News
Taconic, Ares Trade Brooklyn Asset
After improving and repositioning their joint asset, Taconic Investment Partners and Ares Management are now selling it.
Preiss Expands Texas Footprint
The Preiss Co. has expanded its student housing holdings in Texas.
French Quarter Inn Redevelopment to Go Under Review
In December 2013, NCE Realty and Capital Group L.L.C. acquired the long-vacant French Quarter Inn in Mid Town Memphis for $1.9 million. The development group initially planned to restore the hotel to its former glory; however, due to its decrepit state, finally decided against it.
Bluerock Residential Growth REIT to Acquire 473-Unit Ashton Reserve
Ashton Reserve, a 473-unit apartment community located in Charlotte’s high-end Northlake submarket is set to change owners, as Bluerock Residential Growth REIT (BRG) has announced plans to purchase the asset
Tulsa to Host Route 66 Experience Center
Tulsa officials have recently announced plans to develop a $19.5 million interactive center and hospitality complex aimed at sparking new interest in the historic Route 66 highway.
Economy Watch: Real Estate’s Linchpin
The residential sector continues being the linchpin of real estate as a whole.
Executive Insight: Berkadia’s Stuart, Weisman on Northwest Drive
Two Pacific Northwest-based Berkadia executives offer insight into the real estate finance giant’s plans for the region.
Simpson Housing Opens 114-Unit New Development in Denver ’s Lower Highlands
Simpson Housing | Simpson Property Group has announced the opening of a new apartment community in Denver’s popular Lower Highlands neighborhood.
Kentucky Developer To Build 8-Building Apartment Complex In Baton Rouge
Developers plan to bring another apartment community in Baton Rouge. LDG Development, a Louisville, Ky.-based company, intends to build the new complex at the intersection of Airline Highway and Evangeline Street, in the city’s north side.
Hunt Provides Fannie Mae Loan to Refinance Manufactured Housing Community
Hunt Mortgage Group, a commercial real estate lender has provided a $4.5 million Fannie Mae loan facility to refinance the Terra Vista Manufactured Housing Community, the company announced. The loan was provided to borrower AFK Real Estate Investments, a Delaware limited liability company backed by Angus Keith. It has a 10-year term with 5-years interest only, amortizing over a 30-year period with a 9.5 year yield maintenance period. Florida-based manufactured housing expert Brian Mills brokered the transaction to Hunt.