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KORMAN COMMUNITIES, RXR ENTER THE PHOENI...

AVE Phoenix Terra Newest, state-of-the-art, mid-size rental community in downtown Phoenix offers flexible apartment leases, unparalleled 60,000 square feet of amenities space and a friendly, first-class service team . Phoenix, AZ, March 16, 2022 (GLOBE NEWSWIRE) — Korman Communities, in partnership with RXR, has completed the purchase of its first property in the Phoenix market. […]

Clarion Partners JV closes Phoenix big d...

Esplanade I A partnership between Monarch Alternative Capital and Tourmaline Capital Partners completed the acquisition of The Esplanade, a four-building office complex totaling 906,459 square feet in Phoenix’s Camelback East submarket. The seller is a joint venture between Clarion Partners and LBA Real Estate. Although the sale price was not disclosed, the deal is valued […]

Construction begins on 25 North Lex, a 5...

Greystar Real Estate Partners has opened 25 North Lex, a high-rise rental property located at 25 North Lexington Avenue in White Plains, New York. Located in the city’s downtown area, the development will contain 500 rental apartments, 60,000 square feet of amenities and 19,000 square feet of retail space on the ground floor. The project […]

Venterra is selling a 261-unit community...

Bala Woods in Kingwood. Image courtesy of Venterra Realty Venterra Real Estate sold Bala Woods in Kingwood, a 261-unit community in the Kingwood area of ​​Houston, after more than eight years of ownership. Cantor Fitzgerald purchased the property, with Citibank providing a $27.5 million loan for the acquisition, according to Montgomery County records. Spanning 17.4 […]

What $900,000 buys you in Virginia, Loui...

Hopewell, Virginia | $895,000 A 1912 Greek Revival house, with five bedrooms and three bathrooms, on a 1.1 acre lot This house, known as Miami Lodge, has been owned by the same family for 60 years. Aside from fresh paint and updated structural systems, it has remained virtually unchanged since it was built over 100 […]

CIM Group provides $343.8 million loan f...

ATLANTA–(BUSINESS WIRE)–CIM Group, a community-driven real estate and infrastructure owner, operator, lender and developer, today announced that a fund managed by CIM has closed a $343.8 million loan to finance the acquisition of Bank of America Plaza, a 55-story Class A office tower in Atlanta, by CP Group and investment funds managed by HPS Investment […]

SUBSIDIARY OF PHOENIX INVESTORS ANNOUNCE...

CLEVELAND, March 9, 2022 /PRNewswire/ — A subsidiary of Phoenix Investors (“Phoenix“), a national private commercial real estate company headquartered in Milwaukee, Wis.entered into a definitive purchase agreement to acquire Nela Park in Cleveland, Ohio. Nela Park is home to GE Lighting, a Savant company, and is considered the world’s first industrial park. With this […]

Thompson Thrift Residential to develop l...

FORT COLLINS, Colo., March 9, 2022 /PRNewswire/ — IndianapolisThompson-based Thrift Residential, one of the nation’s leading multi-family developers, today announced that it has opened The Quarry, a 319-unit Class A multi-family community in Fort Collins. Resident move-ins are expected to begin in early 2024. “Our team was able to secure the only large expanse of […]

Aspen Athletic Club Building hits the ma...

The Aspen Athletic building, seen here on Tuesday afternoon, recently went on the market for $29.95 million. (Kelsey Brunner/The Aspen Times) The downtown Aspen Athletic Club Building went on the market this month for $29.95 million and includes rights to build two top-floor penthouses currently used by a fitness club. The price includes the entire […]

JV to develop 295 multi-family units in ...

JACKSONVILLE, FL – EJF Capital LLC and Chance Partners LLC plan to develop a three-building, 295-unit, multi-family community located in an opportunity area in Jacksonville, FL’s St. Nicholas neighborhood. The partnership will build the project, titled Southgate, on two parcels of land totaling 9.5 acres. The companies expect delivery in the fourth quarter of 2023. […]

Private equity firm chooses new office n...

