zarian, who will be responsible for sourcing and executing new development and…
SVP Francisco Nacorda of Mag Mile Capital completed $23,650,000 in CMBS loans for three hotels as part of a Michigan select service hotel portfolio on behalf of the borrower, Stellar Hospitality. The three transactions cover a Staybridge Suites in Grand Rapids, a…
Developer KDC has announced a partnership with the Research Triangle Foundation of North Carolina to build one million square feet of office space in North Carolina’s Research Triangle Park. The new office space will be located on 100 acres of…
Hunt Real Estate Capital provided two Freddie Mac conventional loans totaling $18.3 million to refinance two multifamily properties located in Michigan for the same sponsor, ROCO Real Estate LLC. Both loans have a 10-year term with a 30-year amortization period. “The borrower is a repeat…
Developer Crescent Communities, along with global private investment firm Starwood Capital Group, has announced plans for a new mixed-use community in Nashville’s Edgehill neighborhood. The community is located at 801 12th Ave. South, within an opportunity zone and will include…
Cushman & Wakefield, in partnership with Avison Young, has brokered the sale of a multifamily portfolio consisting of three apartment communities in the Southeast. The sales price was not disclosed. Jimmy Adams, Tai Cohen, Taylor Bird and Marc Robinson of…
Last year, Tampa-based American Landmark Apartments went on a buying spree, picking up 30 assets with about 6,000 units worth $1.7B. This year, it wants to buy up to $2B more. Courtesy of Joe Lubeck American Landmark CEO Joe Lubeck American Landmark…
NKF has secured an $81.4 million loan for the acquisition of the DoubleTree by Hilton Nashville Downtown. The buyer was AWH Partners and an affiliate of The Inland Real Estate Group. The 341-room property is located in downtown Nashville and…
Phillips Realty Capital has secured $27.8 million in equity financing on behalf of Woodfield Development for the development of Morrison Yard, a 380-unit multifamily community in Charleston’s NoMo neighborhood. Construction has commenced on the site, which will consist of a…
Greeting card and stationery chain Papyrus is closing all of its North American stores, with most of the closings due to take place over the next four to six weeks, USA Today reported. The chain’s parent company, Goodlettsville, TN-based Schurman Retail Group,…
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