Rick Cavenaugh

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  • Stalled Chicago Tower Restarts with U.S. Bank Loan

    Related starts a Chicago tower thanks to financing from U.S. Bank; Stoneleigh Companies and Arris Investments land construction financing for a 298-unit asset in Denver; and NorthMarq arranges a $20 million loan for a market-rate Las Vegas community.

    National 26 September 2012 19:04

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    The 280-unit Lamplight Square at the Park is located in Colorado Springs. Griffis/Blessing plans to upgrade unit interiors, as well as the outdoor/indoor pool and the fitness area.

    13 September 2017 08:54
  • Economy Watch: Real Estate Investment Off in First Half of 2017

    Industrial was the only sector that saw an increase in total investment volume in the first six months of the year, Avison Young recently reported.

    28 September 2017 17:11
  • REIT Nabs $57M NC Community

    Bluerock Residential Growth REIT acquired Wesley Village, a 301-unit property in Charlotte that the company plans to upgrade. The transaction was made possible through the assumption of a $41 million Freddie Mac loan.

    07 April 2017 13:48
  • Raleigh: Solid Fundamentals Round Triangle’s Edges

    Population gains and steady rent growth are luring multifamily investors and developers to the Research Triangle. Demand is outstripping supply, but with more than 5,000 units scheduled for completion by year-end, that trend is likely to moderate.

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  • Berkadia Secures $99M for FL Acquisitions

    Advenir has secured two communities: the 360-unit Crown Pointe in Broward County and the 358-unit Gateway Lakes in Sarasota.

    11 October 2017 19:49
  • SALT Launches $275M Mixed-Use Development

    Hardware District in Salt Lake City will comprise four buildings, 466 luxury units and 260,000 square feet of office space. The two residential properties are scheduled for completion in February and August of 2018.

    29 June 2017 15:12
  • LMC Opens Mixed-Use Community in AZ

    Nexa, located in North Tempe, Ariz., consists of 399 units and 4,300 square feet of ground-floor retail. The community is part of a larger redevelopment plan for the Apache Corridor.

    13 July 2017 17:17
  • Economy Watch: Texas LEEDs in Residential Projects

    The Lone Star State has the most LEED-certified residential construction projects in the U.S., with more than half of them located in the Dallas-Fort Worth-Arlington metro area, according to a recent ABODO report analyzing USGBC data.

    25 September 2017 14:47
  • High-Voltage Incentives

    The financial and environmental rewards of improving energy efficiency are well known, yet even as upgrades become common practice, it’s fair to say that plenty of untapped opportunities await.

    03 October 2017 10:54
  • Arrimus Snags FL Student Housing

    The company made its second purchase from Parkland Development Corp. this year with the Forum at Tallahassee, a 264-unit community serving Florida State University students.

    12 September 2017 15:30