First Reserve Corp., a private equity firm focused on investing in companies in the industrial and energy sectors, will relocate from downtown to San Felipe Plaza, a 46-story office tower located at 5847 San Felipe, near the neighborhoods of Tanglewood and Briargrove in the Galleria area. Construction of the space, totaling approximately 15,000 square feet, […]

Sandy Springs apartments sell for $106 m...

Courtesy of The Carlyle of Sandy Springs. A Washington, DC-based real estate investor has purchased a 389-unit garden apartment community in Sandy Springs for $106 million. Courtesy of Google Maps. Located at 501 North River Parkway, the Carlyle of Sandy Springs was built in 1972 and offers one, two, three and four bedroom apartments. About […]

BREAKING NEWS: White Plains Plaza sells ...

White Plains Plaza, a complex of two 15-story office buildings, has been sold for $105 million, the Business Journal learned this afternoon from real estate services company Newmark, which markets the property. The affected buildings are located at 1 N. Broadway and 445 Hamilton Ave. The buyer is a New York-based private investment firm, Argent […]

End of the mandate of the RI mask, excep...

COVID-19 kills 900,000 in the United States: Omicron could live longer The United States has surpassed 900,000 deaths from COVID-19, as health officials urge more people to get vaccinated and given booster shots. STAFF VIDEO, USA TODAY Rhode Island’s last statewide indoor mask mandate will end Friday morning, allowing people to enter stores and offices […]

Newmark completes $129 million sale of 2...

Boston—Newmark announced the $129 million sale of 225 & 235 Presidential Way, a two-building office/research complex occupied by Raytheon Technologies and located in the Boston suburb of Woburn, Massachusetts. Alexandria Real Estate Equities Inc. purchased the property. Robert Griffin, co-head of Newmark’s U.S. Capital Markets, Vice Chairman Edward Maher, Executive Managing Director Matthew Pullen and […]

Schweitzer’s new hotel opens its doors

SANDPOINT – Schweitzer, the largest ski resort in Washington and Idaho, has announced the opening of its new hotel, the Humbird. The 31-room boutique property offers ski-to-door access to Schweitzer’s 2,900 acres of skiable terrain. The hotel offers a sleek, updated version of the classic ski lodge with stunning mountain views and close proximity to […]

Apartment complex sale sets Lee County u...

The unit selling price of apartments in Lee County has risen again. Drift at the Forum, a 194-unit apartment complex at 3417-3425 Forum Boulevard in Fort Myers, sold for $62.5 million on Feb. 4, making it one of the biggest sales ever. from the beginning of 2022. The unit price of $322,164 eclipsed the Lee […]

Converse will host the Planet Fitness si...

Converse will host Metrocom’s second Planet Fitness by the end of 2022, according to Converse Economic Development Corporation officials. EDC announced Jan. 31 that TJ Elite Properties LLC will construct an 18,000 square foot building in line with Big Lots, at Lott’s Landing on FM 78, which will house a Planet Fitness facility – Metrocom’s […]

Amazing Dining at Palm Beach Hotels

Even if you’re not lucky enough to be a longtime homeowner in Palm Beach, or to have landed a residence in the real estate shopping rush that happened in the Sunshine State after the pandemic began, there are countless hotels happy to host you, and a myriad of restaurants eager to feed and entertain you. […]

JLL Capital Markets Completes Sale of a ...

JLL Capital Markets today announced the closing of the sale of Corridors I and II, a Class A office portfolio consisting of two properties totaling 301,606 square feet in Downers Grove, Illinois. JLL represented the seller, Soundview Real Estate Partners, and procured the buyer, RMC Group. Corridors I and II are located at 2651 and […]

Bay County Florida Airport Sees Record G...

