Luxury
BBX Capital Completes 2 Buildings at Orlando Community
Upon final completion, The Addison on Millenia will consist of 10 buildings offering a total of 292 units. The community is part of The Gardens on Millenia mixed-use development.
The Edge on Euclid Begins Leasing
The 262,000-square-foot luxury student housing community offers one- to four-bedroom units. The community is in close proximity to Cleveland State University Campus.
Lightstone Launching Amenity-Loaded Queens Community
Located in Long Island City, ARC will feature 428 units and more than 50,000 square feet of indoor and outdoor amenities, including a salt-water pool, private and collaborative workspaces and a lifestyle director.
DDG Breaks Ground on Luxury FL Condos
The 30-unit property in Palm Beach began unit sales earlier this year, starting at $1.9 million. Completion of the development is scheduled for late 2018.
Lowe JV Buys 304-Unit B’more Community
The high-end Jefferson Square at Washington Hill includes 20,000 square feet of street-level retail and was completed in 2015. The seller will continue to manage the property.
Phoenix Community Commands $42M
Brass Enterprises made its first foray into the metro’s multifamily market with the acquisition of 1221 Broadway, a 194-unit garden-style property in Tempe, Ariz.
Houlihan Lawrence Adds to C-Suite
The 130-year-old company has announced the promotion of Anne Marie Gianutsos to CMO and the appointment of Nicholas Fears as CFO of the company’s corporate management team, headquartered in Rye, N.Y.
ARA Newmark Closes $60M Sale of Denver Asset
The 200-unit mixed-use community is located near the city’s central business district and was completed in 2015. The property includes 4,220 square feet of ground-floor retail space.
Aimco Buys Out Palazzo JV Partners for $452M
The company sourced funds for the acquisition by taking title subject to existing allocable debt and using cash proceeds from the pending sales of some of its assets in the Northeast.
On the Market: 5 Interesting Listings for the Week of 7/03/17
This week’s listings include a recently renovated community in San Antonio and a rustic condo asset located right off the slopes in Steamboat Springs, Colo.