JLL Capital Markets Secures $29.5 Million Financing for Luxury Housing in Nutley
News Summary JLL Capital Markets has arranged $29.5 million in construction financing for the Soho Park Residences, a luxury development for individuals aged 55 and older in Nutley, New Jersey. This project will feature 85 units and is expected to enhance the housing options for the aging population in the area. Featuring resort-style amenities, the […]
$425 Million Construction Financing Secured for Fields West Development
News Summary The Fields West mixed-use development project in Frisco, Texas has secured $425 million in construction financing from notable financial institutions. This funding will facilitate the construction within a 55-acre area of the master-planned Fields community, aiming to create a vibrant hub that includes residential units, shopping, and dining options, projected to open between […]
Fields West Development in Frisco Secures Major Construction Loan
News Summary Fields West, a 55-acre mixed-use project in Frisco, Texas, has secured a $425 million construction loan. The funding, facilitated by Hunt Realty Investments and The Karahan Cos., will contribute to a project estimated at $2 billion. With plans for 350,000 square feet of retail and dining space as well as offices, Fields West […]
NuRock Secures Funding for Affordable Housing in Hollywood
News Summary NuRock Companies has secured $38.7 million to develop the Residences at Beverly Park, an affordable housing project in Hollywood, Florida. Comprising 115 units, this development aims to address the local affordable housing crisis by offering energy-efficient homes to low- and moderate-income residents. The project will be designed by CFM Architects and will include […]
WSFS Financial Corporation to Announce Q2 Earnings
News Summary WSFS Financial Corporation, the oldest bank in the U.S., is preparing to announce its Q2 earnings. With notable growth in lending and wealth management services, the bank’s performance shows solid financial health. The announcement will cover key metrics and management insights, as stakeholders anticipate the earnings call on July 25. Recent structural changes, […]
Fields West Development in Frisco Secures $425 Million Loan
News Summary The Fields West development in Frisco, Texas has secured a $425 million construction loan from major banks, marking a significant step in its progress. The development aims to create a vibrant mixed-use community on 160 acres with residential, retail, and office spaces, and is part of a larger $2 billion investment in the […]
Cronheim Hotel Capital Secures $39 Million for New AC Hotel in Downtown Knoxville
News Summary Cronheim Hotel Capital has secured $39 million in financing for the construction of the AC Hotel Knoxville Downtown, set to feature 161 rooms and a rooftop bar. Located at the intersection of Walnut St. and Locust St., the project emphasizes sustainability with a C-PACE component. Construction is expected to be completed by winter […]
Royal Palm Companies Files $67 Million Lawsuit Over Miami Project
News Summary Royal Palm Companies has initiated a $67 million lawsuit against Silverstein Capital Partners and Monarch Alternative Capital, alleging conspiracy and financial misconduct related to the Legacy Miami Worldcenter project. The lawsuit claims the defendants engaged in unethical practices, including the transfer of a loan to a ‘dummy corporation’ and imposing excessive interest rates. […]
U.S. Housing Market Faces Shortage of 4.7 Million Homes
News Summary The U.S. housing market is currently facing an unprecedented shortage of approximately 4.7 million homes, leading to challenges for homebuyers nationwide. With a significant annual deficit and rising construction costs, the housing landscape is becoming increasingly complex. Factors such as supply chain disruptions, labor shortages, and high interest rates further compound the issue, […]
KeyBank Finances Over $100 Million for Affordable Housing in Oceanside
News Summary KeyBank has revealed its financing of over $100 million for the El Camino Real housing project in Oceanside, California, which aims to provide affordable housing to families in need. The financing includes various loans totaling over $100 million and support from additional funding sources. The project will offer 111 apartments targeted at low […]