News
Developer Greenlit for Sprawling Pearland Mixed-Use Destination
Planned Community Developers (PCD) closed on the 120-acre site for The Orchard, a mixed-use destination at Highway 288 and Beltway 8 in Pearland. The Orchard will bring together retail, dining, entertainment, office and residential uses. The closing follows Pearland City Council’s approval of the development. The Orchard will include approximately 250,000 square feet of retail, dining and...
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Space Craft Building 4th Charlotte Optimist Park Rental Community
Space Craft is moving ahead on Mira, a $122 million mixed-use development in Charlotte’s Optimist Park that will bring 371 apartments and 9,765 square feet of retail to 2323 N. Davidson St. Construction is expected to begin this fall, with an anticipated opening in fall 2028. The eight-story development will include 8,000 square feet of amenity space....
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WinnCompanies Lines Up Financing for Mixed-Income Salem TOD
WinnCompanies has secured financing for a 115-unit, mixed-income apartment building designed to revitalize the northern gateway to downtown Salem, MA. To be named The Exchange Salem, the seven-story building will be erected on the site of a former municipal parking lot overlooking the city’s mass transit station and parking garage. The $48-million construction project will...
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Walker Webcast: Economist Peter Linneman Revises Rate Forecasts, Warns of Data Center Overbuilding
Economist Peter Linneman still believes inflation will ease. But he’s no longer as confident that the Federal Reserve will respond with cuts in the federal funds rate as quickly as he said earlier this year. Linneman appeared on the Oct. 7 Walker Webcast with host Walker & Dunlop CEO Willy Walker. During the hour-long event,...
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New Westminster Apartment Pair Trades For $18M
Two New Westminster apartment buildings have traded for $18M, providing a fresh transaction marker for Metro Vancouver’s purpose-built rental market. Twin Hollies at 1010 St. Andrews St. and St. Andrews Manor at 1025 St. Andrews St. sold for about $198K per suite at a 5.3% cap rate, according to Goodman Commercial, which handled the transaction....
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Dwight Capital Finances $60M Loan for Iowa Multifamily Community
Dwight Capital has closed a $60 million HUD 223(f) refinance for Birchwood Grove, a newly developed 194-unit townhome community in Davenport, Iowa. Birchwood Grove is comprised of 56 two- and three-story townhouse buildings, along with a separate community building that houses a clubhouse, leasing office, and 4,800 square feet of ground-floor commercial space. Located at...
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Walker & Dunlop Arranges $87M Refinancing for Scott’s Addition Property
Walker & Dunlop, Inc. has arranged $86.5 million in bridge financing for Chasen, a new 352-unit multifamily community in the Scott’s Addition neighborhood of Richmond, Virginia. The property is located in a Qualified Opportunity Zone. Walker & Dunlop Capital Markets Real Estate Finance arranged the loan on behalf of Capital Square. Alexandra Huffman, Justin Nelson,...
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Hines Acquires Dallas Apartments, Retail for $170.5M
The Bishop Arts Portfolio is one of three properties Hines recently bought through its Hines Global Income Trust (HGIT). The Dallas property features a mixed-use property with 539 multifamily units and approximately 49,000 square feet of high-street retail. The multifamily assets are approximately 95% leased and the retail space is 98% leased, with 22 tenants comprising...
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout