Luxury
Greystone Provides $36M Loan for TX Community
Built in 2016, Parkside Place last traded in November, when Oden Hughes sold it for $48.5 million. The community was 96.1 percent occupied as of October.
KeyBank Secures $73M Loan for KY Community
The Freddie Mac first mortgage loan features an adjustable rate and a four-year interest-only term. It was used to cover part of the community’s acquisition cost.
Berkadia Arranges $157M Loan for CA Properties
The company worked on behalf of Realty Center Management, which used the Fannie Mae loan to refinance existing debt on four assets.
Greystar Project Blooms on Texas Lakefront
Designed by Meeks + Partners, Elan Flower Mound will comprise 420 rental units, 40 townhomes and 15,000 square feet of retail north of Dallas.
CA Luxury Asset Lands $32M
HFF arranged the 10-year, floating-rate Freddie Mac loan for Chelsea Santa Monica on behalf of Kort & Scott Financial Group.
NYC-Area Development Receives $59M Financing
Cole Schotz P.C. arranged the construction loan on behalf of a joint venture, for the $95 million development of a 249-unit, mixed-use project in Mt. Vernon, N.Y.
Two Roads Breaks Ground on Miami Luxury Condos
Scheduled for completion in 2019, the 57-story Elysee Miami will offer 100 units, and amenities on the seventh and 30th floors.
HFF Secures Loan for DC Community
The 142-unit luxury apartment community is part of City Market @ O, a mixed-use two-block development in the Shaw neighborhood of Washington, D.C.
Sky-High Amenity Debuts at Manhattan Tower
The rooftop club caps The Eugene, the sole residential component of Brookfield Property Partners’ massive Manhattan West project.
5 Multifamily Development Trends Shaping 2018
Dan Doyle, senior vice president of development at The Beach Co., offers his take on the key areas shaping the industry in the coming year, including renter segmentation, community engagement and customer service.