Hall Structured Finance Originates A $17.4 Million Loan For The Construction Of A Candlewood Suites in Mesa, Arizona

Dallas-based HALL Structured Finance (HSF) announced today that the company has originated a $17.4 million loan in connection with the development of a Candlewood Suites by IHG in Mesa, Arizona. The project is being developed by Overland Development.

Site of former eyesore in downtown Peoria could soon get new life. Here's what is planned

A long-vacant property in Peoria, once called one of the West Valley’s biggest eyesores, could soon see redevelopment, if given final approval by the City Council.

Builders pitch new mid-rise apartment project for Central City

Developers would replace a squat office building in Central City with a 12-story mid-rise apartment building under a new proposal released this week.

Fry's to open new Valley locations; more retailers set for Peoria; 10 other deals to know

Also in the West Valley, Utah-based Overland Group Inc. is proposing to turn a nearly 8-acre site in Peoria's Old Town area into a new mixed-use project with multifamily and retail offerings.

Overland Group Breaks Ground on Avondale Commons Mixed-Use Project in Arizona

Overland Group as developer and Overland Construction as general contractor have broken ground on Avondale Commons, a 22.6-acre mixed-use development on the northwest corner of Avondale Boulevard and McDowell Road in Avondale.

Avondale Commons mixed-use development will break ground

Construction begins this month on Overland Group, Inc.’s Avondale Commons, a 22.6- acre mixed-use development on the northwest corner of Avondale Boulevard and McDowell Road. The project will bring four luxury apartment buildings, a hotel, two restaurants, four office buildings and many retail shops to the area.

Avondale approves rezoning for 22-acre mixed-use development near Interstate 10

Called Avondale Commons, the master-planned development will include a mixture of apartment housing with supportive retail and employment commercial uses and be developed by Overland Development Corp.

Mixed-use Dev. Proposed for Vacant Avondale Site

Overland Group, Inc. is looking to develop a horizontally integrated mixed-use project with commercial and residential uses on a vacant 22.6-net acre property at the NWC of Avondale Boulevard and McDowell Road in Avondale.

Crismon Commons to be Heard at Mesa P&Z

Developer and applicant, Overland Development Corp is requesting rezoning approval of a +/-11-acre site north of Baseline Road on the west side of Crismon Road, from Limited Commercial to LC Planned Area Development, as well as a Conditional Use Permit, Site Plan Review approval and Preliminary Plat request to replace the office condominium plat with, “a revised plat with three lots for each use: hotel, restaurant and multifamily residential,” according to the project documents submitted to the city.

What is a GP Promote?

A common term you here in real estate investing is a general partner (GP) promote. A general partner or sponsor is the individual or company who makes day-to-day decisions regarding a real estate investment. The GP promote goes by several terms including sponsor promote or carried interest. These terms describe a GP’s disproportionate share of profits in a real estate deal above a predetermined return threshold. In this article we’ll go over: What is a GP Promote? Real estate sponsors generally invest their own capital into a deal alongside third-party equity partners. The sponsors contribution is generally between 10-25% of the

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Understanding the Real Estate Development Process

Before making any decisions to invest in a commercial real estate development project, it’s important to understand how the entire development process works. That will allow you to be able to track the progress of your investment. There are 7 major steps to commercial real estate development. Site Acquisition Due Diligence and Feasibility Entitlements Design Financing Construction Lease-Up Site Acquisition Site acquisition is where the development process really begins. There are several things to look at when selecting a site for development including: Demand Drivers – Understand the characteristics that make the asset you are wanting to develop successful. That

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