Luxury
Jersey City Waterfront Luxury Community Debuts
The Hampshire Cos. and Claremont Cos. finished work on RIVET, a 163-unit property in the city’s west end. The asset is part of University Place, a master redevelopment plan encompassing eight luxury buildings.
On the Market: 5 Interesting Listings for the Week of 8/20
This week’s listings include a recently completed community in a booming area of the Las Vegas metro and a Manhattan property that has not been on the market in more than 60 years.
Capitol Seniors Housing Opens Luxury NJ Community
Arbor Terrace is a $25 million assisted living and memory care project in Mountainside, which Meyer Senior Living Studio designed.
Top 10 Multifamily Completions in Orange County
After hitting a cycle peak this year with more than 5,400 units coming online, supply in the area’s multifamily sector is expected to temper. Rental stock should gain some 2,400 units by year-end.
Dalzell Expands in Philly With $19M Luxury Portfolio
The portfolio comprises recently completed or renovated assets, all located within minutes from Center City’s employment opportunities, shopping, dining and entertainment destinations.
NYC Condos Get $45M for Historic Restoration
CIT Group’s Real Estate Finance division arranged the loan for developer Knightsbridge Properties. The Tribeca luxury building includes 13 units.
Luxury Miami Tower Lands $138M Financing
Walker & Dunlop arranged the construction loan on behalf of the developer, Two Roads Development. The 100-unit Elysee broke ground in 2017 and is scheduled for completion by 2020.
MBK Rental Living to Open CA Luxury Property
Located in Paso Robles, Blue Oak will encompass 85 units and 56 townhomes. Rentals are already available, with Alliance Residential handling both leasing and property management services.
KRE Group JV Secures $210M for Jersey City Tower
In a partnership with National Real Estate Advisors, the firm closed on the permanent loan for the first of three residential buildings within its mixed-use Journal Squared development.
Rittenhouse Realty Facilitates Sale of Philly Luxury Property
The new building features several interior and exterior high-end amenities and provides residents with immediate access to the city’s busiest areas.