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Middleburg Communities’ $10M Redevelopment Preludes Multifamily Sale,

Middleburg Communities’ $10M Redevelopment Preludes Multifamily Sale,

by Kipp Gillian | May 10, 2022 | Multifamily

Vienna, VA-based Middleburg Communities has disposed of Vesta Camp Creek, a 220-unit apartment community on Welcome All Road in Atlanta, GA. Travis Presnell, Mike Kemether, Wesley Lacefield and Wesley Kenney of Cushman & Wakefield for represented Middleburg in the...
Draper and Kramer Secures $114M HUD Loans for Tandem Development Projects ,

Draper and Kramer Secures $114M HUD Loans for Tandem Development Projects ,

by Kipp Gillian | May 9, 2022 | Multifamily

Matt Wurtzebach, SVP with Draper and Kramer’s Commercial Finance Group (CFG), led a team in arranging $114 million in construction and refinance loans on behalf of client Tandem Development for two mixed-use properties in Chicago’s West Loop and River West.   The team...
New Construction Multifamily in Chicago’s Hyde Park Goes for $12M,

New Construction Multifamily in Chicago’s Hyde Park Goes for $12M,

by Kipp Gillian | May 9, 2022 | Multifamily

A new construction multifamily property in Chicago’s South Side Hyde Park neighborhood has been sold for $12 million, according to Interra Realty managing partner Brad Feldman, who brokered the transaction. The new property at 5055  S. Dorchester has 34 units,...
$207M Loan Advances Hudson Hotel Redevelopment ,

$207M Loan Advances Hudson Hotel Redevelopment ,

by Kipp Gillian | May 9, 2022 | Multifamily

Parkview Financial provided a $207-million loan toward the purchase and redevelopment of the Hudson Hotel in Midtown Manhattan. The 24-story building at 353-366 W. 58th St. was most recently an SBE-operated hotel owned by Cain International, which shuttered in 2020...
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