Luxury
Journal Squared’s Tallest Building Underway in Jersey City
Construction is in progress at Kushner Real Estate Group’s 71-story, 704-unit tower that’s part of the three-building Journal Squared project in New Jersey.
Luxury Tower Completed in Manhattan
Torkian Group’s 223-unit residential building near the Empire State Building features a complex cantilevered design. The project’s location near rail tunnels and Penn Station posed logistical challenges for Cauldwell Wingate, the project’s construction manager.
IPA Brokers Knoxville Senior Living Community Sale
The Marcus & Millichap division worked on behalf of the seller in its disposition of Northshore Heights, a 69-unit assisted living and memory care facility.
Praedium Group Expands Jacksonville Footprint
The firm has almost doubled its profile in the city with the nearly $47 million acquisition of the 246-unit luxury community.
Essex Realty Sells Chicago Community
Partners Jim Darrow and Jordan Gottlieb represented the seller, JAB Real Estate, in the $24.5 million 1031 exchange transaction.
Wood Partners Opens Fort Lauderdale Community
The developer broke ground on the 310-unit luxury asset in late 2016, financing the project with a $58 million construction loan from BMO Harris Bank.
Harbor Group-Led JV Buys NY High-Rise for $260M
HFF marketed the 40-story luxury tower in Westchester County exclusively on behalf of the seller, Boston-based DSF Group.
Nashville-Area Community Opens Doors
The 328-unit Mosby Cool Springs has opened in Franklin, Tenn. Developer Middleburg Real Estate Partners secured $40 million in financing last year.
LA Community Gets $41M Loan
Panoptic Development’s 154-unit community is located in the Canoga Park section of the San Fernando Valley. NorthMarq Capital arranged the construction financing for the property.
What Stands Out in Chicago’s Luxury Multifamily Market?
As the city’s high-end housing stock becomes increasingly diversified, developers are more committed to serving residents’ needs. Optima President Tara Hovey shares the story behind one of the company’s successful projects.