Luxury
TODAY’S DEALS: 52-Story Condo Breaks Ground in San Fran
Principal, Urban Pacific begin a phase II condo project; Marcus & Millichap sells a 212-unit asset near Houston; and Walker & Dunlop closes on a $5.6 million loan.
Wood Partners Restarts 290-Unit High-Rise in Downtown L.A.
By Alex Girda, Associate Editor
Low construction costs and growing demand in all housing segments are helping multi-family projects in Los Angeles escape from development limbo. Among the latest is a 290-unit Downtown high-rise planned by Wood Partners and stalled since […]
TODAY’S DEALS: HFF Closes Sale of $130M Loan
HFF sells a loan secured by a Charlotte asset; MG Properties buys two California communities; and The Community Development Trust and LINC Housing Corp. form a joint venture to purchase a 60-unit asset in California.
Look to Snaidero for Common Area Kitchens that ‘Wow’
Common area kitchens are becoming an increasingly important amenity, especially for the current generation of renters that seek to sometimes entertain in-house rather than out on the town. Snaidero has a kitchen for every type of building, and can create a product that is as unique as your property.
Ironstate and KRE Team Up to Bring 422 Luxury Rentals to Jersey City
Ironstate Development Company and Kushner Real Estate Group have begun construction on a new multi-faceted project comprising a 422-unit luxury rental building and a new state-of-the-art facility for The Boys & Girls Clubs of Hudson County, in Jersey City.
TODAY’S DEALS: Caruso Begins $32M Mixed-Use Asset in L.A.
Caruso begins a luxury asset in L.A.; Meridian Capital Group negotiates financing for multifamily properties in Manhattan and Brooklyn; and Virtú Investments buys a $12 million community near UC Davis.
Condo-Quality Living Appeals to Renters in Long Island City
Crescent Club, which was purchased by Meadow Partners and Simon Development Group, was originally developed as condominiums and now features 130 rental units.
Sterling Parc at Middletown Proclaims Leasing Success
The first building at Sterling Parc at Middletown is now fully leased.
MHN Property Tour: Sky View Parc
Helen Lee, a director at Onex Real Estate Partners, takes MHN on a tour of Sky View Parc. The unique luxury condo development sits in the heart of downtown Flushing, N.Y., atop 800,000-square-feet of new retail. The amenity package is focused around a four-acre rooftop garden with playground, basketball court, putting green and lighted tennis courts.
TODAY'S DEALS: Harbor Group Buys Three-Property Portfolio for $100M
Harbor Group International acquires a 1,218-unit portfolio in Florida; MIG Real Estate buys a luxury asset in Austin; and Colliers International brokers the $2.7 million sale of a residential lot in a college area.