Landmark Properties announced the delivery of The Legacy at Ann Arbor, a new, 521-bed student housing community at 616 E. Washington Street in Ann Arbor, Michigan. Developed in a joint venture with Cerca Trova and designed by ESG Architecture & Design, The Legacy at Ann Arbor is comprised of two interconnected buildings – a 19-story...
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CBRE has secured a $25.54 million loan to refinance Aery, a 147-unit, multifamily community in Hermantown, Minnesota. CBRE’s Billy Mork, Mike Vannelli and Joel Torborg of CBRE Capital Markets’ Debt and Structured Finance team in Minneapolis secured the permanent, fixed-rate, Fannie Mae loan on behalf of the owner, P&R Companies, a locally based multifamily development...
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JLL has arranged $169.7 million in financing for Willamette Tower and The Olivia, two luxury multi-housing communities located in Portland, Oregon. JLL worked on behalf of the borrower, a partnership between Alamo Manhattan and Diamond Realty Investments, to arrange the three-year bridge loan with TPG Real Estate Credit, the real estate finance arm of leading...
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Cove Capital and Capital Square picked up build-to-rent communities in San Antonio. Cove Capital Investments completed the purchase of a brand-new Build-to-Rent multifamily residential home community. The purchase completes the formation of the firm’s Cove, Texas, Build-to-Rent 97 DST, a Regulation D, Rule 506(c) offering with a $27,223,181 equity raise. The Cove, Texas, Build-to-Rent 97 DST...
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Octodev has stated publicly that it purchased a 465,000-square-foot multi-family real estate development site in Laval, Que., for $17.9 million. The development site comprises an existing parking lot next to the Place Laval office complex. According to a published report that quoted company Co-founder Nathaniel Devine, Montreal-based Oktodev plans to build about 1,700 residential units...
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Houston-based Define Living acquired a 10.4-acre Central Park parcel from Houston-based Wolff Companies. The site will serve as the location for its second residential community, Define Living: Park Row, situated on Park Row Blvd near I-10 and Central Park West Blvd in Houston’s Energy Corridor. The mid-rise four-story community, with 388 one- and two-bedroom apartment...
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American Ventures is eyeing San Marcos for a 100-acre mixed-use district. They are working with the town to create economic incentives. The Austin Business Journal reports the developer has proposed building a combination of 1,196 multifamily units, 44 townhomes, 84 single-family homes, 120 build-to-rent homes, 16 live-work-play units, a 130-room hotel and 144,200 square feet...
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Juneau Construction Company, in partnership with Clemson University, completed Manning Hall, the second of three phases in the Bryan Mall High Rise student housing renovation project with architect partners BOUDREAUX and Little. The renovation introduces modern amenities, enhanced security features, improved accessibility and updated interiors. Located in the heart of campus, the newly renovated Manning...
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