Condo
Quay Tower: Behind Brooklyn’s First Smart Condo Building
RAL CEO Robert Levine and Douglas Elliman’s Molly Townsend unveil details about the upcoming high-rise—a testament to their companies’ smart-living philosophy. Their strategic partnership with Amazon will offer total smart home automation to all residents.
On the Market: 5 Interesting Listings for the Week of 10/29
This week’s listings include a two-property portfolio in McAllen, Texas, a turnkey investment opportunity in Rhode Island, and more.
The Connor Group Buys Atlanta Community for $39M
CF Real Estate Services was represented by CBRE in the sale of Ardmore & 28th, a 165-unit property in the Buckhead submarket.
J Street Begins Work on 9-Unit DC Condo Project
John Marshall Bank provided construction financing for The Pacifica, a luxury community to be built at the confluence of Dupont Circle and West End neighborhoods.
JV Lands $36M Loan for NYC Condo Tower
The partnership plans to build a luxury condo building on the Upper West Side that will also include ground floor retail space.
JV Begins Phase 2 of $1B Hudson Valley Development
SunCal and Diversified Realty Advisors’ Edge-on-Hudson in Sleepy Hollow will comprise 1,177 multifamily units, a 140-key boutique hotel and 165,000 square feet of commercial space.
Penzance Targets Metro Washington with $255M Fund
For its first private-equity fund, the investor-developer anticipates parlaying capital into a portfolio valued at $800 million to $1 billion
Boston Waterfront High-Rise Receives Financing
HFF has facilitated $341 million in construction financing and joint venture equity for Cronin Development’s luxury condominium tower, which is underway in the Seaport District.
Boston Luxury Property Gets $294M
Cronin Development is moving forward with construction of the 22-story, 144-condo project, The St. Regis Residences, Boston, and expects it to be completed by 2020.
JV Launches Sales at NYC Condo
Tamarkin Co. and CL Investment Group’s 13-unit building on the Upper West Side was previously a private school.