Park Street Homes expands urban infill homebuilding model
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Park Street blends standardized construction controls with reflective design for established neighborhoods and scattered lots
External link. Real Estate Trail does not republish source content.
More from the wire
Alexandria’s Office Vacancy Rate Drops Below 19%—But the Good News Comes With an Asterisk
141Willoughby Residential Conversion Snags $208M Construction Loan
Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, originated a $208-million first mortgage construction loan for 141 Willoughby St., a 24-story, 355,000-square-foot Class A towe…
Sansone Delivers Nearly 300K-SF Midlothian Logistics Facility
Sansone delivered the new Palmer Logistics facility at Midlothian Business Park. Located on 26.5 acres, the 269,700-square-foot build-to-suit logistics facility is fully leased to Palmer Logistics, a fourth-generation…
Fengate, Mavrek Break Ground on 380-Unit Mixed-Use Residential Development in Chicago
Fengate Asset Management and Mavrek Development recently celebrated the groundbreaking of Julep West Loop, a new 25-story mixed-use residential development in Chicago’s West Loop neighborhood. The development will del…
Evergreen Devco Moving Ahead on Denver-Area Mixed-Use Community
Evergreen Devco is building apartments, a senior living facility and retail in Thornton, just outside Denver. Creekside Gardens will span 26 acres at the southwest corner of East 104th Avenue and Washington Street. Th…