NRP Group Opens Central Texas Mixed-Income Community

NRP Group Opens Central Texas Mixed-Income Community

Station42 has been under construction since early 2022. Image courtesy of The NRP Group Station42 has been under construction since early 2022. Image courtesy of The NRP Group Station42 has been under construction since early 2022. Image courtesy of The NRP Group The...
CHOC to Open Inland Empire Affordable Community

CHOC to Open Inland Empire Affordable Community

Community Housing Opportunities Corp. will soon open Monarch Apartment Homes, a 60-unit fully affordable housing community in Palm Springs, Calif. Monarch Apartment Homes comprises 12 two-story buildings. Image by Noé Montes, courtesy of CHOC Monarch Apartment Homes...
Bay Area Affordable Project Breaks Ground

Bay Area Affordable Project Breaks Ground

Colibri Commons expects completion by summer 2025. Rendering by David Baker Architects, courtesy of MidPen Housing Colibri Commons expects completion by summer 2025. Rendering by David Baker Architects, courtesy of MidPen Housing Colibri Commons expects completion by...
Tower Life Tower Conversion Starts This Summer,

Tower Life Tower Conversion Starts This Summer,

The Tower Life building will take on a new role. Alamo Architects is tasked with creating a new look for the onetime prominent office building. The new look will include residential apartments. McCombs Enterprises bought the 95-year-old property in 2022, and this...
CO Outdoor Storage Site Flips for $18.5M,

CO Outdoor Storage Site Flips for $18.5M,

A very large truck parking lot in Commerce City was acquired by Semi-Stow. Hampton Yards purchased the parcel in 2021 for $6.94 million and sold it for $18.5 million. The company said it had to get a rezoning on the piece, as well as perform a major cleanup on it. The...
Surprise Site for $250M Mixed-Use Project,

Surprise Site for $250M Mixed-Use Project,

GTIS Partners and Clyde Capital are combining efforts on the development of a $250 million mixed-use, master-planned community in Surprise. The Asante Trails project will include a build-to-rent community, retail space and a medical facility, built across 90 acres of...
Surprise Site for $250M Mixed-Use Project,

Surprise Site for $250M Mixed-Use Project,

GTIS Partners and Clyde Capital are combining efforts on the development of a $250 million mixed-use, master-planned community in Surprise. The Asante Trails project will include a build-to-rent community, retail space and a medical facility, built across 90 acres of...
Two SA Rental Communities On the Block,

Two SA Rental Communities On the Block,

Summit at Salado Creek and The Canopy Apartments are being auctioned off, victims of the tenuous borrowing climate. The San Antonio Business Journal reports the two are slated for a distressed sale next month after their owners defaulted on tens of millions of debt....
Two SA Rental Communities On the Block,

Two SA Rental Communities On the Block,

Summit at Salado Creek and The Canopy Apartments are being auctioned off, victims of the tenuous borrowing climate. The San Antonio Business Journal reports the two are slated for a distressed sale next month after their owners defaulted on tens of millions of debt....
Margaritaville to Open in Galveston

Margaritaville to Open in Galveston

Galveston is getting a Margaritaville. RREAF and Innisfree are partnering on a $250 million project, including the 334-room hotel, a two-and-a-half-acre water park, four restaurants and a ballroom. The project is on the beach at 317 East Beach Drive. The group will...
Affordable Columbus Community Debuts

Affordable Columbus Community Debuts

Co-developers Healthy Homes, Community Development for All People, Nationwide Children’s Hospital and Woda Cooper Cos. have recently opened Lockbourne Greene, a 60-unit fully affordable housing community in Columbus, Ohio. A second phase of the Lockbourne Greene...
Work Starts on $1.2B Orlando-Area Mixed-Use Project,

Work Starts on $1.2B Orlando-Area Mixed-Use Project,

Work has started on Wyld Oaks, a 215-acre mixed-use project in Apopka, Fla., 25 miles northwest of Orlando. The project reportedly represents a $1.2 billion total investment. Joseph Beninati is head manning the project. Sited at 4105 Golden Gem Road, the development...
Work Starts on $1.2B Orlando-Area Mixed-Use Project,

Work Starts on $1.2B Orlando-Area Mixed-Use Project

Work has started on Wyld Oaks, a 215-acre mixed-use project in Apopka, Fla., 25 miles northwest of Orlando. The project reportedly represents a $1.2 billion total investment. Joseph Beninati is head manning the project. Sited at 4105 Golden Gem Road, the development...
$50M Cold Storage Warehouse Slated for Jax,

