As this past weekend’s nail-biter of a Super Bowl reminded us, sports stadiums host leagues like the NBA, NFL, and MLB alongside concerts and other shows that bring in thousands of spectators at once. This creates “massive retail, dining, and advertisement opportunities,” Placer.ai says in a new white paper.  Titled The Retail Opportunity of Stadiums, the …

The post Stadiums Offer Leagues of Retail Opportunities appeared first on Connect CRE.

A trio of investors announced the opening of The Wynwood Haus, a 224-unit apartment building with ground-floor retail. Black Salmon, LD&D and Bridge Investment Group teamed to develop the 20-story building at 23 N.E. 17th Terrace. It’s in the Arts & Entertainment District, just east of Wynwood. Units range from 394-square-foot studios to 945 square …

The post Developer Trio Debut 224-Unit Wynwood Apartments appeared first on Connect CRE.

The Dermon Building in Memphis was built 99 years ago, designed as an office building. It’s been vacant since 2010, but now a group is moving forward with a hotel. Turkey Creek Hospitality and Hospitality Builders of America are heading up the development team. The group is planning a 150-room Holiday Inn Express hotel. The …

The post Memphis Dermon Building Converting to 150-Room Hotel appeared first on Connect CRE.

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to refinance the recently completed Morrison Yard Residences, a 379-unit rental project in Charleston. CBRE arranged the loan for the venture, which also includes 27,608 square feet of ground-level retail space. Northwestern Mutual Life Insurance Company provided a 6% range fixed-rate refinancing loan. Located …

The post Developer Duo Secures $120M Refi for Charleston Harbor Rental Community appeared first on Connect CRE.

Madison Communities and Heitman have closed a $44 million construction loan for Madison Bonita Springs, a 252-unit Class A apartment community in Bonita Springs, Fla. First Citizens Bank provided the financing. Patterson Real Estate Advisors facilitated the loan. “Madison Bonita Springs represents an excellent opportunity to capitalize on the robust economic development momentum in the area,” said Heitman’s …

The post Bonita Springs Site for 252-Unit Apartment Community appeared first on Connect CRE.

Walker & Dunlop has arranged the $29.5 million refinancing of Marine Terrace Apartments, a former condo building that consists of 190 multifamily units in Chicago’s Uptown neighborhood. Walker & Dunlop’s Milwaukee Capital Markets team, led by Dean Huber and Brien Martin, arranged the deal on behalf of client Rany Management and lender Prime Finance. Around …

The post Walker & Dunlop Arranges $29.5M Refi of Uptown Apartments appeared first on Connect CRE.