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People & Companies News for Week Ending November 7, 2025

Canada + Apartment Buildings

Jim Hannon has departed from his post as CEO and director at Altus Group. The company has appointed Mike Gordon as its executive chair, and he will become CEO in the first quarter of 2026. Gordon is a former Altus CEO and has served as a director since 2020. Also, Raymond Mikulich has resigned as...

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Ziegler Closes $113M Financing for Brio Living Services

Chicago & Midwest

Senior living organization Brio Living Services has secured $113.5 million in financing from Chicago-based Ziegler. Proceeds from the Series 2025 Bonds will be used to finance Phase I of Brio’s multi-phase repositioning project at its Porter Hills Village campus located in Grand Rapids, Michigan. Construction is underway, and the plans include a 250,000-square-foot building to...

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Costa Mesa Offices Sell for Residential Redevelopment

California & West + Apartment Buildings

CBRE negotiated the $44.5 million sale of 3150 Bear St., a 70,799-square-foot office building in Costa Mesa. MLC Land Holdings Inc. acquired the property with plans to redevelop it for residential use. CBRE National Office Partners’ Anthony DeLorenzo, along with Greg Sullivan, Sammy Cemo and Bryan Johnson, represented the seller, Manny Khoshbin, with the Khoshbin Company. The building occupying the...

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Mixed-Use Project Planned for Bellevue’s Auto Row

Seattle & Northwest + Apartment Buildings

A major redevelopment is in the planning stages for Bellevue’s Wilburton neighborhood. KG Investment Properties is proposing a 3.6 million-square-foot project that would include nearly 1,400 residential units and a 1.5 million-square-foot office tower. The KG Wilburton Master Development Plan proposes transforming a 6.63-acre site, currently home to two single-story car dealerships, into a large...

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Sonida Senior Living, CNL Healthcare to Merge in $1.8B Cash-and-Stock Deal

Sonida Senior Living, Inc. and CNL Healthcare Properties, Inc. (CHP) have reached a definitive merger agreement under which Sonida will acquire 100% of CHP in a cash-and-stock transaction valued at approximately $1.8 billion. As a combined enterprise, Sonida expects to have an equity market capitalization of approximately $1.4 billion and a total enterprise value of...

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Investor Duo Funds 200-Unit Peoria Apartment Community

North River Partners and Crestline Investors provided a $45 million construction loan to develop Peoria Gateway, a 200-unit multifamily complex in Peoria, Arizona. Walker Dunlop’s Institutional Advisory Practice arranged the debt.  Overland Group is developing the project, its third multifamily development in the greater Phoenix market.   Located at 8455 Grand Avenue, Peoria, AZ, the Project...

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$3B Master-Planned Community Greenlit in Terrell

Texas + Apartment Buildings

The Terrell City Council has approved Terra Nova, a $3 billion master-planned community to be developed by Main Square Development. Located near FM 245 and Griffith Road, 30 miles east of Dallas, the 1,545-acre community received the green light, setting the stage for new residential and mixed-use developments in Kaufman County. Terra Nova will include 3,600 single-family...

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Former Roswell Mall Set for Major Redevelopment

Atlanta & Southeast + Apartment Buildings

Morris & Fellows Ventures has been selected by the town of Roswell to lead the redevelopment of Roswell Town Center, a 47-acre shopping center at the intersection of Alpharetta Highway and Holcomb Bridge Road. The Atlanta Business Chronicle reports the company will work with city officials and the property owner over several years to revitalize...

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