Luxury
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.
Opus Completes 217-Unit Luxury Community
Together with AIG Global Real Estate, the company recently completed Citizen Park, a 10-story luxury community situated in the heart of the historic Central West End neighborhood of St. Louis. The firm also landed its first tenant for the retail component.
Wood Partners Begins Pre-Leasing at Boston-Area Community
The Westerly at Forge Park is a luxury residential property in Franklin, Mass., with common area amenities that include an outdoor pool and a dog park.
Optima Tops Out on Scottsdale Luxury Condo Tower
Move-ins for first residents at 7120 Optima Kierland are scheduled for early 2018, while all residences are expected to be completed in August 2018.
IRET Acquires $62M Minneapolis Community
The company acquired a Minneapolis community, located in one of St. Paul’s most vibrant neighborhoods. The property was 45 percent pre-leased as of April.
Pure Snags $48M Phoenix Asset
The 264-unit Pinnacle at Union Hills previously traded in 2014, when TA Associates Realty acquired the Class A asset from JP Morgan Asset Management for $36.3 million.
Work to Begin on Sunny Isles Beach Condo Project
Developer Verzasca Group and the Aurora sales team are moving to a new location in order for demolition to begin on the existing sales center.