Luxury
Dougherty Funding Closes $11M Minneapolis Refi
The property is located in the Whittier neighborhood, between uptown and downtown, and is one block from Minneapolis Institute of Art and Minneapolis College of Art and Design.
Hines to Develop 1st San Antonio Community
Designed by Meeks + Partners, the 396-unit community will be built within The RIM, a 1.8 million-square-foot mixed-use development. Construction is set to begin in the first quarter of 2018 with occupancy in spring of 2019.
Meridian Capital Arranges $50M Construction Loan
SAMTD Woodbridge LLC will use the financing for the development of The Grande at Metro Park, a 232-unit apartment community in Iselin, NJ. The buildings will feature an 8,200-square-foot retail space.
Hamilton Zanze Expands San Antonio Portfolio
The company acquired Quarry Townhomes, located in the Alamo Heights submarket. The 150-unit community was purchased from Ares Management with a $19.7 million loan held by Freddie Mac.
Tampa Luxury Condo Tower Breaks Ground
The 24-story Virage is slated for completion by 2019 and prices range between $1 million and $5 million. The sales team has already signed more than $75 million worth of contracts.
M&C Snaps Up $56M Orlando Luxury Community
Completed in 2017 by Wood Partners, the 312-unit Alta at Eastmar Commons encompasses 14 three-story apartment buildings, as well as a two-story clubhouse.
HFF Arranges Class A Community Sale in Houston
GPI Real Estate Management Corp. bought this one- and two-bedroom apartment community located in the heart of Houston’s Energy Corridor. HFF arranged the transaction.
On the Market: 5 Interesting Listings for the Week of 10/23
This week’s listings feature a massive mixed-use condo/commercial project near San Francisco’s Ocean Beach and a value-add opportunity in Downtown Durham, N.C.’s Ninth Street district.
Stiles Tapped to Develop Ft. Lauderdale High-Rise
The 25-story tower will feature 327 units and an array of luxury amenities. This will be the company’s second project with Greystar in the city.
New Phoenix Community Changes Hands for $59M
The sale of Alta Fillmore, a 230-unit apartment community is expected to close in late November. Pure Multi-Family plans to fund the purchase with cash on hand and debt financing.