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Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Denver mid rise multi housing complex secures $27.5M senior financing

DENVER, Dec. 5, 2024 - JLL Capital Markets announced that it has secured a $27.5 million financing for Kabin Apartments, 194-unit modern multifamily community in Denver's vibrant River North Art District, in Colorado. JLL represented the borrower, a joint-venture between Trailbreak Partners and Quannah Partners, in arranging a fixed-rate loan. Kabin Apartments is strategically ...

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05.12.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

REITs are benefiting from several tailwinds to end 2024 and are poised for a strong year ahead

CHICAGO, Dec. 05, 2024 - Despite recent interest rate-driven volatility, public REIT returns have posted a strong 2024 YTD, up over 16% with healthcare, data center and office REITs emerging as top performers thus far. JLL's latest M&A and Strategic Transactions Monitor reveals the top themes in both public and private markets through year-end 2024 and forecasts for 2025. ...

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05.12.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

B&D Holdings acquires fully leased 109K SF industrial asset in Avon, MA for $18.5M

BOSTON, Dec. 5, 2024 - JLL Capital Markets announced today it arranged the $18.5 million sale and acquisition financing for 21 Parker Drive, a 109,300-square-foot industrial asset in Avon, Massachusetts. JLL represented the seller, Oliver Street Capital and Bain Capital Real Estate, in the sale to B&D Holdings. Working on behalf of the new owner, JLL also arranged the fixe ...

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05.12.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

$10.3M in construction financing secured for New Jersey industrial development

MORRISTOWN, N.J., Dec. 3, 2024 - JLL Capital Markets announced today it secured $10.3 million in construction financing for 485 Elizabeth Avenue, a speculative warehouse and distribution facility located in Somerset, New Jersey. JLL worked on behalf of Bridge Logistics Properties to secure a construction loan with Wintrust Bank. The 76,230-square-foot facility, to be built at ...

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03.12.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Luxury waterfront multifamily asset in North Carolina trades hands

RALEIGH, Dec. 3, 2024 - JLL Capital Markets announced today that it has arranged the sale of Pier 33, a 286-unit luxury multifamily asset located in the heart of downtown Wilmington, North Carolina. JLL worked on behalf of the seller, Dewitt Carolinas, Inc., and procured the buyer, Middle Street Partners. JLL also represented the borrower, to originate the Fannie Mae loan. The ...

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03.12.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Opportunity fund acquires hotel assets near Memphis and in a northern Atlanta suburb

ATLANTA, Dec. 3, 2024 - JLL Capital Markets announced today, on behalf of Woodvale Opportunity Fund I, the closing of a $25 million acquisition of the Southaven Marriott Portfolio, and the $11 million acquisition of the Fairfield Inn & Suites Buford. The Southaven Portfolio includes the Courtyard Memphis Southaven (85 keys) and the Residence Inn Southaven (78 keys), both l ...

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03.12.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

New Jersey office property acquired by Princeton University trades for $33.4M

MORRISTOWN, N.J., Dec. 2, 2024 - JLL Capital Markets announced today that it has completed the $33.4 million sale of Princeton Overlook, a 158,180-square-foot office building in West Windsor, New Jersey. JLL represented the seller, Cali Overlook, LLC, and procured the buyer, Princeton University. Princeton Overlook has a strategic location along US Route 1 in West Windsor Town ...

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02.12.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

Financing secured for Class A multifamily development in Austin

AUSTIN, Dec. 2, 2024 - JLL Capital Markets announced today that it has secured construction financing for Far West Apartments, a 321-unit, Class-A multifamily community in Austin, Texas. JLL represented the borrower, Central Southwest Texas Development, in arranging the ten-year, floating-rate loan through Poppy Bank. Far West Apartments, located at 3525 Far West Blvd., will b ...

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02.12.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL closes $9.83M sale of Rivergate Square, a Nashville-area retail center

ATLANTA, Dec. 2, 2024 - JLL Capital Markets announced today the $9.83 million sale of Rivergate Square, an 81,935-square-foot retail center located within the Nashville, Tennessee MSA. JLL represented the seller, Albanese Cormier, in the successful sale of Rivergate Square. Rivergate Square, located at 1584 Gallatin Pike North in Madison, Tennessee, occupies a prime location a ...

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02.12.2024
Jones Lang LaSalle Inc.

Jones Lang LaSalle Inc.

JLL and HJ Sims secure $473M tax-exempt and taxable bond financing to facilitate California seniors housing rental development

NEWPORT BEACH, Calif., Dec. 2, 2024 - JLL 's Capital Markets group and HJ Sims announced today that they have arranged $473 million in tax exempt and taxable bond financing for the ground-up development of The James, a luxury rental, 350-bed seniors housing community in Irvine, California, which is the largest tax-exempt senior living financing of the year and largest non-prof ...

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02.12.2024