News

Global Student Accommodation Lands $500M Refi on U.S. Portfolio

Student Housing

London-based Global Student Accommodation (GSA) closed on a $500-million senior loan facility with Wells Fargo Bank. GSA said the refinancing transaction strengthens its existing relationship with Wells Fargo and signals the continued demand among lenders for the U.S. student housing sector. The facility covers 23 assets in key university cities across 14 states. GSA entered...

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Miami’s Worldcenter Announces Official Opening

Florida & Gulf Coast + Apartment Buildings

CIM Group announced that Miami Worldcenter, a 27-acre, 10-block mixed-use development, is now officially open for business. The $6 billion Miami Worldcenter project features a mix of residential, retail, commercial and hospitality uses developed by master developers Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in partnership with CIM Group. Located...

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Kiser Group Brokers Bulk Condo Sale in Rosemont

Chicago & Midwest + Apartment Buildings

Kiser Group has completed the sale of 35 condominium units in a bulk transaction located in Rosemont, Illinois. The deal, totaling $3.875 million, was brokered by Kiser Group’s Partner, Andy Friedman and Senior Director, Jake Parker. “Bulk condominium transactions are uncommon, especially in a market like Rosemont, where multifamily properties rarely trade,” said Friedman. “The...

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5 Times Square Will Undergo Office-to-Resi Conversion

New York & Tri-State + Apartment Buildings

The Empire State Development board of directors has approved an amendment to the 42nd Street Development General Project Plan to enable conversion of underutilized office space at 5 Times Square into mixed-use housing that will create 1,250 new homes, including 313 affordable units. The property was originally constructed in 2002 as headquarters for Ernst & Young,...

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Report: Puget Sound Apartments Show Resilient Demand

Seattle & Northwest + Apartment Buildings

In the second quarter of 2025, Seattle and the broader Puget Sound apartment market showed signs of resilience and cautious recovery, according to a recent report by Kidder Mathews‘s multifamily team led by Dylan Simon and Jerrid Anderson. Occupancy rates across Puget Sound held up this quarter despite the historic levels of new development that...

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575-Unit Tobin Hill Rental Community on Way

Texas + Apartment Buildings

Headwall Investments has been given the go-ahead to build a 575-unit apartment complex on three acres in the Tobin Hill section of San Antonio. The project will include retail and office space. Groundbreaking for the project is expected in 2026. It will be bordered by North St. Mary’s Street, East Euclid Avenue and East Park...

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CRE Investors Take a Pause While Waiting for Uncertainty to Clear

Apartment Buildings

SitusAMC’s latest quarterly report, titled Fog on the Tracks, shows commercial real estate investors pulling back on activity amid ongoing economic uncertainty and volatility in public markets. However, the report says, “certain indicators point toward green shoots on the track.” Furthermore, SitusAMC reports that investor sentiment toward CRE improved in the first quarter as the...

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Escondido Apartment Sale Nears Pricing High Water Mark

California & West + Apartment Buildings

Newmark arranged the sale of Grandview Escondido, a 13,421-square-foot, 15-unit multifamily property located at 1316 E Grand Ave., in Escondido. The transaction, valued at $7,225,000, marks the second-highest price per unit ever achieved in Escondido, according to Newmark. Senior managing director Erik Anderson and associate Tanner Harris represented the seller, La Caze Development. The buyer...

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