The City of Fort Worth selected Royal Capital Group LLC to helm a mixed-use and affordable housing development called the Evans and Rosedale Urban Village. Royal was chosen out of eleven proposals that were reviewed by a selection committee composed of city staff and representatives from the Historic Southside Neighborhood Association. The Dallas Business Journal reports the development...
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U.S. student housing occupancy reached 95.1% for the start of the 2025 academic year, the second-highest level since 2019, Yardi Matrix reported. The strong preleasing reported earlier in the year consistently carried through to fall move-ins for the 1,600 student housing properties serving the Yardi 200 colleges and universities, the firm said in its latest...
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A fund managed by Mesirow purchased the 1105 Town Brookhaven Apartments for $87 million, or nearly $300,000 per unit. Wafra was the seller. Delivered in 2014, the community features 299 apartment units and offers one- and two-bedroom floor plans. The development is in the 50-acre Town Brookhaven venture. There are three multifamily developments in Town...
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Newmark has arranged a $139 million loan on behalf of 13th Floor Investments, Key International, Wexford Real Estate Investors and CDS International Holdings to refinance Savio, a newly completed, luxury multifamily property located in Delray Beach, Florida. The financing was provided by CIBC USA and arranged by Newmark’s Jordan Roeschlaub, Nick Scribani, Daniel Matz, Max Ralby, Ricky...
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Prosper Group announced a joint venture with Versluys Group to deliver a $650 million ultra-luxury waterfront residential tower on the Miami River in Brickell. The development spans three parcels — 99 SW 7th Street, 66 SW 6th Street, and 625 SW 1st Avenue — which Prosper Group acquired earlier this year. The 60-story tower will...
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Dream Office REIT and Pomerleau are partnering on a $70-million office-to-residential conversion project in downtown Calgary. Pomerleau, an integrated real estate investment and development company making the investment through its financial arm, Pomerleau Capital. The project is located at 660 Fourth Street S.W. and part of the city’s Downtown Development Incentive Program (DIP) whereby investors...
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Birch Hill Equity Partners and Brookfield Asset Management have acquired a majority stake in First National Financial Corporation for $2.9 billion. First National said the previously announced deal has been completed under a plan of arrangement in accordance with Ontario’s Business Corporations Act. Birch Hill and Brookfield purchased the residential and commercial mortgage provider through...
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Now one of the largest and most prolific commercial mortgage, investment sales and loan servicing organizations in the U.S., Berkadia arose from the ashes of a predecessor company, Capmark, in the aftermath of the global financial crisis. On a recent episode of the company’s Inside the Deal: a CRE Podcast by Berkadia® podcast series, hosted...
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