Luxury
Developer Introduces Two Purchase Programs For Luxury Units
Rent-to-own programs have become popular among developers, and Pinnacle Companies is taking this idea to the next level by introducing two new purchase programs for The M at Englewood South in New Jersey.
TODAY'S DEALS: UDR/MetLife JV Completes $630M NYC Acquisition
UDR/MetLife complete a $630 joint venture acquisition in New York; Beech Street Capital closes 2011 with $2.2 billion in multifamily financing; and Walker & Dunlop supplies a $24.7 million refi under Fannie Mae Early Rate Lock.
TODAY'S DEALS: MetLife Buys Chicago Tower from LYND
LYND sells a luxury tower to MetLife; IPA closes two sales in Florida; and NorthMarq arranges a construction loan.
Premier Boutique Condo Property on Park Avenue Secures TCO
The upscale Manhattan boutique condominium property known as 949 Park Avenue has just received a Temporary Certificate of Occupancy.
Premier 940-Unit Apartment Portfolio Trades in Houston
The apartment market is bustling in metropolitan Houston, and investors recently came out in droves to lasso a three-property, Class A apartment portfolio marketed by ARA on behalf of a tenant-in-common seller.
Luxury Rental Community to Rise at Key Orlando Gateway
Many claim the most sought multifamily settings of the future will be in or near city centers, close to public transit and within walking distance of local amenities. If so, the Steel House Apartments is nicely positioned to meet renting priorities.
Luxury Rental Set for Historic Site in N.C.
The proximity of Durham, N.C.’s historic Ninth Street District to many of the city’s landmarks makes the area perfect for developers eyeing potential multifamily rental sites.
Today's Deals: Security Properties Acquires Interest in Four Assets
Security Properties purchases an interest in four West Coast communities; Crescent Resources begins a 303-unit luxury development in Durham, N.C.; and Walker & Dunlop supplies a $6M loan under Fannie Mae’s Early Rate Lock.
NYC's Most Expensive Rental Is on the Market
New York doesn’t come cheap. And now Manhattan’s most expensive rental apartment, the Astor Suite at The Plaza Hotel, is on the market for $165,000 per month.
Today's Deals: Pollack Shores Breaks Ground on $40M Community in Orlando
Pollack Shores Real Estate Group breaks ground on a TOD in Orlando; CBRE completes the sale of a 344-unit high-rise in Chicago; and Tikijian sells a stabilized lakefront property in the Indianapolis metro.