North Carolina Community Sells for $57M
CBRE represented RK Properties, which sold the Raleigh property five years after acquiring it.
First Citizens Provides $66M for 3 Self Storage Purchases
Affiliates of Morningstar Properties acquired these Houston and Las Vegas properties.
Optima Moves Ahead With $1B Arizona Development
Optima McDowell Mountain Village in North Scottsdale will have some 1,300 units spread among rental apartments and for-sale condominiums.
JRK Buys 2 Assets Via $1B Fund
The properties are located within two of the nation’s fastest-growing markets.
Pizzuti Cos. Launches 19-Story Chicago Tower
The development planned for the city’s West Loop neighborhood is expected to deliver next year.
Blackstone REIT Gets $4B Infusion From UC Investments
Blackstone will contribute $1 billion of current BREIT holdings to the new strategic venture with the University of California.
WHC Acquires DC Development for $72M
Amazon and JBG Smith financing backed the nonprofit’s latest purchase.
$600M Sale in Chicago Sets 2 Records
The assets traded with help from a Fannie Mae loan co-funded by Arbor Realty and NewPoint Real Estate Capital.
$50M Pre-Development Loan for NJ Project
The financing was secured by a joint venture developing a nearly 20-acre site in Edgewater that will contain 1,200 units.
$373M Redevelopment Project Begins in Brooklyn
The mixed-use community with 576 affordable units is part of New York’s Vital Brooklyn Initiative.