Luxury
Incident Inside a Resident’s Unit? Here’s the Landlord’s Obligation
When residents seek damages for injuries occurring in their own apartments, property owners can save time and money by knowing the extent of their duty to enter the unit to inspect a condition or make a repair, according to attorney Amanda Podlucky.
Eye Candy Meets Practicality
Since its earliest days, the Kitchen & Bath Show has been drawing multifamily specialists who know how to connect the dots between residential housing trends and the apartment market. Here are some of the highlights, including a mix of practical and sexy products in a range of applications.
Oden Hughes Breaks Ground on Luxury Community in Austin
The community, slated for completion in early 2019, will feature an on-site Community Work Studio, similar to the shared workspaces for lease throughout Austin.
HFF Secures $165M Refi for 2 San Diego Communities
The assets are part of Sunroad Enterprises’ 40-acre, master-planned community, which will include 1,622 multifamily units and 856,000 square feet of commercial space upon completion.
Camden Snags St. Petersburg Community
The company acquired the newly constructed property for approximately $127 million. Previously known as Aer Luxury Apartments, the asset will be rebranded as Camden Pier District.
LMC’s San Diego Community Poised to Open
The 368-unit Shift includes 19,000 square feet of ground-floor retail and features amenities such as co-working space, an art-walk courtyard and EV charging stations.
Manhattan Conversion Project Lands $130M
Eastern Consolidated arranged the construction loan on behalf of Delshah Capital for its adaptive reuse project, which will transform a medical facility into a luxury community in Morningside Heights.
HFF Arranges NJ Sale
Friedkin Realty Group purchased The Highlands at Cherry Hill Apartments. The 170-unit luxury multifamily property is 16 years old and 97 percent leased.
Berkadia Facilitates $52M Loan for VA Luxury Project
The upcoming 450-unit luxury community will be situated in Fredericksburg, Va., along Jefferson Davis Highway. The Breeden Co. estimates a total investment of $85.5 million.
$125M Luxury Tower Coming to Ft. Lauderdale
Developed by a partnership between Silverback Development and Bizzi & Partners, New River Central will feature 401 apartments. The joint venture expects to break ground in late 2018.