Luxury
Luxury AR Community Lands $20M Refinancing
Richardson Properties’ The Pointe at Bentonville includes 170 units, a movie theater room, tanning rooms and a dog park.
Opus Group Begins Construction of Chicago Mixed-Use
The six-story project will comprise 164 units and 7,600 square feet of Class A retail space. Completion of the community is scheduled for spring 2019.
Luxury Hampton Roads Community Selects Management
The development, planned to encompass approximately 500 upscale apartments near Dollar Tree’s future headquarters, will also include 50,000 square feet of retail.
HFF Secures $86M Financing for Manhattan Luxury Community
The company arranged the loan on behalf of Joy Construction, Maddd Equities and the family of the late Lewis Katz for the refinancing of The Lewis, a 186-unit luxury building in the growing Hudson Yards neighborhood.
CBRE Provides $14M for Historic Cincinnati Asset
The company closed the refinancing of The Reserve at 4th and Race, an 88-unit community in the CBD. Mark Tran, senior vice president of CBRE Columbus, originated the loan.
Park and Shore Tops Out in NJ
Upon completion, Strategic Capital’s two-building luxury development will bring a total of 429 units to the Jersey City market, marking the Newport neighborhood’s first waterfront condominium in 10 years.
On the Market: 4 Interesting Listings for the Week of 3/26
This week’s listings include a 100 percent-occupied luxury community in downtown Baltimore, student housing near Philadelphia’s universities and a recently renovated value-add opportunity in Columbus, Ohio.
Highpointe Communities to Open TX Luxury Apartments
The company is planning an 835-unit master-planned community in San Marcos that is scheduled to open in 2019. The development will feature a school, a public park land, five private neighborhood parks, and an amenity center.
Forest City Trades Brooklyn Property for $156M
Principal Global Investors acquired 461 Dean, a 363-unit community—50 units of which are affordable—that opened in late 2016.
Portland Luxury Community Opens Doors
Mill Creek’s Modera Belmont broke ground in May 2016 and features 200 units and more than 10,000 square feet of retail space.