A company aligned with New Jersey investor Aaron Friedman paid $54.4 million for the Braxton Music Center apartment development at 2165 Nolensville Pike, near Geodis Park. The Nashville Business Journal reports Friedman obtained a $42 million loan from Prime Finance Partner to accompany the purchase. The seller was PassiveInvesting.com. The firm paid $77.64 million for the property in 2022.
The project has 236 apartment units across two buildings. Rents at the development range from $1,497 to $2,248 for one- or two-bedroom units. Room sizes range from 622 to 1,392 square feet.
Amenities include a recording studio, 24/7 fitness center, rooftop lounge, pool and coffee bar.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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Central CA Commercial | California
Recckio Real Estate & Development
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