Parker W. McClellan Jr. | Guest columnist In one of the most uncertain years for travel, Northwest Florida Beaches International Airport (ECP) saw a record number of travelers in 2021. The surge in travel over the calendar year has put the airport on track to be ahead of pre-pandemic passenger activity levels. As of November […]

Copa Flats apartments to innovate

As the land is cleared to make room for the Copa Flats, excavators remove the remains of a large tree [Brian Petersheim Jr.] The developer of the city’s newest apartment community, Copa Flats, plans to kick off construction of the 312-unit, three-story community by the end of January, with a view to having units available […]

Strategic Student & Senior Housing Trust

RANCH LADERA, California, January 11, 2022 / PRNewswire / – SmartStop Asset Management (“SmartStop”) as sponsor of Strategic Student & Senior Housing Trust, Inc. (the “REIT”), today announced the sale of [email protected], the FPI’s category A student housing building located next to the Florida State University Campus. SmartStop, through its affiliate, acted as asset manager […]

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 […]

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, […]

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 […]

Reinvent the office of the future into a...

Young teleworkers came to the office to meet for the first time in two years since … [+] the pandemic has started getty The pandemic has opened our eyes to what is possible. The hardness of the past two years has made us question our ways of working and leading our life. What would have […]

Avanta Residential reaches financial clo...

DENVER, January 6, 2022 / PRNewswire / – Avanta Residential today announced that the company has completed financing to build its Painted Tree rental construction project with JP Morgan. This is the second Avanta project under the Avanta brand in Texas and JP Morgan’s first financing in the construction sector for the rental of single-family […]

Plans evolve for $ 138 million plus seni...

Plans are underway for an upscale senior shopping development in the Skyway Marina area. The St. Petersburg Development Review Commission will review a site plan on Wednesday for The Manhattan-St. Petersburg, a planned retirement home at 4401 34th St. S. Local developer Jack Dougherty, a longtime leader in the Skyway Marina district, is working with […]

The best real estate stories to watch in...

For more than a decade, the West Queens skyline has transformed with real estate development, and this trend will continue into 2022. High-rise towers at Hunters Point South alter the skyline of Long Island City’s waterfront The Affordable Housing Lottery app opened in fall 2021 for Gotham Point, two residential towers at the mouth of […]

Addison Square Offers More Retail Space ...

Planned office buildings south of Health First Hospital and Pro Health Fitness Center in Viera will provide more than 30,000 square feet of new retail space. Addison Square, on nearly three acres at the southwest corner of Lake Andrew Drive and Ivanhoe Drive in the growing Viera West area, currently has six listed rental spaces […]

Skyline Tower in Long Island City, the c...

Skyline Tower, the tallest building in Queens, is the best-selling luxury building in New York City in 2021. The skyscraper, located at 3 Court Sq. In Long Island City, sold several other luxury condo buildings in the city last year, according to Modern Spaces, the real estate agency that exclusively handles the marketing and sales […]

How to spot those pesky (and expensive) ...

Rather than bundling them together in room rates, many hotels have made resort fees more explicit. The Phoenician, a Marriott Luxury Collection resort in Scottsdale, Arizona, for example, has a page on his website listing what guests get for their daily rate of $ 45 per room: Wi-Fi (worth, he says, $ 14.95), morning yoga […]

Luxury Hawaiian mansion with 22-car gara...

Someone lives big on this little island. An ocean-view parsonage in Hawaii, complete with a 22-car showroom, temperature-controlled wine cellar, and Hollywood-style movie theater is for sale for $ 15 million. Situated on a rounded bluff on the north shore of the island of Kauai, the over 11,000 square foot home consists of three bedrooms, […]

Wildcreek Apartments Acquired for $ 34 M...

Berkadia obtained a JV equity partner for the off-market acquisition of Wildcreek Apartments, a 242 unit Class B apartment community at 100 Wild Cir. Sign up now to receive our daily news alerts Unsubscribe at any time Chinmay Bhatt, Noam franklin, and Cody kirkpatrick of Berkadia JV Equity & Structured Capital aligned the equity partner, […]

The Margaritaville Paradise ship will de...

Ever since he launched “Margaritaville” to the world in 1977, singer-songwriter Jimmy Buffett has marketed the concept of the hit song – no, lifestyle – to hotels and resorts, resorts. radio, restaurant chains, shoes, books, two casinos, bikes, frozen seafood, real estate communities, clothing, outdoor furniture and, of course, the margarita machines and blenders tequila […]

Treat yourself to waterfront living at L...

