Marriott International has announced that the Rafael Viñoly-Designed Ritz-Carlton will break ground at 1185 Broadway in NoMaD. Permits were filed in 2016 with a proposed total development of 164,400 SF.
Nationally acclaimed real estate development firm Extell Development Company has announced that they have closed on $530 million in financing for Brooklyn Point, the firm’s first development in Brooklyn and currently the tallest residential tower under construction in the borough.
Landsea Homes , an international homebuilding and development company with operations in the United States, Europe and Asia, in partnership with Leyton Properties, a development company specializing in commercial real estate, has announced the closing of a $40 million senior construction loan for their Upper West Side condominium development at 212 West 93rd Street.
Adam America Real Estate and co-developer Slate Property Group are preparing to launch sales at The Brooklyn Grove, located 10 Nevins Street in Downtown Brooklyn. Sales will be overseen by the Aguayo Team with Halstead Property Development Marketing.
Sumaida + Khurana, the firm behind Tadao Ando's 152 Elizabeth, and LENY have closed on a $155 million construction loan for the development of 611 West 56th Street, the highly anticipated luxury condominium designed by Pritzker Prize-winning Portuguese architect Alvaro Siza.
[PROFILEmiami] - Compass is certainly on a roll after locking in $100 million of additional financing via their new funding round, bringing their valuation to $1.8 billion having raised $325 million from investors to date (November 8, 2017). The latest round of funding was provided by Fidelity Investments, IVP and Welling Management.
A joint venture between real estate investment firms Strategic Capital, Forum Absolute Capital Partners and Cape Advisors closed today on a $215 million construction loan for their recently announced West Soho development project at 537 Greenwich Street (October 4, 2017).