A North Carolina developer has acquired a large parcel of land in Durham, five months after receiving rezoning approval from the city for a 300-acre mixed-use development. Charlotte-based Beacon Partners bought 119 acres in southeast Durham in a $20M deal with…
Courtesy of Merriman Schmitt Architects Construction is well underway on the final undeveloped site in the Pineville industrial corridor in the Charlotte metro area. The last large-scale development there, the Pineville Distribution Center, will be a 194K SF Class-A industrial facility…
While the construction pipeline in Charlotte has encountered some hurdles, with vacancy remaining high and deals slowing, there’s still a positive outlook for the multifamily and build-to-rent markets. A growing population, a robust job market and increased demand for rentals have…
Lument announced the placement of a $14 million CMBS loan to refinance Mi-Place at Vineyards, a 41-unit, 65,000-square-foot retail mixed-use development in Lewes, Delaware. Ben Retter, a director on Lument’s debt capital markets team, led the transaction. The CMBS loan…
Colliers arranged the 119,044-square-foot lease of Building 2 within Sanyo Logistics Center at 9350 Airway Rd. in San Diego’s Otay Mesa submarket. Reportedly it’s the largest new lease completed in size and deal value in the past 12 months in…
Arctaris Impact Investors, LLC and Housing Diversity Corporation (HDC) announced the opening of Liv DTLA, an eight-story, 227-unit affordable housing development designed to address Los Angeles’ severe housing shortage. The project was co-sponsored and developed by HDC, while Arctaris Impact provided critical project funding. The…
Green River Builders and ARC Multifamily Group obtained a construction loan, allowing them to proceed with a 282-unit multifamily development in Monroe, Georgia. The $42.7 million loan is for The Jax, a garden-style apartment complex. Green River is based in…
Belmont Village Senior Living has opened Belmont Village San Ramon, its fifth Bay Area development and 16th California community. Located at 1000 Walnut Dr., the 177-unit property was developed in partnership with Sunset Development and is located within the Bishop…
Next month, construction on The District, a 66-acre project near I-35 and State Highway 45 Toll Road in Round Rock, will get underway. The project is slated to total nearly 4 million square feet, including 2 million square feet of…
BWE has secured a $20 million loan to provide permanent financing for Lake Place, a 110-unit luxury active adult community in Chanhassen, Minnesota, part of the Minneapolis metropolitan area. Lundat Kassa, vice president in BWE’s Washington, D.C. office, originated the…
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