Luxury
Chicago’s West Loop to Gain 2-Tower Community
A joint venture of Lendlease, The John Buck Co. and Intercontinental Real Estate Corp. broke ground on a 586-unit community on the former site of skin care manufacturer H2O Plus.
$125M Loan Awarded to NYC Luxury Building
Germany-based commercial bank Helaba provided the loan package to Stellar Management in a transaction brokered by Cushman & Wakefield.
Security Properties JV Sells Seattle Community for $150M
A private investor—with financing from New York Life Insurance Co.—acquired the 309-unit luxury multifamily asset, which welcomed its first residents in 2017.
Olympus Property Buys Houston-Area Luxury Asset
The 260-unit garden-style community is located in Katy, Texas, a booming suburb west of the city.
Lantower Acquires Charlotte Community
Rebranded as Lantower Waverly, the 375-unit community in Ballantyne features amenities such as a saltwater pool, game tables and a clubroom.
JV Breaks Ground on Minneapolis Community
The 200-unit LakeHaus project is being converted from a 1950s office building into a luxury community near Lake Calhoun.
Trez Forman Provides $49M Loan for South Florida Project
The 15-story, 247-unit luxury multifamily property in Hollywood, Fla., is moving forward under new ownership after it was stalled for several years.
Orlando Luxury Asset Commands $65M
Redwood Capital Group acquired the recently opened 289-unit property from LeCesse Development, assuming the remaining balance of the developer’s construction loan.
Nashville Community Sells for $80M
Crescent Communities sold the newly built 275-unit multifamily asset to Dinerstein Cos., with the property’s 2.1 acres of land selling to iStar.
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.