Luxury
Johnston Properties Adds New Development in Phoenix
The owner of Agritopia and Barnone, two developments in Gilbert, Ariz., entered a joint venture with IPA/Liv Communities to develop its third community in the area. The project is slated to break ground this fall.
PRP Sells Class A Property for $44M in Atlanta
Perseus Realty Partners completed the disposition of Ansley at Princeton Lakes, selling it for $43,5 million. The property is ten minutes away from Hartsfield-Jackson International Airport.
Atlanta-Area Community Trades in $47M Deal
The Reserve at Johns Creek Walk centers on a divided median boulevard, designed to evoke an old downtown with 20th century-style architecture.
On the Market: 5 Interesting Listings for the Week of 9/4
This week’s listings feature two amenity-rich properties: a country-urban designed community in Kansas boasting perks such as a wine bar and hot tub, and a Canoga Park, Calif., property with a spa, courtyards and expansive grounds.
Miller-Valentine Unveils Beckett Farms in SC
The 280-unit luxury property in Fort Mill features a farmhouse aesthetic and offers amenities including a salt-water mineral pool, fire pit with grilling stations and private cabanas.
Civitas, Guttman to Develop Ohio Senior Housing
The Grand of Sugarcreek in Dayton will offer 220 independent-living, assisted-living and memory-care units. Construction is slated to start in the first quarter of 2018.
Manhattan Sale Prices Drop: CityRealty Report
The study found that the average cost in the New York City borough continues to drop, but downtown is still thriving when it comes to condo, co-op and new development purchases.
JV Secures $155M for Miami Condos
Terra, New Valley, Great Eagle Holdings and Bizzi & Partners secured the construction financing for Eighty Seven Park, a 66-unit tower featuring luxury amenities such as a butler service, juice bar and full-time botanist.
Western National Begins Construction of Luxury CA Development
The company has started building its 11th property in Brea. Calligraphy, a 206-unit community, is expected to be completed in early 2019.
August Continues Rent-Gain Streak
The economy is doing well and multifamily demand has been consistent, so supply has been one of the trouble spots. However, rents have still increased every month during 2017.