Luxury
Torchlight Provides $80M Refi for Suburban Chicago Community
The firm recapitalized 500 Station, a 417-unit asset in Aurora, Ill., with senior and mezzanine financing. Aurora is connected by local shuttle to the Route 59 commuter rail station, which offers express service to central Chicago.
Charleston Adds 110-Unit Luxury Community
The Berry Cos. and Big Cypress Capital developed Cainhoy Pointe, a gated apartment project adjacent to the Cainhoy Plantation master-planned community.
Mill Creek Begins Construction on Dallas Luxury Apartments
In a joint venture with Abington Properties, the company secured construction financing with UMB Bank for the six-story, 190-unit upscale community.
Clemson University Gets New Housing
Stonemont Financial Group began construction on the 45-bed mixed-use community in fall 2016, which will be opening in August 2017. The company hired Advantage Property Management to manage the community.
TH Real Estate Scores 2017 EPA ENERGY STAR® Partner of the Year Award
The award marks TH Real Estate’s tenth consecutive year as a Partner of the Year, and its eighth consecutive year at the Sustained Excellence level.
Gables Pointe 14 Shapes Up
Gables Residential began construction of a 370-unit upscale community comprised of two buildings and 16,000 square feet of modern amenities.
TriBridge Residential Lands Fourth Charlotte Property
The Atlanta-based company acquired Morehead West Apartments, a 211-unit North Carolina community, for $31 million. The property includes a 5,600-square-foot commercial space.
Timbers Resorts Lands $50M Financing for SC Residential Project
HFF secured the construction financing from Mosaic Real Estate Credit LLC for Timbers Resorts to develop Timbers Kiawah – Ocean Club & Residences, the first private residence club on Kiawah Island.
Historic Manhattan Apartments to Get New Life
HFZ, along with Robert A.M. Stern Architects, are converting the property, which was designated a New York City landmark in 1966, was added to the National Register of Historic Places in 1980.
Marcus & Millichap Sells $48M Community
A partnership between Millcreek and a global real estate investment manager sold the 134-unit property near downtown Portland. The luxury community, Modera Goose Hollow, is LEED Gold-certified.