Luxury
HFF Secures $47M Loan for OR Luxury Property
Ira Virden, Mark Erland and Matt Benson of the company’s equity placement team worked on behalf of the developer to secure the loan.
GA Luxury Community Receives $13M
Air Realty will improve ThePad on Harvard in College Park, a 109-unit community built in 2016 that is currently 96 percent occupied.
Senior/Multifamily Luxury Community Approved in Dayton
The development will provide 242 senior living and 276 multifamily units. The Grand of Sugarcreek, the retirement component, is scheduled to break ground in the third quarter of 2018.
Progress Capital Lands $26M for Mixed-Use Jersey City Project
The development, which is being built on the site of the former Fairmount Hospital, will feature 99 luxury apartments and 2,240 square feet of ground floor retail.
RADCO, Columbia Ventures Kick Off GA Development
The $30 million Foundry in Augusta will include 221 units and will open in the summer of 2019.
Mills Properties Trades St. Louis Community
Brass Enterprises picked up the 178-unit Class A luxury property, which opened in 2016 and includes a Whole Foods Market on the ground floor.
ERC Cos. Breaks Ground on MO Luxury Apartments
PURE St. Peters Apartments is a 143-unit, pet-friendly community that includes onsite management through 2B Residential.
Stockbridge Snags $120M FL Community
Walker & Dunlop represented HG Management in its disposition of The Quaye at Wellington, one of the highest per-unit sales for a garden-style community in Florida.
Denver Luxury Condo Project Lands $83M
HFF arranged construction financing for Lakehouse on 17th, a waterfront high-rise, on behalf of NAVA Real Estate Development. This project marks the first in Colorado to pursue WELL Building Certification.
On the Market: 5 Interesting Listings for the Week of 5/7
Among this week’s listings are a century-old Manhattan property, a brand-new community near Philadelphia’s Center City, and more.