by Kipp Gillian | Jan 23, 2024 | Multifamily
The Tower Life building will take on a new role. Alamo Architects is tasked with creating a new look for the onetime prominent office building. The new look will include residential apartments. McCombs Enterprises bought the 95-year-old property in 2022, and this...
by Kipp Gillian | Jan 23, 2024 | Multifamily
GTIS Partners and Clyde Capital are combining efforts on the development of a $250 million mixed-use, master-planned community in Surprise. The Asante Trails project will include a build-to-rent community, retail space and a medical facility, built across 90 acres of...
by Kipp Gillian | Jan 23, 2024 | Multifamily
Summit at Salado Creek and The Canopy Apartments are being auctioned off, victims of the tenuous borrowing climate. The San Antonio Business Journal reports the two are slated for a distressed sale next month after their owners defaulted on tens of millions of debt....
by Kipp Gillian | Jan 23, 2024 | Multifamily
Work has started on Wyld Oaks, a 215-acre mixed-use project in Apopka, Fla., 25 miles northwest of Orlando. The project reportedly represents a $1.2 billion total investment. Joseph Beninati is head manning the project. Sited at 4105 Golden Gem Road, the development...
by Kipp Gillian | Jan 22, 2024 | Multifamily
CIBC has announced financing for an affordable housing initiative, including a $17.6 million construction loan, a $708,000 permanent loan and a $26 million investment in Boulevard Apartments Preservation, LP. The funding will be used to acquire and rehabilitate the...
by Kipp Gillian | Jan 22, 2024 | Multifamily
JLL has closed the $53.4 million sale of and the $25.5 million financing for Elan West End, a 164-unit, newly built multi-housing community in St. Louis Park, Minnesota. JLL worked on behalf of the seller and procured the buyer. The firm also represented the new owner...