Luxury
Electra America Snags Fourth Tampa Community
Starwood Capital sold Northgreen at Carrollwood, a 438-unit luxury asset. Berkadia’s South Florida and Philadelphia teams arranged a $39.8 million Fannie Mae loan.
Luxury FL Community Sells for $118M
Walker & Dunlop closed the investment sale for The Quaye at Palm Beach Gardens. The company worked on behalf of HG Management and PGIM Real Estate to purchase the community in July.
TH Real Estate Picks Up 228-Unit FL Community
The Nuveen affiliate acquired The Atlantic at East Delray in Delray Beach for $54.3 million. An ARA Newmark team represented the seller in this transaction, a joint venture between Pollack Shores and its equity partner.
Michigan Ave. Tower Scores $150M Refi
MILA, an upscale 402-unit property in Chicago’s East Loop, was developed by a joint venture led by John Buck Co. Proceeds will refinance the construction loan.
Phillips Realty Secures $31M Financing for PA Project
The company worked on behalf of Woodfield Investments, the developer of the 320-unit Woodfield at Valley Forge in suburban Philadelphia. The asset will be part of of the Village at Valley Forge, a 122-acre mixed-use lifestyle property.
Leasing Starts at Murray Hill Marquis Luxury Apartments
The former boutique hotel is being converted into 260 modern no-fee studio and one-bedroom apartments, with rents ranging from $2,575 to $3,450 per month.
Cush & Wake Secures $22M NC Community Sale
PRG Real Estate sold the 15 two-story buildings to Dasmen Residential. The community last traded in 2012, when PRG Real Estate purchased it for $13.6 million.
Passco Trades Remaining Interest in KS Property for $48M
The company sold The Village at Lionsgate, a 360-unit community in the Kansas City MSA. Mac Crowther, vice chairman at ARA Newmark’s Kansas City office, represented both parties in this transaction.
Boutique Project Hits SoMa
Developed by Align Real Estate and managed by Alliance Residential Co., 923 Folsom brings 115 residences to the San Francisco neighborhood.
LA Community Wins 1st WELL Multifamily Certification
Operated by Proper Hospitality, the 200-unit Hollywood Proper Residences opened in June as part of Kilroy Realty’s Columbia Square development.