$50M Cold Storage Warehouse Slated for Jax,

Jacksonville issued a building permit to Industrial Building Group to construct a 275,000-square-foot cold storage warehouse, a popular industrial sector in the area. At least five refrigeration and cold-storage projects are in development, primarily in North...
Two MF Sites in BK Sold for $7M ,

Two MF Sites in BK Sold for $7M ,

Two multifamily development sites in Brooklyn were sold for $7 million. The properties, located at 962 and 976 Bushwick Ave., constitute a 421a development site with plans for two seven-story multifamily buildings totaling 53 units. Names of the buyer and seller were...
Manhattan Avg Resi Rental Price Down 1.6%,

Manhattan Avg Resi Rental Price Down 1.6%,

Manhattan’s average rental price declined by 1.56% to $4,617 in the last month of 2023, according to MNS’ NYC rental reports. Gramercy saw the largest month-over-month increase (9.6%) in DM (doorman) 1BR, while FiDi NDM (non-doorman) Studios had the...
Mulligan Security Expands Midtown Lease with Feil ,

Mulligan Security Expands Midtown Lease with Feil ,

The Feil Organization has announced that Mulligan Security, a private security and fire safety contractor, has renewed its lease for 12 years and will expand its presence by 15,788 square feet at 7 Penn Plaza in Midtown. The expansion will bring its total occupancy to...
A.W. Perry Signs New Leases at Lynnway Park  ,

A.W. Perry Signs New Leases at Lynnway Park  ,

Boston-based real estate investment and services firm A.W. Perry has achieved development milestones at Lynnway Park, a 250,000-square-foot industrial facility in Lynn, MA.   The former West Lynn Creamery and Garelick Farms processing plant, now rebranded as...
Newly Built Dallas Apartments/Store Face Foreclosure,

Newly Built Dallas Apartments/Store Face Foreclosure,

Ares Commercial Real Estate has requested foreclosure over a $127 million loan on a property at Live Oak and Texas Streets in Dallas. The property includes the Gabriella apartments and a ground-floor Tom Thumb grocery store. The loan was originated by an affiliate for...
Craig Intl Reveals Plans for $6B Lake Texoma Project,

Craig Intl Reveals Plans for $6B Lake Texoma Project,

Craig International is building a $6 billion project on Lake Texoma. The company recently bought 3,000 acres in Denison, hoping to build 7,500 homes, including luxury single-family, active adult, and multifamily, a resort hotel, retail, restaurants, and an upscale...
Craig Intl Reveals Plans for $6B Lake Texoma Project

Craig Intl Reveals Plans for $6B Lake Texoma Project

Craig International is building a $6 billion project on Lake Texoma. The company recently bought 3,000 acres in Denison, hoping to build 7,500 homes, including luxury single-family, active adult, and multifamily, a resort hotel, retail, restaurants, and an upscale...
Garage Condo Slated for Frisco,

Garage Condo Slated for Frisco,

George Smith Partners successfully arranged $6,700,000 in C-PACE financing, complemented by $14,400,000 in fixed-rate construction debt, to fund a new 53-unit luxury garage condominium project in Frisco, Texas. Spanning over 5 acres in a Dallas suburb, the financing...
Austin Retail Occupancy Rates Lead State,

Austin Retail Occupancy Rates Lead State,

As of year-end 2023, Austin posted a strong occupancy level of approximately 96.8 percent, based on Weitzman’s review of retail market conditions. The percentage, the strongest among Texas’ major retail markets, is based on a market inventory of approximately 52.4...
20-Story Tower Planned for Raleigh’s The Weld,

20-Story Tower Planned for Raleigh’s The Weld,

The second phase of Raleigh’s The Weld near Dix Park will consist of a 20-story tower with 525 apartment units. Amenities will feature a rooftop terrace, sky lounges and mezzanine units on the top floor. Real estate firms SLI Capital and Mack Real Estate Group...
Film-Campus Hotel Opens in Fayetteville

Film-Campus Hotel Opens in Fayetteville

Called Trilith Guesthouse, the 193-room hotel is in the mixed-use project next to the Trilith film campus in Fayette County. The Atlanta Business Chronicle reports the hotel will cater to film and other creative workers and has 36 suites for extended stays, including...
Gencom Plans $100M Renovation of Miami Ritz-Carlton

Gencom Plans $100M Renovation of Miami Ritz-Carlton

 Miami-based Gencom has retaken majority ownership of the 291-key Ritz-Carlson Key Biscayne from Toronto-based Brookfield Asset Management. While the price was not disclosed, published reports gauge the value at over $400 million. Gencom plans a $100 million...