Luxury
Silicon Valley Project Scores $41M Construction Loan
Lane Partners and Bay Development plan to break ground on the 75-unit luxury development in the second quarter of 2019.
NYC Condo Development Lands $65M Construction Loan
Working on behalf of the sponsor—a partnership of RJ Capital Holdings and RB Realty Capital—Naftali Credit Partners secured the financing for an upcoming 74-unit luxury community in Queens.
Boca Raton Community Receives $126M in Financing
Developed by Giles Capital Group, Rosemurgy Properties and Schmier Property Group, in partnership with Wheelock Street Capital, the South Florida project encompasses 456 luxury units and more than 150,000 square feet of retail space.
LMC Breaks Ground on Seattle Mixed-Use Project
Ovation is a 548-unit luxury apartment community scheduled for completion in 2021. The development also features 6,000 square feet of ground-level retail.
Nashville Community Gets $39M Refi
PGIM Real Estate Finance originated the new 10-year Freddie Mac loan, which retires CMBS debt of nearly $34 million taken in 2015.
Cushman & Wakefield Brokers Sale of Luxury AZ Asset
Executive Managing Directors David Fogler and Steven Nicoluzakis represented the seller of the 150-unit Class A community in downtown Tempe.
Luxury Community Breaks Ground at Round Rock Premium Outlets
Parkside at Round Rock, a Simon asset, will comprise 433 units anticipated to open in early 2020 just outside of Austin, Texas.
AvalonBay Buys Denver Property for $91M
The newly completed asset includes more than 300 luxury units. The community is located 20 miles from downtown Denver, in the Arapahoe-East submarket.
DRA Advisors JV Purchases Houston Community
The firm partnered with Fogelman to acquire the 660-unit Class A multifamily asset in the Royal Oaks Country Club submarket.
Luxury Community Opens in LA
Strategic Legacy Investment Group’s development is located in the Ladera Heights neighborhood, about 4 miles from Los Angeles International Airport and 13 miles from the city’s downtown.