Luxury
Real Estate Company Proves 2012 a Good Year for Selling Out
ST Residential has recently sold out three communities in Atlanta.
TODAY'S DEALS: Savanna, Pantzer Partner to Close $196M Purchase
Savanna joins Pantzer Partners in the ownership of a large Long Island asset; AREA partners with Harbor Urban on a Seattle apartment initiative; and Beech Street Capital provides $7.8 million for the refinance of an apartment community in New York state.
TODAY'S DEALS: Bascom Completes Largest Hawaiian Transaction Since 2007
The Bascom Group buys a Hawaiian asset for $73.5 million; ARA brokers a $20.5 million sale in Colorado; and Cohen Financial finds a Canadian life company as capital source to fund a $7.1 million loan.
Village Green Restores 1920s Skyscraper and Converts it to Luxury Apartments
Village Green’s newest property, Randolph Tower City, is 35 percent leased already, and the first residents don’t even move in until later in the month.
Philadelphia Luxury Condos Offer Waterfront Views
Many thoughts come to mind when one things of Philly: cheesesteaks, the Liberty Bell and Rocky, to name a few. But luxurious waterfront condos? Not typically.
The Marketing Directors Sells Out Atlanta's Luxe Condominiums
As February came to a close, The Marketing Directors LLC completed a sellout of the 22-story, 107-unit Luxe Condominiums at 222 12th St. in Atlanta.
Penthouse Condos Selling Quickly at 40 Park
Two penthouses have recently been sold at 40 Park, a luxury condominium community managed by Roseland Property Company in Morristown, N.J.
Wood Partners Announces Construction of Luxury Apartments in Houston
Wood Partners recently announced that it would begin construction of a $32.4 million luxury apartment community in Houston.
TODAY'S DEALS: HFF Lands $22.2M for Class A Community in Central Florida
Holliday Fenoglio Fowler lands financing for a 270-unit property in Florida; an Archstone sponsored partnership completes a $63.2 million purchase; and Walker & Dunlop completes a $9.55M refinance loan for a mixed-use property in New Orleans.
Decron Properties Spends $56M on Santa Clara Multifamily
By Gail Kalinoski, Contributing Editor Santa Clarita, Calif.—Continuing its recent focus on the multifamily market, Decron Properties has acquired The Madison at Town Center, a Class A, 264-apartment community in Santa Clarita, Calif., for $56.5 million. Decron, a Los-Angeles based real estate investment company, has now purchased 1,500 units in the past 18 months. The Madison was built in 2004 as a luxury, 341-unit apartment complex. A year later, it was converted to condominiums when Prado Town Center West LLC bought the property. Between 2006 and 2007, Prado sold 77 condo units. The remaining units have been used as rentals….