Ranches and high-maintenance homes often come to mind when people think of waterfront luxury in Texas, but Lakeside Tower shakes that up. This new 16-story condominium tower at 2800 Lakeside Parkway offers 48 luxury residences and a resort lifestyle on Grapevine Lake. There are only a few houses left for sale in this building. Contact […]

Downtown Atlanta’s “Biggest” Multi-Famil

Kaplan Residential, a real estate development company focused on the Southeastern United States, and the Frankfurt Group, a real estate investment and asset management firm, this week announced the closing of Generation Atlanta, a 336-unit, 17-story high-rise apartment building located in the heart of downtown Atlanta, for $ 126.9 million. Sign up now to receive […]

SB Real Estate buys second Las Vegas ass...

Portola West Vegas. Image courtesy of SB Real Estate Partners SB Real Estate Partners has purchased its second multi-family community in Las Vegas, the 256-unit St. Croix, for $ 73.1 million, in an off-market transaction. Cushman & Wakefield negotiated the sale on behalf of the seller, Strata Equity, while Berkadia arranged a joint venture. The […]

Sale of $ 40.8 million building in Alexa...

JLL Capital Markets arranged $ 34.34 million for buyer Washington Property Co. Posted 23 December 2021 through Catherine schulte The Mark is a 277 unit apartment building. Photo courtesy of JLL Capital Markets. A 227-apartment building in Alexandria valued at $ 40.8 million sold for an undisclosed amount, JLL Capital Markets announced on Tuesday. JLL […]

Trinity Investments acquires 50% stake i...

SAN DIEGO – (COMMERCIAL THREAD) – An investment fund managed by Trinity Fund Advisors LLC, a subsidiary of Trinity Real Estate Investments LLC (“Trinity”), today announced the acquisition of a 50% stake in the Omni San Hotel Diego from JMI Realty, which originally developed the hotel in conjunction with Petco Park in 2004. Omni Hotels […]

CSCDA acquires LA Community for $ 130 mi...

Monterey Station. Image courtesy of California Real Estate Photography The California Statewide Communities Development Authority and the affiliated Community Improvement Authority acquired Monterey Station in eastern Los Angeles County from Clear Capital for $ 130 million, or $ 372,493 per unit. The two-building property is located in an opportunity area in downtown Pomona, California. READ […]

ECI Group Expands Florida Portfolio with...

ATLANTA, 20 December 2021 / PRNewswire / – ECI Group announces the acquisition of Makara Orlando Apartments, a 228-unit, nine-building, Class A apartment community in a rapidly growing neighborhood East of Orlando. The community was developed by RangeWater Real Estate and delivered in mid-2021. “This trade-driven acquisition demonstrates ECI’s strategy of recycling capital from older […]

Washington Property Company acquires The...

The Mark Apartments (Photo courtesy of Washington Property Company) ALEXANDRIA, Virginia – Washington Real Estate Company (WPC) acquired The scores, a 227-unit apartment tower in Alexandria for $ 52.7 million. The seller, a subsidiary of Northpoint Realty Partners, was represented by Brian Crivella, Walter Coker and Bill Gribbin, who recently joined Berkadia. Jimmy Conley and […]

Investment Index Group Multifamily Detac...

Index Investment Group, an investment and development firm based in Jupiter, Florida, divests of a portfolio of two multi-family rental communities in Marathon, Florida, comprising 151 units for $ 52.5 million at IMC Equity Group. MARATHON, Florida, December 16, 2021 / PRNewswire-PRWeb / – Index Investment Group a Jupiter, Florida based investment and development company, […]

Nashville multi-family businesses for ne...

NASHVILLE, TN – California-based GW Williams Co. purchased a newly built 322-unit luxury multi-family community in Nashville, TN for $ 119.9 million. The private company bought the property from diversified real estate investment company Embrey Partners. Located at 101 Athens Way in the Metrocenter neighborhood of Nashville, the acquired property, Knox at Metrocenter, is currently […]

Proper Hospitality Debuts in Downtown Lo...

