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Asia Capital Real Estate Lands $43M Loan for Tampa Acquisition

Asia Capital Real Estate Lands $43M Loan for Tampa Acquisition With help from JLL Capital Markets, the company purchased a suburban garden-style property in Hillsborough County. Jun042021 Image courtesy of NorthMarq Asia Capital Real Estate has acquired Lola Apartments, a 264-unit Class A community in Riverview, Fla., in Hillsborough County. The seller, a joint venture between Lindell Investments and Investors Realty, was represented in the transaction by NorthMarq Tampa’s Investment Sales team. Working on behalf of the buyer, JLL Capital Markets secured a $42.8 million acquisition loan through lender CIT Group. Lola Apartments is located at 9960 Jonas Salk Drive, in the southeast suburban area of Tampa, Fla. The pet-friendly property features one-, two- and three-bedroom units in proportions of 45 percent, 49 percent and 6 percent, respectively, with an average unit size of 968 square feet. Finishes include stainless steel appliances, island ki

A Curved Office in California, a Metal-Screened Education Project in North Carolina, and a Barbecue Restaurant in Virginia

A Curved Office in California, a Metal-Screened Education Project in North Carolina, and a Barbecue Restaurant in Virginia
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KWA Construction Breaks Ground on 217-Unit Reed Parke Upscale Apartment Community in Fort Worth Suburb of Burleson, Texas

FORT WORTH, TX - KWA Construction, a leading general contractor specializing in multifamily developments throughout Texas, has broken ground on the Reed Parke Apartments in Burleson, Texas. Developer Sovereign Properties selected KWA Construction to build the 217-unit, 296,175-square-foot multifamily complex on the southern edge of the flourishing Dallas-Fort Worth metroplex. The City of Burleson offers locals over 20 parks encompassing over 550 acres of green space and rolling hills. With growing economic development, low crime rates and outstanding schools, it is highly praised as a desirable community to live, work and play. “The Reed Parke Apartments marks the beginning of KWA Construction’s business relationship with Sovereign Properties and our shared commitment to quality construction and high-class finishes,” said Brian Webster, President of KWA Construction. “We know these apartment homes will become prominent fixtures in the community and preferred by families and

OU acquires Cross Village through partnership with Chickasaw Nation

A University of Oklahoma banner hangs on the Norman campus. The University of Oklahoma is partnering with the Chickasaw Nation to fully acquire Cross Village, the embattled upperclassmen living facility that will now offer the university a fall housing solution. The Chickasaw Nation’s Sovereign Properties Holdco, LLC will pick up the land lease for Cross and lease the complex to OU until the university “secures its own financing,” according to OU. The acquisition of Cross feeds into OU’s larger plan for freshman housing, announced and approved at a Board of Regents meeting in March. OU plans to replace Walker, Couch and Adams towers, decades-old freshman housing structures that have reportedly experienced significant mold problems in recent years. OU President Joe Harroz said at the March 5 regents meeting that he’s not yet sure what the replacement housing will look like, but that OU has contracted an architectural firm to guide the process.

Neuberger Berman Affiliate Invests $320M in Asia Capital Real Estate

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