CMBS Trusts to Take Chicago Office Property in Foreclosure
March 17, 2023
Hilton Minneapolis Gets Taken Through Foreclosure
March 17, 2023
Southeast
115-Unit Apartment Project Planned for Orlando’s Lake Dot Neighborhood
Orlando Business Journal Plans are moving forward on the Westmoreland Square apartment project in Orlando, Fla. Aron Herczl, a Brooklyn, N.Y., developer, is building the 115-unit project at the southwest corner of West Colonial and North Westmoreland drives in the...
Savanna Lines Up $50.1Mln of Financing for West Palm Beach, Fla., Residential Project
South Florida Business Journal An affiliate of Madison Realty Capital has provided $50.1 million of construction financing for the Olara residential property in West Palm Beach, Fla. Savanna of New York is developing the waterfront property on 1.82 acres at...
Clarion Fund Purchases Asheville, N.C., Apartments for $52.8Mln
Multi-Housing News Clarion Partners Real Estate Income Fund has purchased the 176-unit Retreat at Weaverville apartment property in Asheville, N.C., for $52.8 million, or $300,000/unit. Graycliff Capital sold the property, at 61 Garrison Branch Road, which was built in 2021....
Kislak Sells Miami Lakes, Fla., Office Complex for $21Mln
The Real Deal The Kislak Organization has sold Kislak Office Plaza, a 77,000-square-foot office property in Miami Lakes, Fla., for $21 million, or about $273/sf. The Ward Law Group bought the two-building property, at 7900 NW 154th St., which was...
Site of Charlotte, N.C., Condos to Become Mixed-Use Project
Charlotte Business Journal The Charlotte, N.C., City Council last night unanimously approved Related Group's plan to redevelop the Trianon Condominiums in the city's South Park area into a mixed-use project. The Miami developer's proposal for the 9.13-acre redevelopment site, at...
Ground Breaks on Latest Phase of South Fla. Affordable-Housing Property
South Florida Business Journal Ground has broken on the third phase of the Captiva Cove affordable-housing complex in Pompano Beach, Fla. Cornerstone Group of Hollywood, Fla., recently lined up $34.7 million of financing for the phase, which is being built...
Stream Realty Buys 3 Raleigh-Area Industrial Buildings for $74.14Mln
Triangle Business Journal Stream Realty Partners has bought three industrial buildings at Garner Business Park 70 in suburban Raleigh, N.C., for $74.14 million, or about $151.93/sf. The Dallas company bought the buildings from Al. Neyer, a Cincinnati real estate developer....
Related Group Completes West Palm Beach, Fla., Apartment Project
South Florida Business Journal Related Group has wrapped up work on Icon Marina Village, a 399-unit apartment project in West Palm Beach, Fla. The Miami developer built the 24-story property at 4444 North Flagler Drive near the Intracoastal Waterway. Units...
Massive Mixed-Use Project Planned Near Miami Airport
South Florida Business Journal Neology Development Group has filed plans with Miami-Dade County officials to build a massive mixed-use project near the Miami International Airport. The local developer bought the project's 7.3-acre development site, a former car rental center at...
Medical-Office Project to Break Ground in Suburban Charlotte, N.C.
Charlotte Business Journal Ground is expected to break next month on a two-building medical-office project with 124,000 square feet in Mount Holly, N.C., about 13 miles west of Charlotte, N.C. Regional Developers LLC is constructing the property on 23 acres...
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