TCB Breaks Ground on 65-Unit Mixed-Income Housing Project in Provincetown, Massachusetts
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
PROVINCETOWN, MASS. — Nonprofit developer The Community Builders (TCB) has broken ground on Province Post, a 65-unit mixed-income housing project that will be located in Provincetown, situated at the tip of Cape Cod.…
External link. Real Estate Trail does not republish source content.
More from the wire
Richborough wins ‘landmark’ appeal for 700,000 sq ft industrial park
Doug Kennedy’s Next Staff Training Webcast: Hotel Sales Leaders: Why Your Salespeople Don’t Close More Deals – And What To Do About It
KTN's Doug Kennedy hosts a free 40-minute webcast on Nov. 20 for hotel sales leaders, covering why salespeople underperform and how to rebalance tech investment with human-led sales fundamentals.
Construction advances on 322-unit apartment complex at former UConn West Hartford campus
Catal Capital Lends $38M on Margaritaville-Branded RV Resort in Georgia
A joint venture between South Street Partners and Brighton Real Estate Ventures has sealed $38 million of construction financing to develop a Margaritaville -branded recreational vehicle (RV) resort in Georgia, Commer…
Abilene Commission Approves $2.035 Million Shift From CCLIP and Industrial Park Funds
Can Real stem REMAX’s agent attrition? Executives outline their plans
Executives said integration has produced $40 million in annualized cost savings and more than 150 job cuts