CenterSquare Investment Management has announced a joint venture partnership with one of the country’s largest state pension funds. The joint venture is focused on institutionalizing the niche Essential Service Retail (ESR) sector and seeks to acquire 30 to 40 properties…
Areté Collective and the Wasatch Group closed on a $106 million financing for Thomas Ranch, a residential community in Spicewood, Texas. The non-recourse, tax-exempt bond, underwritten by D.A. Davidson’s Development Finance Group, will provide the developer with proceeds to implement its 2,200-acre master plan…
With the rate of office-to-residential conversions accelerating, a new venture has formed with plans to pursue $1B of the notoriously complex developments. The former New York City FBI headquarters building converted to apartments by TF Cornerstone at 201 E. 69th St….
Up Campus Properties is proposing a 950-unit student housing project at Rural Road between Apache Blvd. and University Drive in Tempe. The project, which will have 2,391 bedrooms, will be reviewed by a Tempe town development review committee. In addition…
Toro Development Company (TDC), secured financing for Medley, the $560 million, 43-acre mixed-use community coming to Johns Creek. The milestone paves the way for Medley’s groundbreaking in December, with an anticipated opening in late 2026. The deal includes an equity…
Ray and VeLa are again combining on a multifamily community, this one in Nashville. The 32-story, 367-unit Ray Nashville project will be valued at $211 million. Construction financing for Ray Nashville was provided by J.P. Morgan and Monroe Capital and…
A lot has been written about Acadia’s ambitious project: buying up as many as a dozen Henderson Avenue properties to develop one large mixed-use project. Acadia spent $85.4 million in 2022 on individual parcels along the corridor. Acadia has partnered with Dallas-based…
Charlotte citizens are huge car racing enthusiasts. The Charlotte Motor Speedway is home to one of NASCAR’s premier events, and a team affiliated with NASCAR wants to capitalize on the sport’s popularity. The Speedway and NASCAR team owner Rick Hendrick…
A site plan filed with the city of Charlotte shows Flournoy Development Group wants to build as many as 560 multifamily units and up to 20 townhomes on land that once was expected to be part of Centene’s $1 billion…
Student housing behemoth Core Spaces is hoping to build a 265-unit student housing project adjacent to the Academy of Medicine in midtown Atlanta. The Atlanta Business Chronicle reports Core is looking at a 0.8-acre site at Seventh and Cypress streets…
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