Luxury
Newmark Knight Frank Brokers Sale of Luxury Texas Asset
Vice Chairman Patton Jones worked on behalf of seller LIV Development in the disposition of The Ace, a 330-unit property located roughly 25 miles of Austin.
JLL Income Property Trust Grows Portfolio
The company paid $81.8 million for a 280-unit luxury asset located in Bothell, Wash., a Seattle suburb. The acquisition brings the company’s aggregate apartment allocation to more than $820 million.
Nashville Project Lands $32M Construction Loan
Buckingham Cos.’ luxury community, which opened its doors in 2017, is growing by 296 apartments. U.S. Bank provided financing for the second phase.
Luxury Community Changes Hands in Tampa
An affiliate of Nuveen Real Estate has acquired the 366-unit multifamily property located in Hillsborough County. Newmark Knight Frank represented the seller in the disposition.
Jersey City Project Advances College-Anchored Redevelopment
The Hampshire Cos., Claremont Cos. and Circle Squared Alternative Investments started construction on the 199-unit apartment building, which is part of a mixed-use college town redevelopment adjacent to New Jersey City University.
Carlyle Group, Stonehenge Land $235M Recap for NYC Tower
The newly formed joint venture will invest in upgrades to The Ritz Plaza, a 479-unit residential community in Times Square.
Luxury San Diego Community Commands $149M
Berkadia handled the sale of the 374-unit property to Mission Gorge Investors, an entity controlled by R & V Management. The 2018-built asset was sold by Hanover Co.
South Texas Senior Living Campus Changes Hands
The 228-unit continuing care retirement community commanded $20.4 million. Cushman & Wakefield negotiated the deal on behalf of the seller, Senior Quality Lifestyles Corp.
New Jersey Project Scores $45M Construction Loan
Kushner Real Estate Group broke ground on the 200-unit luxury multifamily community in Bayonne last summer and expects to finish in the spring of 2020.
Camden Realty Trust Buys Austin Asset for $120M
The Millennium Rainey is a 326-unit, LEED Gold-certified midrise completed in 2016 in the city’s historic Rainey Street district. NKF represented the seller in the transaction.