Luxury
500 Lake Shore Drive Marks Related Midwest’s Chicago Rental Debut
Some of the headiest views in Chicago are now available to renters, with the debut this week of 500 Lake Shore Drive.
JV Breaks Ground on $39.5M N.D. Community, Banks on Oil Boom
In a joint venture, Braxton Development and The Sterling Group have broken ground on a $39.5 million luxury community in Williston, N.D. This area is currently a hot spot for development, thanks to the Bakken Shale Formation’s oil boom.
Jones Lang LaSalle Launches Hong Kong Luxury Serviced Apartments
Jones Lang LaSalle has announced the launch of Hong Kong’s newest luxury residences.
Real Estate Capitals Teams With Vedura Residential to Develop $20M Apartment Community
Real Estate Capital Partners of New York and Vedura Residential of Scottsdale, Ariz., have formed a joint venture to develop Elevation Chandler, a 163-unit luxury apartment community located in Chandler, Ariz.
Camden Property Trust Opens New High-End Community in D.C.
Camden Property Trust has opened Camden South Capitol, a 276-unit high-end apartment community in the Washington, D.C., market.
Apartment Building Trade in Seattle’s Upscale Queen Anne Breaks Record
Recently, the sale of a small apartment building in Seattle’s upscale Queen Anne neighborhood set a new high for properties with fewer than 100 residential units.
Joint Venture to Construct 336-Unit Luxury Houston Community
In a joint venture, Simpson Housing, Novare Group, Batson-Cook Development Company and Peter W. Dienna broke ground on a 336-unit community in Houston.
TODAY’S DEALS: Toll Brothers and AECOM Announce Luxury Jersey City Project
Toll Brothers and AECOM to break ground this spring; Lincoln Property Co. and Phoenix Property Co. land $150 million for a 420-unit development in Los Angeles; and HFF closes a $29 million sale of a development site on Biscayne Bay in Miami.
Behringer Harvard Invests in 220-Unit Community in Texas
Behringer Harvard Multifamily REIT I Inc. announced that it will provide equity capital for the construction of a multifamily community in Austin, Texas.
HFF Arranges $233 Million in Financing for 1,523-unit Breakers Resort
Holliday Fenoglio Fowler has recently announced that it has arranged $230 million in financing for The Breakers Resort in Denver. Working exclusively on behalf of The Bascom Group LLC, the borrower, the HFF team secured a $165 million first mortgage, a floating-rate loan which includes a three-year term with two, one-year extension options provided through Bank of America and CIBC.