Luxury
Colorado Portfolio Sells for $207M
Inland Private Capital Corp. sold the three properties totaling 855 units on behalf of an IRS Section 1031 investment program, bringing liquidity to more than 240 investors.
Bentall Kennedy Buys $110M Denver Community
The company acquired the LEED Gold-certified, 338-unit asset on behalf of its U.S. core fund, as the city’s economic growth drives a robust multifamily market.
Dekel Capital Arranges $41M Loan for MN Community
Central Park West includes a total of 199 units, of which six are affordable, according to Yardi Matrix data. The community is close to downtown Minneapolis.
San Francisco Luxury Tower Changes Ownership
Developed by Crescent Heights in 2016, Jasper is a LEED Silver certified high-rise property close to the city’s Financial District.
LMC Breaks Ground on Luxury Connecticut Community
The subsidiary of Lennar Corp. has started work on The Smyth, a 414-unit multifamily property that will rise 15 stories in central Stamford. The building is scheduled to welcome its first residents in 2021.
Top Multifamily Completions in Austin
Developers delivered more than 7,800 units to the city’s housing stock in the 12 months ending in May, with the bulk designed for the upscale Lifestyle segment, according to Yardi Matrix.
Top Multifamily Completions in Las Vegas
As rent growth remains among the strongest in the nation, developers are warming up to the metro’s suburban areas, expanding rental product in the area.
Trammell Crow Residential Breaks Ground on CA Luxury Development
The $90 million Alexan Downtown Danville will feature 144 units and is the first new apartment property of scale approved for Danville, Calif., in decades.
FirstService Tapped to Manage Dallas Community
The company was selected by Trammell Crow Residential to oversee the 150-unit Carlisle & Vine, a recently built luxury rental property located in the city’s Uptown neighborhood.
Work Starts on $100M Tampa Luxury Project
Index Investment Group has teamed up with local developer Richard Coley to bring a 444-unit apartment community to the Gulf Coast.