Luxury
CIM Sells Manhattan Luxury Tower for $80M
A joint venture purchased the 110-unit Madison Park Tower, a onetime hotel, using a $65 million acquisition loan from affiliates of Square Mile Capital Management.
ZOM Living Breaks Ground on Dallas Luxury Community
Scheduled for completion in 2019, The Kinstead will be a 376-unit community in McKinney, Texas. ZRS Management will be in charge of leasing and management of the upcoming multifamily property.
C&W to Market Luxury Boca Raton Community
Located at 850 Broken Sound Parkway, the community was completed earlier this year and features a mix of five-story elevator mid-rise buildings and two-story garage townhome units.
Hanover Unveils Atlanta Luxury Apartment Community
The Hanover Company is preparing to open the doors of its upscale apartment community, a 20-story building that will also feature 12,500 square feet of ground-floor retail space.
Passco Makes 2nd DC Purchase for $113M
The 360-unit luxury community in Alexandria, Va., is strategically located at the Huntington Metro Station and had a 92 percent occupancy rate at the time of the transaction.
125 Greenwich Hits the Market
Rafael Viñoly and March & White are delivering the design plans for Bizzi & Partners Development’s upcoming 88-story luxury condominium skyscraper in Manhattan.
On the Market: 5 Interesting Listings for the Week of 9/25
This week’s listings include under-development condos in Olive Branch, Miss., and a brand-new, amenity-rich community in the Boston suburb of Allston, Mass.
San Jose Mixed-Use Tower Changes Hands
HFF worked on behalf of the seller, Capri Capital Partners, to market 360 Residences, a high-rise with 213 units and ground-floor retail space.
CA Property Sold for $74M
The 163-unit mixed-use asset in Monrovia marks Sequoia Equities’ second California purchase this month. The company plans to update the community’s offerings by investing $1.4 million in an interior renovation.
Finlay Expands Management Portfolio With FL Community
The firm will manage Jackson Square Apartments in Tallahassee, a property that has recently been purchased by Finlay’s sister multifamily investment company, Lloyd Jones Capital.