Empire Group of Companies has broken ground on Village at Borgata, a 287-unit single-family build-to-rent (BTR) community located at 3959 W. Hunt Hwy. in San Tan Valley.
Earlier this year, Empire secured $70.25 million in non-recourse construction financing for Village at Borgata, arranged by Tower Capital through a debt fund lender. Leasing is expected to begin in 2026.
Situated on approximately 27 acres, Village at Borgata will offer one-, two- and three-bedroom residences. Amenities include a fitness center, leasing clubhouse, recreational open space, dog parks, and an outdoor walking path.
The community is near the future LG Energy Solution battery manufacturing facility in Queen Creek, expected to create thousands of jobs and serve as a major economic driver for the Phoenix metro area.
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BTI Partners and Bridge Investment Group closed on $109 million in financing for the Bread Building, a multifamily property located in downtown Hollywood, Florida. Cushman & Wakefield arranged, and Greystone provided the Freddie Mac loan for the transaction on behalf of borrowers, BTI Partners and Bridge Investment Group. Cushman & Wakefield’s Equity, Debt & Structured Finance...
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Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...
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The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...
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