Real estate investment and development executive Don Peebles and private equity veteran Doug McNeely are launching a fund targeting the country’s oversupply of office space. Bisnow/Ciara Long 25 Water St. in Manhattan, known as SoMA, is the largest office-to-resi conversion in the country,…
The Texas A&M University System’s Board of Regents approved over $141 million for statewide construction projects. $80 million will fund Student Housing Phase III and Dining Project at Texas A&M San Antonio. The project will add 300 new student beds…
The New York City Council has approved the Science Park and Research Campus (SPARC) Kips Bay and Innovation East projects. The vote completed the public review process for the two projects in Manhattan’s Kips Bay neighborhood, which the New York City Economic…
KeyBank Community Development Lending and Investment (CDLI) provided a $15.5 million construction loan, a $3.18 million permanent loan and $17.7 million in low-income housing tax credit (LIHTC) to finance the new construction of The Grand and The Glen, a two-site…
Investcorp completed four student housing acquisitions totaling nearly 3,000 beds for a gross transaction cost of over $300 million. The acquisitions include two in Texas and one each in Oklahoma and Kentucky. The Texas properties are: · A 792-bed, 99%-occupied property…
CRG, a national real estate development and investment firm, has delivered two off-campus student housing communities: Chapter Madison, neighboring the University of Wisconsin-Madison, and Chapter Eugene, near the University of Oregon. Both developments are located within a five-minute walk of…
The City of Atlanta and Dominium have opened two residential communities reserved for low-income tenants. The two projects will house over 1,000 seniors and families and are expected to cost $140 million to build. Briar Park (photo) and The Paramount…
Land development company Taylor Builders LLC has chosen Sacramento-based Capital Rivers Commercial to lead the retail side of its projects. Capital Rivers Commercial, led by CEO Greg Aguirre, said it will handle the marketing and development of retail centers in various projects, including those…
Fortune Holdings has picked up three Class C multifamily properties in West Charlotte. Fortune paid $49.6 million for the group. Capstone Companies, the broker in the deal, says the transaction is the largest Class C portfolio transaction by unit count…
Vestcor and Group 4 Design have received approvals from Jacksonville to begin construction on two affordable apartment complexes, in different parts of town. The Vestcor Cos. received a $13.1 million permit for the construction of the Gavin Point Apartments on…
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