Luxury
Fort Lauderdale Luxury Tower Lands $140M Refi
SunTrust Banks Inc. originated the Freddie Mac loan. Built in 2017 by Related Group, Rabina Properties and Perella Weinberg Partners, Icon Las Olas provides 272 apartment units.
Passco Cos. Expands FL Portfolio With $64M Buy
The company purchased a 300-unit luxury community in the Crestview-Fort Walton Beach-Destin MSA, their second multifamily asset acquisition in the area in recent months.
Lantower Residential Pays $75M for Orlando Luxury Community
Wood Partners sold the 314-unit Alta Grande property to Lantower Residential of Dallas in a deal negotiated by Cushman & Wakefield’s Florida Multifamily Team.
FCP Buys Philly High-Rise for $118M
The 286-unit community is FCP’s fourth acquisition of a Class A property in Philadelphia’s Center City. Also included is a potential development site.
Ultra-Luxury Condo Tower Underway in Philadelphia
Dranoff Properties’ $253 million, 47-story residential high-rise at the corner of Broad and Spruce streets will feature more than 36,000 square feet of amenities.
Jacksonville Property Commands Record Per-Unit Price
RST Development purchased the luxury community for $63.4 million, or $211,333 per unit, the highest price per unit ever paid for a Northeast Florida suburban asset. CBRE represented the seller.
Chicago-Area Assisted Living Community Gets New Building
The 156-unit luxury facility, located right across from Chicago Botanic Garden, opened its doors in 2014. A former memory care wing will be converted into assisted living units.
Inland Trades KY Apartments for $46M
Berkadia provided the buyer of the 270-unit Class A community with more than $33 million in acquisition financing through Freddie Mac.
Carroll Org. Pays $39M for Charlotte Community
CBRE provided the buyer of the 268-unit luxury multifamily asset with more than $27 million in acquisition financing through Freddie Mac.
Lonicera Partners Lands $70M for Brooklyn Luxury Development
The acquisition and construction financing from Santander Bank and City National Bank was arranged by JLL Capital Markets for the project at 308 Livingston St.