Business Specialties
Salvo Property Group Develops $259M MF Tower in Melbourne
Salvo Property Group, a leading Australian development company focused on developing affordable luxury properties, has appointed Brookfield Multiplex to design and construct Platinum Tower, a $259 million (AUD 280 million) multifamily tower in Melbourne.
Condo Sales Underway at Renovated Upper East Side Building
Sales have commenced at RFR Holding LLCs newest residential condominium, 300 East 64th Street, located in New York’s highly-sought after Upper East Side neighborhood. The 31-story building is currently the only condominium in the neighborhood offering immediate move-in opportunity.
TODAY’S DEALS: Newly Completed Austin Community Trades Hands
Oden Hughes sells a 2013-built asset in Austin; TD Bank funds a $17.3 million loan for the acquisition of apartment units; abd Boston Capital invests in a Texas LIHTC development.
‘What Renters Want’ with Jessica Fiur: Apartment Bathrooms and Prospective Residents
It’s a question all prospective renters want to know when they’re touring an apartment, but very few ask: Could they use the toilet?
TODAY’S DEALS: NorthMarq Refinances San Diego Apartment Asset
NorthMarq arranges a $52 million refinancing in San Diego; ARA brokers a Texas sale to a Montana buyer; and Dominium acquires an affordable housing community in Florida.
Carroll Organization, Goldman Sachs Asset Management Acquire Mixed-Use Community in Tampa, Fla.
The Carroll Organization has announced that its joint venture with AIMS Real Estate has acquired the 617-unit mixed use community West Park Village, which is about 10 minutes north of Tampa, Fla.’s Westshore submarket. The property marks Carroll Organizations 14th major purchase in Florida and the asset is primed for value-add potential.
Incentives Aim to Green Up New York, Reduce Operating Costs for Building Owners
A recent study found that 75 percent of greenhouse gasses in New York City are being generated by buildings, a majority of which are multifamily residential buildings. The alarming figures have prompted companies to develop programs that incentivize green upgrades in an effort to entice multifamily building owners to curb emissions.
KW PROPERTY MANAGEMENT & CONSULTING Hires District Manager to Its Growing Team
KW PROPERTY MANAGEMENT & CONSULTING announced that Jeffrey Cohen has joined its growing New York City regional office as district manager.
Crescent Communities Breaks Ground on Crescent Gateway
Crescent Communities has announced the ground breaking on its latest Orlando, Fla.-area luxury community, Crescent Gateway. The project, which is expected to complete in summer 2015, represents the first phase of the 80-acre Gateway development in the Orlando suburb of Altamonte Spring, Fla.
TODAY’S DEALS: Hamilton Zanze Sells 292-Units in Colorado Springs
ARA brokers a $40.5 million sale in Colorado; HFF arranges construction financing and joint venture equity for a mixed-use office and residential development in Houston; and Walker & Dunlop provides a three-year, cash-out, bridge loan for an assisted living facility.