Residential News

Closings and Move-Ins Commence at RJ Capital’s Blvd in Forest Hills, Queens

Brokerage MNS announced that closings have officially commenced at its client’s development, Blvd, a luxury condominium located at 107-02 Queens Boulevard in Forest Hills, Queens.

Developed by RJ Capital Holdings, with architecture by Jarmel Kizel Architects and Engineers Inc., Blvd features raven-bricked siding integrated with a calming sand front as well as long-lined double-paned Schuco windows surrounding the building allowing 360-degree views and natural light.

Notable finishes include kitchens with marble waterfall islands, custom cabinetry by Linea décor and Bosch appliances. Bathrooms are embellished with Carrara marble tiled walls and Italian porcelain floors, double-sink vanities that frame the space and Kohler appliances.

Amenities include onsite parking, a state-ofthe-art virtual doorman, a lounge equipped with a full kitchen and landscaped courtyard.

Boomerang Development Group Unveils The Matteo

New York-based development firm, Boomerang Development Group, unveiled The Matteo, a 15-story luxury condominium building rising at 323 East 79th St. Featuring architecture and interior design by award-winning studio Woods Bagot New York, it will bring 14 new residences to Yorkville. Spanning three to four bedrooms, each home occupies a full floor and features private outdoor space. The Masters Division team at global brokerage Nest Seekers International is leading exclusive sales and marketing efforts for the property.

The Matteo marks Boomerang’s strategic expansion into Manhattan. The residences, accessed directly via private elevators, are encased by abundant light and picturesque views in every direction. Pricing begins at $3.75 million.

Christie's Report: Luxury Remains Strong into 2023

The strong luxury real estate market of the past two years will continue for the remainder of 2022 and into 2023 despite high inflation, rising interest rates and stock indexes that have posted double-digit losses, said the 2022 Mid-Year Luxury Trends Report released by Christie’s International Real Estate.

The report includes interviews and insights from 20 independent Christie's International Real Estate affiliates across Mainland North America, the Caribbean, Europe, the Middle East and Southeast Asia, as well as Christie’s International Real Estate co-CEOs, Thad Wong and Mike Golden. It identifies three major trends driving luxury for-sale housing markets around the globe: luxury real estate’s favored status as a hard asset, providing a hedge against inflation for primary and second-home buyers and investors; the anticipated strength of blue-chip luxury markets, as high-net-worth buyers look beyond down-cycle and the quest for relative value in luxury housing after two years of appreciation.

Photo courtesy of MNS

Photo courtesy of Nest

Cornerstone Building Brands Partners with HGTV’s Dave and Jenny Marrs

Cornerstone Building Brands Inc., the largest manufacturer of exterior building products in North America, has partnered with HGTV personalities Dave and Jenny Marrs to promote its Ply Gem Mastic siding and accessories. The partnership is the first of its kind for Ply Gem Mastic, part of the Cornerstone Building Brands family.

The married duo are co-hosts of the popular HGTV shows “Fixer to Fabulous” and “Fixer to Fabulous: The Welcome Inn,” and will host the upcoming season of “Home Town Takeover.” The couple also competed in Season 3 of ”Rock the Block.”

Dave Marrs is an expert craftsman, builder and general contractor. His work includes custom new construction, extensive remodeling projects and whole-home remodeling and renovating spaces. Jenny Marrs is the creative backbone of the couple’s renovations and specializes in designing spaces that are welcoming and inviting.

Dave and Jenny Marrs Photo via Business Wire

Partner Valuation Advisors Launched, CRE Industry Leaders Brandon Nunnink and Eric Enloe Spearhead Tech-Forward Firm

Partner Engineering and Science Inc. (Partner) has formed a technology-forward real estate valuation firm called Partner Valuation Advisors that will be led by Brandon Nunnink, CFA, and Eric Enloe, MAI, CRE, FRICS. Nunnink and Enloe will serve as co-founders and senior managing directors in the national practice.

The pair are based in Chicago and bring more than 40 years of combined valuation and advisory experience including valuing more than $2 trillion of assets. Partner Valuation Advisors will serve the needs of investors, lenders and real estate occupiers.

Partner plans to introduce valuation advisory leaders into the mix earlier in the process so it can leverage its decades of industry experience to produce actionable plans. Enloe will lead Partner Valuation Advisors after being a founder of JLL’s Valuation & Advisory team nationally and the head of commercial valuation. Nunnink will lead Partner Valuation Advisors after serving as COO of JLL Valuation & Advisory Services in the Americas. Based in Chicago, he built a valuation and advisory team that started with a Midwest and South-Central presence and grew to be a national platform.

Sentral Partners with Former OliverMcMillan Team to Develop Multifamily Properties

Sentral and OliverBuchananGroup (OBG), a mixed-use development company helmed by former OliverMcMillan executives, are partnering to develop urban multifamily communities and mixed-use projects in highgrowth U.S. markets. Sentral will serve as the exclusive property management company for residential properties. The partnership will target projects in Denver, Colorado; San Diego, California; Phoenix, Arizona; Dallas and Austin, Texas and Nashville, Tennessee.

The partnership’s first development will center on Denver's River North District (RiNo), to include more than 300 units of residential living, as well as retail, office and event space. Construction is currently set to begin in 2023.

Led by Chairman Morgan Dene Oliver and

Chief Executive Officer Eric Buchanan, OBG grew from its OliverMcMillan, a development firm whose assets were acquired by Brookfield Properties in 2018. In its 42-year history, OliverMcMillan designed and developed more than eight million square feet of mixed-use projects.

Photo via PRNewswire