Cities
On the Market: 5 Interesting CRE Listings for the Week of 6/20
This week’s most interesting CRE listings feature a property with ocean views in Pacific Palisades, Calif., and a North Las Vegas community that’s seeing double with two pools and two spas.
Reseda Development Project Acquired by Gelt
The initiative to revitalize the LA River is encouraging development in the area.
NXT Capital Provides $16M Acquisition Loan for 338-Bed Student Housing Community in Savannah
A 338-bed student housing community changed hands thanks to an acquisition loan arranged by NXT Capital.
Gelt Gets Busy in LA County
The firm recently acquired a 2.4-acre site to develop a new community and an existing property that it plans to give a major renovation.
464-Unit Atlanta Community Trades for $69M
Toronto-headquartered Sutter Hill acquired the 38-acre District at Vinings with plans for as much as $7 million in renovations.
Luxury Florida Community Sells for $77M
The 360-unit luxury multifamily community in Boca Raton was sold by Marcus & Millichap’s Institutional Property Advisors.
Detroit’s Demolition Program Now Has an Online Tracker Map
Residents can find out which vacant houses have been brought down and which are under contract for demolition.
Tutera Breaks Ground on $40M Senior Living Community
The original proposal for Mission Chateau, located in Prairie Village, Kan., called for a 350,000-square-foot community; the new plan scales down the development to 286,000 square feet.
RADCO Picks Up Atlanta Metro Community for $32M
The developer plans to spend about $4 million on capital improvements to the 324-unit community.