MassDevelopment selected VHB, Inc., a Massachusetts-based civil engineering and design firm, to lead a team of consultants to support the development of a master plan for the approximately 7,000-acre cantonment area at Joint Base Cape Cod (JBCC). The plan will identify current and future spatial needs of the base and plan for the redevelopment of any surplus property.
VHB, Inc. will partner with Sasaki Associates, Inc., RKG Associates, Inc., Innes Associates, Ltd. and Goulston & Storrs to engage in a multi-year comprehensive planning process. The aim of the master plan is to optimize JBCC’s operational efficiency, support current military missions and accommodate future needs, while also identifying opportunities to address the regional housing shortage and grow the local economy.
Located in the towns of Bourne, Falmouth, Mashpee and Sandwich, JBCC is a full-scale, joint-use base home to five military commands, including the Massachusetts Army National Guard, the Massachusetts Air National Guard, Cape Cod Space Force Station, U.S. Coast Guard Air Station Cape Cod and U.S. Coast Guard Base Cape Cod.
Boardwalk REIT is selling three Edmonton apartment communities for $106.5M, pushing its property dispositions this year to nearly $629M as the landlord increasingly finds value in selling older buildings rather than developing new ones. The transaction involves Northridge Estates, Parkview Estates and Riverview Plaza, which contain a combined 536 suites. Boardwalk disclosed the sale in...
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Marcus & Millichap completed the sale of Broadcast Apartments, a partially complete multifamily development project in D.C.’s Tenleytown neighborhood. The asset sold for $9.5 million. “This was a very complex, multidimensional transaction involving a receiver, a ground lease, a partially completed building and a host of other issues,” said Marty Zupancic, senior managing director of...
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Vancouver-based Trez Capital is teaming with Starwood Capital to expand its U.S. residential land lending business, with the partnership expected to launch with a US$450M loan portfolio and originate more than US$1B annually. Announced Tuesday, the agreement will focus on financing land acquisition and development for single-family communities across the United States. The initial portfolio...
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