Luxury
Upscale Tampa Community Scores $48M Loan
The recently completed 381-unit Peridot Palms is located in St. Petersburg and previously benefited from a $42.7 million loan originated by Branch Banking and Trust Co.
MORGAN Enters Phoenix Market with Luxury Asset
The 474-unit Pearl Biltmore will feature studios and one-, two- and three-bedroom floorplans, as well as several loft-style units. Construction is set to begin in 2018, with completion scheduled for 2019.
Century West Partners Completes NEXT on Sixth in LA
Century West Partners is a joint venture of Fifield Cos. and Cypress Equity. NEXT on Sixth marks the second recently completed development of the joint venture in Koreatown.
LMC Opens 344-Unit Music City Community
The Morris is a luxury mixed-use project that includes 6,373 square feet of street-level retail and restaurant space. The property was built on the site of a country music icon’s former office.
Palace Group Unveils FL Luxury Senior Housing
The Palace at Weston Senior Living will feature 300 studios and one- and two-bedroom independent living, assisted-living and memory-care apartments. The project is scheduled to break ground in 2018 and be completed in 2019.
Greystone Refinances 131-Unit WA Community
The Henry, a Class A community situated near the Museum of Glass, offers 161 units and 10,500 square feet of office and retail space.
REVA Development Opens Luxury IL Community
Located near suburban Chicago’s Deer Park Town Center, the property features a combination of mid-rise flats and rental townhomes, totaling 236 units.
Passco Nabs 5th Property in KC Metro Area
Greenwood Reserve, a 228-unit luxury community in Olathe, Kan., traded for $38.3 million. Jeff Stingley of CBRE represented both the buyer and the seller, an affiliated entity of Cityscape Residential. Chris Black and Caleb Marten of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing through Fannie Mae.
Transwestern Debuts The Hayworth in Houston
The new 246-unit luxury community in Houston’s upscale Tanglewood neighborhood offers large floorplans and a variety of amenities.
Greystar Unveils Elan River District in Fort Worth
The 325-unit luxury community is located along the Trinity River on the west side of Fort Worth. The units include high-end finishes and resort-like amenities.