Luxury
Denver Luxury Asset Trades for $142M
Completed in 2015, the 12-story community is situated across the street from Cherry Creek Shopping Mall. BMC Investments sold the asset for roughly $650,000 per unit.
Loukas Kicks Off Construction at Chicago Luxury Tower
The 148-unit building will be located in the Greektown neighborhood of Chicago’s West Loop. Additionally, the property will offer 7,500 square feet of retail space.
Developer Secures $17M Tranche for Waterfront Miami Tower
Vertical construction of the 57-floor condo building is set to begin in the first quarter of 2018, with completion estimated for 2019.
Berkshire Group Expands its LA Portfolio
The company has purchased its third asset in Los Angeles. The property located in the Koreatown neighborhood has been renamed as Berkshire K2LA.
On the Market: 5 Interesting Listings for the Week of 10/02
This week’s listings include an historic French Quarter property built in the 1830s and a brand-new, 191-unit asset in Fort Lauderdale, Fla.
BRT Buys Dallas $39M TX Community
The company purchased Gateway Oaks in Forney, Texas. The 313-unit community offers one-, two- and three-bedroom units ranging from 564 to 1,410 square feet.
Top 10 Largest Chicago Submarkets by Sales Volume
In the first three quarters of 2017, several Chicago submarkets exceeded $100 million in multifamily transactions. Core city areas remain at the top of the list, tallying more than half a billion dollars in sales during the same time period.
JV Lands $215M for NYC Condos
Cape Advisors, Strategic Real Estate and Forum Absolute Capital Partners scored financing from Eastern Consolidated’s Capital Advisory Division for the development in Manhattan’s Special Hudson Square Zoning District.
HFF Provides $17M Loan for SF Community
Local Capital Group received the loan for the development of 901 Tennessee, a class A asset in San Francisco’s Dogpatch neighborhood.
Origin Buys Upscale Community in Atlanta
The apartment community is located in Atlanta’s busy Poncey-Highland neighborhood and features 20,000 square feet of ground-floor retail. The company plans to add more units and an office, on the adjacent land parcel.