Land O’ Lakes, FL The Altman Companies, a nationally recognized developer, builder, and manager of rental apartment communities, in partnership with The Rockpoint Group, announced that the pre-leasing of Altís Grand Suncoast, a 449-unit upscale Apartment
Edinburg, TX Cronheim Mortgage has secured a 75% LTC, three-year fixed-rate construction loan for the development of a 200-unit, Class A, resort-style multifamily complex dubbed, “Las Villitas.” The $18.3 million financing was closed with a regional bank and features a 36-month interest only period followed by a 12-year term. The property is a part of a larger master-planned mixed-use development by the sponsor, walking distance from what will be Class A retail amenities. The subject is located in the McAllen-Edinburg MSA, minutes from the University of Texas
Miami, FL BHI, a full-service commercial bank, announced that it has provided a $6 million loan to refinance 1444 Drexel Ave. The loan provided by BHI will enable the Casa Victoria Orchid Hotel to further enhance the guest experience through strategic
Seattle, WA NAIOP, the Commercial Real Estate Development Association, has selected VanTrust Real Estate, LLC (VanTrust) as its 2023 Developer of the Year – the association's highest honor. The award will be presented during NAIOP's CRE.Converge conference this
Oshawa, ON Kevin Ross, managing director at Largo Capital Limited, arranged a $1.8 million non-recourse loan to finance a 9,688 s/f retail plaza. The property is currently 100% occupied with a variety of restaurant and food service tenants
Mobile, AL Eastern Union, one of the country's largest commercial real estate brokerage firms, has arranged $14.747 million in refinancing for two multifamily properties comprising a total of 334 units
Fort Lauderdale, FL The Altman Companies, a nationally recognized developer, builder, and manager of rental apartment communities, announced the launch of a new division, Altman Living, focused on creating affordable and workforce housing. The division intends to address the growing need for affordable housing in our communities and will serve as a strategic investment to complement and enhance the business of The Altman Companies
Chicago, IL Avison Young announced that Harry Klaff will transition to the role of U.S. president. Klaff’s deep industry knowledge within the firm and the commercial real estate industry will position him to lead Avison Young’s U.S. team, working closely with the firm’s CEO, principals, and executive team. He will continue to operate out of Washington, D.C., overseeing the firm’s U.S. markets
Hollywood, FL The investment platform FundRebel, LLC announced its first target asset is under contract to be acquired for $67 million. The property, Nine Hollywood, is situated in a high-demand area, centrally located just minutes
Costa Mesa, CA JRM Construction West has completed a relocation project for Miu Miu at South Coast Plaza. This 2,331 s/f project is located at 3333 Bristol
