Pinecrest will deliver The Penny before the 2027 school yearstarts. The new student 20-story apartment complex just off the Texas A&M campus will have 605 beds. The 199 units will include studio, one-, two-, three-, four- and five-bedroom configurations with bed-to-bath parity, including townhomes.
Shared amenities will include multiple study spaces, a resort-style pool, pickleball court, fitness center, package lockers, an automated market and a pet relief area and washroom.
The development team for the project includes Rhode Partners, Rycon Construction, Mitchell & Morgan and Rhode Interior Design. CIBC USA and First Bank of Chicago provided construction financing for the development.
The apartment community selected Century Square as a prime location for its leasing office and showroom. Century Square features premium retail and restaurant establishments, entertainment venues, Class-A office space, two full-service hotels—The George and Cavalry Court— and luxury apartment homes at 100 Park.
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
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NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
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Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
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Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
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