News

Triton Realty Group Closes $3M in Chicago Apartment Buildings Deals

Chicago & Midwest + Apartment Buildings

Triton Realty Group announced the completion of three sales from the Gary R. Carlson Northwest Chicago Portfolio, the 99-unit, 16-building multifamily collection. The closings at 3543-45 N. New England Ave. in Schorsch Village, 3217-21 N. Kildare Ave. in Irving Park, and 4121-25 N. Tripp Ave. in Irving Park represent $2.99 million in combined sales volume...

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JV Clears Path for Residential Conversion of Lower Manhattan’s Maritime Building

New York & Tri-State + Apartment Buildings

Raymond Chalmé and Daniel Blanco’s Broad Street Development (BSD), in partnership with PCCP and One Investment Management, have completed the recapitalization and secured a $175-million construction loan, clearing the path for the adaptive conversion of the Maritime Building at 80 Broad St. in Manhattan’s Financial District. The joint venture will convert the 400,000-square-foot office tower...

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$7B Halo Vista Development Breaks Ground in North Phoenix

Phoenix & Southwest + Apartment Buildings

Mack Real Estate Group and McCourt Partners broke ground on Halo Vista, a 2,300-acre master-planned development in North Phoenix. Next to the Taiwan Semiconductor Manufacturing Company campus, Halo Vista is designed to be a global hub for science, innovation, and community. The first phase of the $7 billion project will focus on horizontal infrastructure and...

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Centennial to Demolish Portion of Plano Mall

Texas + Apartment Buildings

Centennial, the real estate company that acquired The Shops at Willow Bend, confirmed that it plans to start demolishing a portion of the mall within a year. The demolition is part of a plan to redevelop Willow Bend into a mixed-use center with retail, restaurants, housing, office space and an on-site hotel. The Shops at Willow Bend...

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Cameron Brothers Acquires 300-Unit Lewisville Rental Community

Texas + Apartment Buildings

Trinsic Residential Group has sold off the Aura Avant apartment complex in Lewisville. The buyer was Cameron Brothers. Newmark brokered the deal. The property, with 300 units, will be renamed The Winslow as part of the Cameron Collection. Completed in 2024, Aura Avant was 92% occupied at the time of sale. Amenities include a resident...

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Developer Planning $60M Arlington Mixed-Use Venture

Texas + Apartment Buildings

Wolverine Interests is hoping to package apartments, retail and office space into a 3.41-acre spot near the University of Texas at Arlington. The project calls for 248 apartments and a minimum of 15,000 square feet of ground-floor commercial space for office and retail, along with a 300-space garage. The Dallas Business Journal reports the cost...

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Ole Miss, Greystar Join Forces on $101M Residence Hall

Florida & Gulf Coast + Student Housing

Greystar and the University of Mississippi are teaming up on a $101 million student housing project in Oxford. The project was funded via tax-exempt bonds. Provident Resources Group serves as the project owner and bond borrower, with Raymond James as the bond underwriter.  The project on the site formerly occupied by Kincannon Hall will deliver...

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Capital Markets and Multifamily: A Q&A with Arcus Harbor’s Kristen Croxton

Apartment Buildings

After a stagnant couple of years, capital has started to come off the sidelines to fund commercial real estate deals. But geopolitical uncertainties, continued high interest rates, and maturities and distress concerns have led to more selective financing across all sectors. Connect CRE recently contacted Kristen Croxton, principal, Arcus Harbor Real Estate Capital, to learn...

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