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Palladium USA closes funding for Embree ...

Palladium USA has closed the financing and is under construction for its sixth multi-family development for 2021 (its fifth affordable multi-family development for 2021) with the December 15, 2021 closing of its $ 26 million Embree Eastside by Palladium mixed-income apartment development. dollars located at 536 Davidson Drive in Garland, Texas. This is a 107-unit, […]

Dearborn Unified drops to holiday tourna...

The annual Dearborn Unified Holiday Tournament was held January 7-8 at the Dearborn Ice Skating Center. DU gave New Boston United a battle in the semifinals, but ultimately lost 6-4. A day later, DU claimed a victory in the consolation tournament, beating the Eastern Thumb Area Legion team 4-3. For DU (5-6-1), against New Boston, […]

JV begins construction of the Atlanta pr...

Make Covington. Image courtesy of Crescent Communities A joint venture of CP Capital United States and Red Crescent Communities began the development of the multi-family community of Render Covington in Newton County, Georgia. The 315-unit property is the first multi-family project in Covington in 15 years, following the city’s lifting of a moratorium on new […]

Schmitz will have his own day on January...

Staff Photo by Clay Schuldt Mayor Terry Sveine, right, delivered a proclamation Monday at the Park & ​​Rec meeting declaring January 14 to be Tom Schmitz’s Appreciation Day in New Ulm. Schmitz, the director of parks and recreation, receives the Clifton E. French Distinguished Services Award on January 14 from the Minnesota Recreation and Parks […]

The Outer Banks Voice – ClubCorp acquire

ClubCorp acquires ownership of the Currituck Club By Outer Banks Voice on January 10, 2022 Provides for a capital investment of $ 850,000 (ClubCorp) On December 29, 2021, Dallas-based ClubCorp officially assumed full ownership of the Corolla County, NC club, ending its 20-year lease on the property. ClubCorp has operated The Currituck Club country club […]

American Capital Group acquires land for...

KIRKLAND, Washington – (COMMERCIAL THREAD) – American Capital Group (“ACG”), a full-service real estate investment and development firm, today announced the acquisition of 4.59 acres of land in the Totem Lake neighborhood of Kirkland, Washington , for $ 30 million. The land will be used for the development of a five-story residential and commercial building, […]

Lument provides $ 48.8 million in Freddi...

NEW YORK, January 10, 2022 / PRNewswire / – Lument provided a $ 48.8 million Freddie Mac conventional loan to refinance Sanctuary at 331, a luxury multi-family community of 264 units in Santa Rosa Beach, Florida. Managing Director of Lument Steve beltran conducted the transaction. “We were delighted to work with Freddie Mac to refinance […]

Hines sells apartments in San Antonio

Retreat to the edge. Image courtesy of Hines Hines sold The Retreat at The Rim in San Antonio, Texas, to Berkshire Residential Investments. The multi-family property is located in The Rim, the largest retail mall in Texas. “Based on the performance of The Retreat at The Rim and local market conditions, Hines and our investors […]

RLJ completes acquisition of Moxy Denver...

Complete approximately $ 200 million in recycle of accretive capital in 2021 BETHESDA, Maryland, January 10, 2022– (BUSINESS WIRE) – RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced the acquisition of the 170-room Moxy Denver Cherry Creek (“Moxy Cherry Creek”) for a price of purchase of $ 51.3 million, or approximately $ 301,000 per […]

MG Properties Expands Denver Footprint W...

MG Properties Expands Denver Portfolio with 3,300 Tamarac Apartments MG Properties Group acquired the 3,300 Tamarac 564-unit apartments in Denver for $ 141 million. NorthMarq negotiated the sale on behalf of the seller, Gelt Inc., and also made a $ 91.7 million Fannie Mae acquisition loan for the buyer, according to public records. The mortgage […]