Luxury
Brooklyn Luxury Apartments Land $120M Loan
Square Mile Capital Management originated the loan on behalf of developer Lightstone, which completed construction in March 2016. The apartment community comprises 344 market-rate and 86 affordable units.
On the Market: 5 Interesting Listings for the Week of 5/1
This week’s listings include a Katy, Texas, property situated on 13 acres and a modern luxury condo development with full entitlements in Scottsdale, Ariz.
Downtown Manhattan Apartments Land $375M Refi
Hunton & Williams LLP acted on behalf of the owners to secure the mortgage and mezzanine loans through Brookfield Real Estate Financial Partners.
Luxury Condo Makes Its Debut in Manhattan
The recently completed 14-unit residential building at 225 W. 17 St. in Chelsea has been designed by award-winning Roger Partners Architects and Neal Beckstedt Studio.
Portland on the Park Welcomes First Residents in Phoenix
Habitat Metro and Sunbelt Holdings developed the project, which is already 72 percent sold. The property is the second and final phase of the Portland Place mixed-use development.
First Phase of Imperial Valley Luxury Community Completed
Sunrise Management is in charge of marketing, management and leasing of the 240-unit project in El Centro, Calif., designed by TSA Architects.
Melo Group Tops Off Miami Condos
The waterfront development is situated along Biscayne Bay in the Arts and Entertainment District. Of Aria on the Bay’s 648 units, 80 percent are already under contract.
Witkoff’s 150 Charles Street Awarded LEED Gold
Cook + Fox Architects collaborated with Alan Wanzenberg Design to retain the masonry façade of the original structure and add 10 four-story townhouse units, 33,000 square feet of green space and numerous high-end amenities.
South FL Luxury Apartments Sell for $68.2M
The 400-unit luxury community’s previous owner invested more than $3 million in capital improvements, repositioning the community for its sale price of $170,500 per unit.
On the Market: 5 Interesting Listings for the Week of 4/24
Last week’s listings include two recently built student housing properties: an amenity-laden 661-bed property catering to students at the University of Florida and a 173-bed community located four blocks from the University of Wisconsin – Milwaukee.