Development
Berkadia Secures $50M in Financing for Cleveland Project
The company secured the loan from Related Fund Management for the development of Centric Apartments, a 272-unit community.
$35M Goes into FL Senior Living Expansion
Construction of Mallorca is underway and the renovations and expansions will be completed by the first quarter of 2018.
Commonwealth Development Buys IN Site for Affordable Housing Project
The company is planning 35 units on the former site of a Chevrolet plant in Muncie.
GracePointe Crossing Breaks Ground on $50M Expansion
The Cambridge, Minn., redevelopment includes the addition of 50 senior units and 18 assisted living memory care apartments.
JV Secures $150M Construction Loan for Queens Tower
AIG is providing the financing for the luxury community, which is set to open in early 2018.
Detroit High-End Mixed-Use Development Opens
Broder & Sachse Real Estate and Woodborn Partners are calling the property “something totally new” for the city.
BrightStar Senior Living to Open Second WI Location
The assisted living and memory care facility is slated to open in early 2018.
HTG Secures Financing for $25M South Florida Senior Housing
HTG acquired the vacant tract to develop the property, while other funding sources came from TD Bank, Neighborhood Lending Partners and Low Income Housing Tax Credits.
Caddis Breaks Ground on High-End Texas Senior Community
The 178-unit independent living, assisted living and memory care facility is expected to be completed in winter 2017.
Eight Projects Valued at $1B to Break Ground in Boston
The city’s planning agency approved a wave of developments along with a set of guidelines for the South Boston Dorchester Avenue Study Area.