This past October, Proper Hospitality unveiled the latest addition to its growing portfolio of hospitality concepts, Downtown LA Proper. Located in a reimagined iconic building in the heart of downtown South Park next to the Fashion District, the 148-room destination presents the vision of internationally acclaimed designer Kelly Wearstler through a design narrative that blends […]

Urbandale Affordable Housing Project Com...

Construction began in fall 2020 for the three-story building, which includes a playground, business center, community hall, and fitness room. URBANDALE, Iowa – Affordable housing is now available in Urbandale after a national developer completed construction after just a year. TWG, a real estate company specializing in affordable housing developments, announced Tuesday that it has […]

Lion Real Estate Group Closes Two Multi-...

DALLAS, December 14, 2021 / PRNewswire / – Lion Real Estate Group, LLC (“LREG”), a real estate investment and asset management firm focused on acquiring value-added and opportunistic multi-family properties, today announced two transactions distinct in the Nashville metropolitan statistical region (MSA). LREG acquired Brentwood Station, an asset of 196 units adjacent to the rapid […]

Berkeley Investments and Singerman Real ...

Exchange 200 BOSTON – Boston-based real estate developer Berkeley Investments announced that it has entered into a new joint venture with Singerman Real Estate and closed on new funding for Exchange 200, a four-story, over 352,000 square foot mixed-use building in Malden Center. The announcement coincides with the start of construction to transform Exchange 200 […]

The 2021 Golf Vacation Guide

> Location: Girona, Spain. > Info: PGA Catalunya Golf and Wellness Resort continues to exceed expectations as one of the world’s leading property developments and fully equipped lifestyle resorts. … Recipient of numerous accolades, including Spain’s # 1 golf resort, it features two championship golf courses, two hotels, as well as vacation rentals and real […]

Waterford Property, CSCDA Buy Affordable...

Waterford Property Company and the California Statewide Community Development Authority have teamed up to acquire residences in Westgate, an affordable 480-unit apartment community in Pasadena, for $ 280 million from Equity Residential. This is the fourth property in Waterford’s affordable housing portfolio in Pasadena. He will serve as the project administrator for the property. Upon […]

Greystar Opens 171-Unit Overture Powers ...

ATLANTA, GA – Greystar, a global leader in the investment, development and management of high quality rental housing, has announced that Overture Powers Ferry, from its portfolio of active adults designed for people aged 55 and over, is open with accommodations as of now. “Overture Powers Ferry provides the ideal location for someone looking to […]

Common Multi-Family Property Management ...

Common, a residential brand that designs, leases and manages multi-family properties globally, extends to St. Paul, Minnesota, in partnership with ACKERBERG at ALVERA, at 337 W. 7th St. This innovative 193-unit modular apartment building in the West Seventh neighborhood, owned and developed by ACKERBERG and Northland Real Estate, will be the first Class A multi-family […]

Development Could Bring Grocery Store So...

The letter, written by Tom Huston, an attorney representing Baade, also explains why the site is a good place for a grocery store, noting that the closest is 2 miles away. “The closest grocery stores are to the north and west of this location, while the accommodations are (mostly) to the south and east of […]

Luxury retirement community opens in Riv...

River Oak’s newest retirement community wants its residents to feel like they’re living on a luxury cruise ship. MorningStar Senior Living, located at 2315 Richmond Ave, recently opened its six-story, 109,150 square foot property that offers resort-style amenities and hospitality services. On HoustonChronicle.com: Nonprofit offers rides for seniors to age at home The community has […]

Michèle Smith | Obituaries | Record ea

Michèle Smith December 4, 2021 Michele (Mickey) Smith, Arcadia, died December 4, 2021. She was born in Chicago in 1942. She graduated from Morgan Park High School in Chicago. She was dedicated to fitness and was assigned as a student assistant to the high school athletics staff. She taught swimming in high school. She was […]