Luxury
L.A.’s 8500 Burton Way Captures Prestigious Award
The Los Angeles Business Journal has honored Bernards and Caruso Affiliated with its 2013 Commercial Real Estate Gold Award in the Mixed-Use category.
Fairfield Residential Acquires Garden Apartment Community In Southern Palm Beach County
Fairfield Residential, a San Diego-based apartment management company, has purchased Spring Harbor at the Landings, a 488-unit luxury garden apartment community located in Delray Beach, Fla., for $69.12 million from Dallas-based Invesco Real Estate.
TODAY’S DEALS: Cassidy Turley Arranges $129M in Construction Equity, Debt Financing for Insight Property Group
Cassidy Turley arranges $129 million in construction equity and debt financing on behalf of two Insight Property Group developments; Colonial Properties Trust buys a 280-unit community; and The RADCO Cos. acquires a Chicago-area property for $27.9 million.
Award-Winning N.J. Community 90 Percent Occupied
140 Mayhill, a 158-unit luxury multifamily property in Saddle Brook, N.J., which opened in 2009, is currently more than 90 percent occupied, according to developer and owner Value Companies Inc.
The Klein Company Opens Eco-friendly Apartments in Cherry Hill, N.J.
The Klein Company is opening the Dwell Luxury Apartments, 233 contemporary apartments in Cherry Hill, N.J., outfitted with top-of-the-line finishes and eco-friendly features.
Riverfront Residential’s Luxury N.J. Community 65 Percent Occupied
Riverwalk, a new 158-unit mixed-used community in Elmwood Park, N.J., is already 65 percent leased, according to Riverfront Residential, the community’s developer. This is the first luxury multifamily community in Elmwood Park.
One Museum Mile Attracting Local and International Buyers
More than half the homes at the new Fifth Ave. residential condominium One Museum Mile have closed or are in contract.
New Dog Concierge Service at Gateway is Spot On
Gateway, a 1,712-unit luxury rental community in Battery Park City, has inked an agreement with dog services provider The Spot Experience, which will offer its acclaimed breed of dog concierge services to the apartment community’s canine-owning residents.
TODAY’S DEALS: AEW Buys 128-Unit Hoboken Asset for $67M
AEW Capital Management completes a Hoboken buy; Bloomfield Capital closes a $3.3 million bridge loan for a Houston property; and Arbor Commercial Mortgage funds $9.6 million in FHA financing for a portfolio of properties in Puerto Rico.
Pollack Shores Acquires Luxury Community for $28.2M
Pollack Shores Real Estate Group has recently acquired a 252-unit multifamily community in Melbourne, Fla., for $28.2 million. The community, called Polo Glen Apartments, is currently 94 percent occupied.