real_estate_development

Lebanon, New Hampshire – September 22, 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.

Cleveland – September 16, 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.

Rockport, Texas – September 12, 2026 -- Southerland Communities has acquired The Reserve at St. Charles Bay, a 130-acre waterfront residential community on Rockport's Lamar Peninsula, from McCombs Enterprises, which established the development in 2008.

120 homes already stand on the bayfront property, with half the acreage still open for development

The community sits adjacent to Goose Island State Park and includes a 500-foot fishing pier, a resort-style pool, protected wetlands and more than two miles of waterfront boardwalks. Every home in the community is waterfront, and most include backyard docks providing direct access to the Aransas Bay system.

Southerland plans additional canals, waterfront homesites and amenities on the remaining acreage

The Texas-based, family-owned developer intends to expand the property's canal network and add new waterfront homesites as part of its investment plan, according to the company.