Luxury
Southern Land Updates $300M Philly Plan
Slated to be the city’s tallest residential only building, The Laurel will feature 54 condos, and long- and short-term units with separate lobbies and entrances.
Ft. Lauderdale Class A Asset Trades for $53M
Urban Street Development and Fazio Properties recently completed 191-unit luxury community, which is in the city’s urban core. The property was 95 percent leased at the time of the sale.
JV Lands Equity, Construction Financing for Brooklyn Development
Lonicera Partners and Orange Management secured the $42.1 million, which was facilitated through JLL’s capital markets group, for a mixed-use luxury condo building.
HFF Secures Financing for 2 Dallas Assets
Greystar is developing two residential projects in North Dallas, including a 180-unit luxury townhouse property and a 197-unit age-restricted community.
The Midwest—The Hottest Market for Smart Communities
Smart home systems are a perfect differentiator for many developers and managers. With many new smart communities popping up across Midwestern cities, we’ve asked IOTAS CEO & Founder Sce Pike to discuss the attractiveness of smart projects in this region.
Construction Begins on $150M Santa Monica Mixed-Use
Developed by Century West Partners, The Lincoln Collection will comprise 282 units within two contiguous buildings and 25,000 square feet of ground-level retail.
MORGAN Debuts Miami Luxury Tower
The 20-story Midtown 29 comprises 309 units, more than 12,000 square feet of ground-floor retail and an adjacent six-level parking garage.
Banner Refinances 224-Unit NC Property
The 224-unit Lincoln Apartments, located near Raleigh’s city center, was completed in late 2015 and was 92 percent occupied as of January.
Bluerock Sells San Antonio Apartments via 1031 Exchange
A division of the firm purchased the 320-unit Class A community, which is located within The Dominion Country Club, last October.
HFF Secures $115M Financing for VA Development
The company arranged the loan on behalf of Combined Properties Inc. for the development of Scout on the Circle, a 551,000-square-foot mixed-use project in Fairfax, Va.