Centum Capital Secures $44 Million for Heartland Flats Apartments
News Summary Centum Capital has secured a $44 million construction loan for the Heartland Flats Apartments in Lincoln, Nebraska. This funding will facilitate the development of a multifamily residential project aimed at meeting the increasing housing demands in the region, especially given the area’s notable occupancy rates and economic growth. Construction is anticipated to be […]
Central Susquehanna Valley Thruway Approaches $1 Billion Mark
News Summary The Central Susquehanna Valley Thruway is nearing a $1 billion completion with significant progress on new bridges and interchanges. The Pennsylvania Department of Transportation has updated the project cost to $970 million, due to rising expenses. Construction of the southern section is on track to finish by the fall of 2027, which includes […]
Apex Money Lending Group Launches Business Acquisition Loan Program
News Summary Apex Money Lending Group LLC has introduced a specialized Business Acquisition Loan program for entrepreneurs in Colorado, offering crucial financial support for acquiring existing businesses. This program provides flexibility with loan amounts starting at $100,000 and interest rates from 12%. It aims to assist individuals in covering costs associated with business purchases such […]
Balfour Beatty Begins Construction on Luxury Apartment Building
News Summary Balfour Beatty has officially commenced construction on a $260 million luxury apartment building named 1301 in Washington D.C. This project features 356 market-rate units and is part of the larger $2 billion Portals mixed-use development. The final phase of Portals IV, the building will include high-quality amenities and community spaces, enhancing urban living […]
New $65.5 Million Multifamily Development Planned for Denver’s River North Art District
News Summary JLL Capital Markets has secured $65.5 million for a new multifamily development at 3850 Blake in the River North Art District. This 16-story building will feature 310 housing units, 40% of which will be affordable for residents earning 70% of the area median income. Set for completion in 2027, the project is positioned […]
Construction Financing Secured for New Student Housing Near University of Michigan
News Summary CRG and Shapack Partners have secured financing for Chapter Ann Arbor, a 19-story student housing project located close to the University of Michigan. This development will provide 183 units with 625 beds, addressing the increasing demand for student accommodations in Ann Arbor. The project, set to begin construction in August 2025 and complete […]
Chicago City Council Approves $127 Million LeClaire Courts Redevelopment
News Summary The Chicago City Council has approved a significant funding initiative of $127 million for the redevelopment of LeClaire Courts in Garfield Ridge. This first phase will include two six-story buildings with housing units, a childcare facility, fitness center, and retail space. The new community aims to provide approximately 700 housing units, with a […]
Home Bancorp Reports Strong Performance Amid Banking Challenges
News Summary Home Bancorp has shown remarkable growth in its recent quarterly performance, demonstrating resilience in the banking sector. With a sequential loan growth of $29.1 million, the bank’s commercial real estate portfolio also expanded by 3% to reach $1.19 billion. Despite increased nonperforming assets, Home Bancorp maintains strong capital ratios and has implemented effective […]
Western Alliance Bank Names Charles Jones as Senior Director
News Summary Western Alliance Bank has appointed Charles Jones as Senior Director for its Multifamily Housing Finance Group. With over 25 years of experience, Jones aims to enhance financing solutions specifically geared toward affordable housing projects. Based in Los Angeles, he will lead a dedicated team to meet the growing demand for multifamily developer financing. […]
New Multifamily Development ‘3850 Blake’ Breaks Ground in Denver
News Summary Construction has commenced on ‘3850 Blake’, a new multifamily residential project in Denver’s River North Art District. The 16-story building will feature 310 rental units, with a commitment to affordability for residents earning around 70% of the area median income. The project aims to enhance community living with ample amenities while meeting growing […]