Luxury
Fifield Companies Sells Chicago Community for $302M, Begins Work on New Luxury Development
In a joint venture, Fifield Companies and Pacific Life Insurance Co. have announced they have sold an 848-unit multifamily community in Chicago to REIT Morguard Corp. for $302 million. This marks the highest amount paid for a Chicago apartment tower since May 2011.
Passco Acquires Luxury Georgia Community for $25.5M
Passco Companies recently acquired The Glen at Alexander, a luxury multifamily community in Augusta, Ga., for $25.5 million. To finance the property, Passco received a $14 million Fannie Mae loan.
Mill Creek Residential Opens Luxury Multifamily in Nassau County
Mill Creek Residential has opened West 130, a transit-oriented luxury rental community in the Long Island town of West Hempstead, N.Y.
Indian Residential Market Made Shinier with Swarovski Partnership
Gateway Towers I is the latest Indian property to try and dazzle luxury seekers. In attempting to do so, the luxurious residential development has associated itself with bedazzling giant Swarovski.
Carroll Organization Acquires 308-Unit Apartment Community in Lawrenceville, Ga.
Carroll Organization, an Atlanta-based multifamily real estate firm, acquired Camden Sweetwater Apartments, a 308-unit luxury community to be rebranded as ARIUM Sweetwater in Lawrenceville, Ga.
TODAY’S DEALS: Manhattan High-Rise Lands $130M Refi
HFF arranges $130 million for a high-rise in New York; AIMCO breaks ground on a $32.6 million renovation in California; and Berkadia identifies the best lending source for a Texas community.
Renaissance Centro Develops 360-Unit Luxury Community
Virginia-based developer Renaissance Centro announced that it has broken ground on Parc Reston, a multifamily community in Reston, Va.
PROFILE: Meet Trump International Realty, The New Residential Brokerage Division
To some fanfare—indeed, on the same day he announced a proposal addressed to President Obama—Donald Trump recently launched Trump International Realty, the residential brokerage division of The Trump Organization.
Cooper Square Realty to Manage New Rochelle, N.Y., Luxury Building
Cooper Square Realty announced that it has been selected to manage The Lofts at New Roc, located in New Rochelle, N.Y.
Home Properties Breaks Ground on Pennsylvania Luxury Community
Home Properties Inc., a publically traded REIT with properties in the Northeast and Mid-Atlantic markets, announced that ground has been broken on The Courts at Spring Mill Station in Whitemarsh Township, Conshohocken, Pa.