Multifamily
Fairfield Towers
Brooklyn, New York - Marketing of 983 unsold residential condominium units
Savills represented The Lightstone Group in the highly successful sale of 983 unsold residential condominium units at Fairfield Towers, a 19 building residential apartment property located in the East New York section of Brooklyn, New York.
Grove Pointe
Jersey City, New Jersey -Capitalization of Mixed Use Development Project
Savills advised the developer of a $180 million mixed - use high rise residential development project, consisting of 525 condominium and rental units, a 529 car garage and 20,000 square feet of retail space, in developing and implementing a debt and equity capitalization plan for the project that was cost effective and minimized the development risk to the sponsor.
GID Apartment Portfolio
New York, NY - Sale of three Manhattan rental apartment buildings, totaling 379 units
Savills represented GID Investment Advisers LLC, as advisor to a major state pension fund, in the sale of three Manhattan rental apartment buildings, totaling 379 units.
MMA Financial
Phoenix, AZ and San Antonio, TX
Savills represented the seller in $26,335,000 sale of 727 Unit Apartment Portfolio and Related Municipal Bonds.
The Elektra
New York, NY - Sale of luxury Manhattan apartment building
Savills has been retained to represent the owner in the sale of The Elektra, a 32-story luxury rental apartment building located in the Gramercy section of Manhattan.
316 Third Avenue
New York, NY - $275,000,000 forward sale of Manhattan apartment building
Savills advised JD Carlisle and DLJ Real Estate Capital Partners on the $275,000,000 forward sale of 316 Third Avenue, a 21-story, 225,000RSF luxury rental apartment building.
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West Village Houses
New York, NY - Savills arranged $66 million senior and second mortgage financing
In a highly innovative transaction, Savills arranged $66 million senior and second mortgage financing to retire existing bonds and bridge the transition of 420 residential rental units from the Mitchell Lama subsidized housing program to market rate status.
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Tower Management Multifamily Portfolio
New Jersey, New York and Texas - Sale of property portfolios on behalf of Tower Management
Savills represented Tower Management in arranging the sale of its 19 property, 3,510 unit Texas portfolio and arranged financing for its 14 property, 1,891 unit New Jersey and New York portfolios.