Work is heating up at the site for the East Civic Tower, the new city hall complex at the corner of Hargett and McDowell streets across from Nash Square. The site is next to the city’s current municipal complex. The Triad…
Windsor Stevens has raised $56 million for a multifamily development on Atlanta’s Westside. The Proctor, located at 698 Oliver St. NW, will have 137 residential units, 41 of which will be affordable. The 41 affordable units will be in a…
Vista Residential Partners obtained a $43.6 million construction loan to build a 320-unit apartment complex in Charlotte, at 8011 Krenfeld Dr. A JLL Capital Market’s Debt Advisory team led by Matthew Schoenfeldt, secured the three-year, non-recourse floating-rate construction loan through…
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…
Kennedy Wilson has closed senior construction loans for the development of three student housing projects totaling $184 million at the University of Wisconsin – Madison, University of North Texas and University of California, Berkeley. These recent deals, completed through Kennedy…
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…
Affinius Capital LLC originated a $135-million loan to finance the ground-up development of Perris Gateway, an 850,000-square-foot industrial development in Perris. Bank OZK provided the senior portion of the loan, while Affinius Capital originated the subordinate portion. The loan was provided to a…
Portman, 908 Group, Canyon Partners Real Estate and PTM Partners have partnered up to develop a student housing project (“The Hall”) on the Florida State University (“FSU”) campus across from Legacy Hall, the future home for the FSU College of…
The U.S. will set a record for new apartment deliveries for the third year in a row, with developers on track to complete more than 518,000 new rental units in 2024, according to a recent report by RentCafe. 2024 is the…
Puyallup Tribal Enterprises (PTE) has announced the creation of the Tribe’s own construction company, Tahoma Construction Services (TCS), to handle the tribe’s growing portfolio of construction projects. TCS will specialize in commercial and residential projects. One of its first will…
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