Luxury
Sterling and Braxton Break Ground on Upscale Apartments in Lincoln, Neb.
Construction is underway on a new, 220-unit luxury apartment development in Lincoln, Neb. Developed by a partnership between The Sterling Group and Braxton Development, Aventine at Wilderness Hills Apartment Homes will feature a dozen buildings.
Ram and Lennar Joint Venture to Develop Luxury Apartments
Ram Realty Partners III, an affiliate of south Florida-based Ram, has announced an equity investment in a joint venture to develop The Crest at Midtown, a new 261-unit luxury mid-rise apartment community on an infill site in the Midtown submarket of Charlotte, N.C.
TODAY’S DEALS: BRE Properties Completes $120.5M Acquisition
BRE buys a 270-unit community in Hollywood; StonebridgeCarras lands $121.6 million in construction financing for a Bethesda development; and HFF secures $52 million in financing for manufactured home community.
BNE Real Estate Group Opens Luxury Apartments in Fort Lee, N.J.
BNE Real Estate Group has finished development on Twenty50, a luxury rental building in Fort Lee, N.J., which overlooks the George Washington Bridge, Hudson River and New York City skyline.
London Student Housing Opens in Former Johnnie Walker Breweries
Assam Place, a mixed-use, luxury student housing project in the former Johnnie Walker breweries in London, has celebrated its official opening.
TODAY’S DEALS: CIM Group Buys D.C. Apartment Portfolio
CIM Group buys 449 units in Washington, D.C.; KW Commercial completes a luxury sale in West Los Angeles; and Dane PCG represents AIMCO in sale of a $6.6 million Section 8 property.
More Than 80 Percent of The Leonard Under Contract
The Leonard luxury condominium is more than 80 percent under contract, less than two months after sales were launched at the Northeast Tribeca property.
Alliance Residential Company’s The Hesby Gets Star Treatment in North Hollywood
The Hesby, a new six-story, $50 million, 308-unit apartment community offering upscale amenities reminiscent of those found at swanky resort hotels, has opened at 5031 Fair Ave. in North Hollywood (NoHo).
The Marquette Companies Develops 220-Unit Apartment Community in Algonquin, Ill.
The Marquette Companies has opened the recently developed Algonquin Square, a 220-unit garden-style community located adjacent to the Algonquin Commons lifestyle shopping center, in Algonquin, Ill.
Fields Development Group’s Upscale ‘Madox’ Leased Up in Jersey City
Madox, the latest upscale rental property from Fields Development Group, is completely leased up. The milestone was reached less than 12 months after the 131-unit luxury apartment property was unveiled.