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Swenson partners with Grubb Properties, an East Coast developer, to breathe new life into long-slated Oakland project poised to break ground this month

Swenson partners with Grubb Properties, an East Coast developer, to breathe new life into long-slated Oakland project poised to break ground this month
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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East Rosemary Street Developers Share Plans for New Chapel Hill Apartments

East Rosemary Street Developers Share Plans for New Chapel Hill Apartments
chapelboro.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chapelboro.com Daily Mail and Mail on Sunday newspapers.

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Greystone Closes $55 Million Freddie Mac Loan to Refinance Grubb Properties' 344-Unit Multifamily Property in Winston-Salem, NC

Greystone Closes $55 Million Freddie Mac Loan to Refinance Grubb Properties’ 344-Unit Multifamily Property in Winston-Salem, NC
NEW YORK, May 10, 2021 (GLOBE NEWSWIRE) Greystone, a private national commercial real estate finance company, announced today it provided a $54,934,000 permanent Freddie Mac loan to an affiliate of Grubb Properties to refinance a recently constructed and stabilized 344-unit Class A multifamily property in the heart of Innovation Quarter in Winston-Salem, North Carolina.
The new 15-year, fixed-rate loan is a permanent takeout of the construction financing arranged by Greystone in 2018. Drew Fletcher, Paul Fried, and Matthew Hirsch originated both the construction and the permanent financing on behalf of Grubb. ....

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Greystone Closes $55 Million Freddie Mac Loan to Refinance Grubb Properties' 344-Unit ...

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Greystone Closes $55 Million Freddie Mac Loan to Refinance Grubb Properties’ 344-Unit .
GreystoneMay 10, 2021 GMT
NEW YORK, May 10, 2021 (GLOBE NEWSWIRE) Greystone, a private national commercial real estate finance company, announced today it provided a $54,934,000 permanent Freddie Mac loan to an affiliate of Grubb Properties to refinance a recently constructed and stabilized 344-unit Class A multifamily property in the heart of Innovation Quarter in Winston-Salem, North Carolina.
The new 15-year, fixed-rate loan is a permanent takeout of the construction financing arranged by Greystone in 2018. Drew Fletcher, Paul Fried, and Matthew Hirsch originated both the construction and the permanent financing on behalf of Grubb. ....

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Downtown projects move forward in Winston-Salem as developers look past the COVID-19 pandemic

March 20 was a day that Simon Burgess will remember: It was the first night since the start of the COVID-19 pandemic here that all the rooms in the Hotel Indigo downtown were booked.
âThe restaurant has been doing really well,â he added. âIt is still tough, but we can see the light at the end of the tunnel.â
Burgess is managing director of Mayfair Street Partners, which renovated the old Pepper Building as the Hotel Indigo in 2018 and had big hotel plans for nearby Merschel Park. The restaurant in the hotel is the Sir Winston.
Now, Burgess is feeling optimistic about development in downtown Winston-Salem, although heâll be building apartments instead of hotel rooms to overlook Merschel Park at the south end of Trade Street downtown. ....

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