Subject: Development/Construction (DEV)

Commercial Real Estate Direct Staff Report Lenders of all stripes are bullish. They've got plenty of capital to lend and property owners have accepted the fact that interest rates will remain higher than what became the norm until late 2022. ...

Washington Business Journal A venture of Hoffman & Associates, Snell Properties, and Mitsui Fudosan America Inc. has lined up $195 million of construction financing to build 4600 Fairfax, a 420-unit apartment project in Arlington, Va. The seven-story project is being ...

Commercial Real Estate Direct Staff Report Weak demand for space from biotechnology companies helped contribute to a drop in the occupancy rate of Alexandria Real Estate Equities Inc.'s portfolio to 87.7% in the first quarter from 91.7% a year ago. ...

A venture of Tejon Ranch Co. and Dedeaux Properties is breaking ground soon on Tejon Ranch Commerce Center, a 510,385-square-foot industrial property in Lebec, Calif. Tejon, of Tejon Ranch, Calif., and Dedeaux, of Santa Monica, Calif., are building the property ...

Commercial Real Estate Direct Staff Report Only 3,854 apartment units were delivered in Phoenix during the first quarter, marking the lowest quarterly volume in more than four years and a 20% drop from the fourth quarter, according to Cushman & ...

REBusiness Online Alcove Development has broken ground on 10 Union Lofts, a 96-unit apartment property in Eudora, Kan. The Lawrence, Kan., developer is building the property at 1008 East 10th St., about 35 miles west of Kansas City. The property ...

Commercial Property Executive Constellation Real Estate Partners is starting work this month on a 251,162-square-foot industrial project at 7351 Muck Pond Road in Dover, Fla., about 21 miles east of Tampa International Airport. The Houston company recently paid York Developments of Hattiesburg, Miss., $6.5 ...

Charlotte Business Journal Averitt said it will invest $200 million in a regional campus that it's planning to construct in Charlotte, N.C. The Cookeville, Tenn., logistics company plans to start work immediately on the more than 700,000-square-foot project at 2124 Shopton ...

South Florida Business Journal S3 Capital has provided a pair of loans totaling $350 million for the construction of the Continuum Club & Residences West in the Miami suburb of North Bay Village, Fla. The lender, in partnership with Aksoy Holdings, ...

Atlanta Business Chronicle Fannie Mae has taken through foreclosure The Peach, a 68-unit apartment building in Atlanta's Midtown area. The property, at 1655 Peachtree St. NE, had served as collateral for a $23.27 million fixed-rate loan that paid a coupon ...