Luxury
City Tower Brings Luxury to Downtown Brooklyn
Multi-Housing News recently took a trip to downtown Brooklyn for a tour of The Brodsky Organization’s City Tower. Read on for an inside look at the luxury community.
What’s Changing With Family Capital Investment
Family investment firms are making their mark in the multifamily industry. Post Brothers’ Matthew Pestronk weighs in on this trend and the challenges in the industry for companies managing family capital.
Raintree Lands $218M Refi for CA Community
Capital One arranged the refinancing for Encasa Apartments, a 465-unit community in Sunnyvale, Calif. The property will receive 10-year, Fannie Mae fixed-rate loans that have 10 years of interest-only payments.
Related Midwest Unveils Chicago Luxury Tower
Landmark West Loop, located in the West Loop neighborhood, is a 31-story, 300-unit community designed by architect Morris Adjmi.
JPI Closes Financing for Upscale TX Community
Located in the Las Colinas neighborhood of Irving, Texas, Jefferson Promenade will include 387 units. The property will be located close to the 1,000-acre Cypress Waters master-planned development.
Phoenix Condo Project Site Trades for $1.6M
ABI Multifamily facilitated the land sale, which includes the planned development of a three-story, 16-unit luxury community called Aeries Townhomes.
Tallest MD Residential Tower Tops Out
The 44-story luxury high-rise overlooking Inner Harbor broke ground in March 2016 and is slated to welcome its first residents by spring 2018.
Eastside Station Changes Hands in Off-Market Deal
Atlanta-based Pollack Shores bought a new 330-unit community in East Austin. The partially affordable development is conveniently located within walking distance of the medical district as well as Google and Facebook’s new downtown offices.
Aussie Developer Caydon Breaks Ground on First US Project
The community, 2850 Fannin Street in Houston, will be 27 stories tall and include 357 units. Amenities will include a pool with swim-up bar, yoga studio, dog park and sky lounge.
Lightstone Completes Long Island City Development
The 428-unit ARC features luxury amenities such as a salt-water pool, bocce courts and a greenhouse.