Luxury
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….
Name Change a Success for Luxury Apartments
Real estate firm Alliance Residential has rebranded its luxury building Alta Hollywood as rubix hollywood to invoke the feel of a high-energy, urban lifestyle.
Orange County Condo Property Successfully Reinvented as Upscale Apartments
Renters in Irvine, Calif., are clearly keen on upscale accommodations, as evidenced by the latest news at a luxury multifamily property built by Lennar and Intergulf Development Group in 2010.
Manhattan Successfully Lures Renters to Luxury Buildings
The Continental, a new luxury building in New York, is already fully leased.
On Track: Construction of Charlotte Transit-Oriented Development
Construction is now underway on the Fountains at New Bern Station, a 208-unit luxury rental community in Charlotte, N.C.’s historic South End.
Village Green 'City' Brand Coming to Downtown Ann Arbor
The first market rent luxury apartment building to come to downtown Ann Arbor in the past quarter century will be built by Village Green.
A New Take on Affordable Housing
The term “luxury” isn’t the first word you think of when you hear “affordable housing,” but NMS Properties is looking to change this with their Luxe @ Broadway apartments.
TODAY'S DEALS: The Habitat Co. Breaks Ground on 450-Unit Chicago High-Rise
The Habitat Company begins a 450-unit development in Chicago; Centerline Capital refinances a Pittsburgh asset; and Meridian negotiates financing in Manhattan, Brooklyn, Queens and Westchester County, N.Y.
9 Things Renters in Their 50s and 60s Want in an Apartment
Because of the mortgage crisis, or empty nest syndrome, many people in their 50s and 60s are renting. Here are nine things these renters are looking for in an apartment.