Luxury
Leasing Starts at Post Brothers’ The Duchess
The 320-unit luxury apartment building is slated for completion later this year, and it is the firm’s first New Jersey project. Paris Forino and Vijay Kale Architects oversaw the building’s design.
Passco Acquires $50M Luxury Community
The company is expanding its footprint with a new Class A, luxury community, located near Tampa Bay and major area employers.
Luxury Condos Coming to Perdido Key, FL
Developers Meridian Realty Advisors and Premier Development Group’s community, which is built on a private beach, is scheduled to open in the summer of 2019 and is already 40 percent sold.
Downtown DC Project Lands $170M in Financing
Portals Residential Phase V Building will feature 373 rental apartments, a sky terrace, an infinity pool, state-of-the-art fitness facility, as well as a rooftop walkway around the building.
Post South Lamar Phase II Finalized, Begins Leasing
The 344-unit community, located in Austin’s West End submarket, offers studio, one- and two-bedroom units averaging 734 square feet. The leasing activity has started and the property will open on June 15.
Three Strikes: Multifamily Growth Slows for Third Consecutive Month
May 2017 marked the third consecutive month of rent growth deceleration and the 13th year-over-year slowdown, although development remains controlled.
Soho Properties Launches Sales at 45 Park Place
Construction broke ground on the 50-unit luxury condominium tower in June 2016, and the project is slated for completion in early 2019. Stribling Marketing Associates will lead the sales and marketing efforts for the property.
29SC Acquires Second San Marcos Student Housing
The acquisition of the 488-bed property brings the company’s San Marcos multifamily portfolio to approximately 1,000 beds. The company plans to invest $1 million in capital improvements.
Mixed-Use Project Opens in Downtown Portland
The Greystar-managed Sky 3 comprises 196 units, of which 39 will remain affordable for at least 10 years. The community also offers a 13,000-square-foot retail space.
JPI Lands $132M for Jefferson Stadium Park Phase II
The project is part of a three-phase, master-planned development in Anaheim’s Platinum Triangle. The property will feature 1,079 luxury apartment homes, a 1.1-acre public park, as well as 14,600 square feet of retail.