Condo
Upper West Side Condo Project Picked for Boys & Girls Club Show House
The Aldyn, a newly completed 40-story condo property located at 60 Riverside Blvd. on Manhattan’s Upper West Side, has been selected by the Kips Bay Boys & Girls Club as this year’s location for its Decorator Show House.
TODAY'S DEALS: KBS REIT Acquires 255-Unit Asset Outside Baltimore
KBS Legacy Partners Apartment REIT buys a Maryland asset; Strategic Capital Partners acquires a community in Oklahoma City; and NAI Hunneman brokers the $2.7 million sale of a 100 percent-occupied building.
Englewood, N.J., Condo Project Completed
The Pinnacle Cos. has completed work on The M at Englewood South, a condominium project in Bergen County.
Redesign of The Martin in Las Vegas Coming Up Aces
The $3 million redesign of The Martin, a residential tower near the Strip, has helped create a new niche in the Las Vegas luxury high-rise residential market.
North Hollywood Apartments Sell for $74M
UBS Inc. has purchased NoHo-14, a 180-unit apartment complex in the North Hollywood Arts District of Los Angeles’ San Fernando Valley.
Decron Properties Spends $56M on Santa Clara Multifamily
By Gail Kalinoski, Contributing Editor Santa Clarita, Calif.—Continuing its recent focus on the multifamily market, Decron Properties has acquired The Madison at Town Center, a Class A, 264-apartment community in Santa Clarita, Calif., for $56.5 million. Decron, a Los-Angeles based real estate investment company, has now purchased 1,500 units in the past 18 months. The Madison was built in 2004 as a luxury, 341-unit apartment complex. A year later, it was converted to condominiums when Prado Town Center West LLC bought the property. Between 2006 and 2007, Prado sold 77 condo units. The remaining units have been used as rentals….
Primera Terra, a Post-Recession Redesign Success
The design plan for Primera Terra was forced to change with the times, and now that change has gotten a major stamp of approval.
TODAY’S DEALS: Berkadia Lands $27M for San Jose Assets
Berkadia originates $27.2 million for two San Jose assets; A Brooklyn condo hits the 90 percent sold mark; and Hendricks & Partners brokers the sale of a property in California.
Florida Condo Sales, Prices Edge Up in Fourth Quarter
Florida Realtors reports that existing condo sales in the state were up 4 percent in the fourth quarter of 2011, compared with the same period a year earlier.
Florida Master Planned Communities Doing Well Despite Headwinds
Despite the difficult residential market in Florida, the top-selling U.S. master planned community in 2011 is in that state, according to a new study by John Burns Real Estate Consulting, as is the number-nine seller.