Luxury
On the Market: 5 Interesting Listings for the Week of 7/16
This week’s listings include a newly constructed luxury community in Boston, a 1920s-era property in Los Angeles and more.
AHV, Bristol Group Begin Construction on TX Single-Family Community
Pradera in San Antonio will offer 250 luxury homes, as well as a swimming pool, a clubhouse and a dog park. Pre-leasing is set to begin during the third quarter of 2018.
Modern Spaces Tapped to Lease Brooklyn Mixed-Use
The transit-oriented BRiQ features 110 units, 22 of which offer 421-a tax incentives as part of New York City’s Inclusionary Housing Program.
LandSouth Begins Construction on $37M Charleston Community
When completed in December 2019, The Merchant will include 231 units and a pet spa, a bike lounge and a gaming area.
Carmel Partners Trades SF Asset
Pacific Urban Residential paid more than $40 million for the 69-unit property, with Berkeley Point Capital providing acquisition financing for the transaction.
Novare, Mulberry Development Kicks Off VA Community
The 302-unit, transit-oriented Cameron Park will be located in the West End of Alexandria, near the Van Dorn Metro Station.
NYC Community Lands $53M Refi
Walker & Dunlop arranged the 12-year, fixed-rate loan on behalf of the developers, Quinlan Development Group and Lonicera Partners, for 153 Remsen in Brooklyn Heights.
TIAA Grabs Newly Built Austin Asset
Casey Development offloaded the 246-unit Tacara Steiner Ranch, which opened in February. Following the sale, Pinnacle assumed management of the luxury property.
JV Pays $58M for Brand-New Iowa Apartments
Kimberly Development’s sale of the luxury 434-unit Autumn Ridge Apartments in suburban Des Moines will be completed in two phases.
NC Community Receives $24M Refi
Signature Property Group secured the loan to refinance 119 South Apartments, a 264-unit Class A property located in Mebane.