Real Estate Development

FaverGray Breaks Ground on 415-Unit Jacksonville Beach Project

Jacksonville Beach, Fla. – September 24, 2026 -- FaverGray has broken ground on a 415-unit market-rate multifamily community on the former site of Adventure Landing in Jacksonville Beach, marking the general contractor's second project with developer Trevato Development.

Development spans 10.7 acres with 410,509 square feet of new construction

The project will introduce a mix of one-, two- and three-bedroom rental units across two three-story residential buildings. Approximately 1,800 square feet of ground-floor commercial space will be included alongside the residential units.

Newmark Arranges $482.5M Loan for Steamboat Springs Ultra-Luxury Resort

New York – September 23, 2026 -- Newmark Group has arranged a $482.5 million loan to finance The Stockman, Auberge Collection, an ultra-luxury ski-in, ski-out resort that recently broke ground in Steamboat Springs, Colorado. The financing was provided by GoldenTree Asset Management, a global asset manager with approximately $70 billion in assets under management, on behalf of developer Stockman Development LLC, led by Marquee Development.

Newmark team structures nine-figure debt package for mountain resort sponsor

Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub led the deal alongside Vice Chairman Nick Scribani, Managing Director Tyler Dumon and Director Holden Witkoff.

Nuveen Green Capital Closes $23.2M First-Ever C-PACE Deal in New Hampshire

Lebanon, New Hampshire – September 21, 2026 -- Nuveen Green Capital (NGC) has closed $23.2 million in Commercial Property Assessed Clean Energy (C-PACE) financing for The Brickyard development in Lebanon, New Hampshire, marking the first C-PACE transaction ever completed in the state.

Financing package totals $55 million across three capital partners

The C-PACE assessment closed alongside a $31.5 million senior construction loan from Silver Heights Capital, bringing the total financing package to $55 million. Kay Finance arranged the debt structure, with Eitan Rozenberg leading the process on behalf of the developer.

Foss & Company Backs $102.6M Erieview Tower Conversion to W Cleveland

Cleveland – September 10, 2026 -- Foss & Company is providing tax equity investment and bridge financing for the redevelopment of Erieview Tower, a 40-story 1964 landmark in downtown Cleveland, into W Cleveland, marking the first W-branded hotel in Ohio.

Redevelopment generates $102.6 million in qualified rehabilitation expenditures

The project is expected to produce $102,613,690 in qualified rehabilitation expenditures, unlocking $10,000,000 in Ohio Historic Preservation Tax Credits and $13,089,150 in Ohio Transformational Mixed-Use Development (TMUD) Tax Credits. Foss & Company is structuring both credit programs while also serving as bridge lender for the state credits.