Marcus & Millichap Real Estate Investment Services sold The New Amsterdam, a 75,375-square foot multifamily and retail asset in Washington, D.C. The sales price of $11,750,000 represents $156 per square foot, or $130,556 per unit.

Palmer Hill Partners is now preparing for a new phase of construction on the Palmer Hill luxury condominium community in Stamford, Conn., which will consist of a second condominium building with 27 homes, and 20 new townhomes.

A revived condo development called Terra Beachside 6000 Collins, which is the only major condo project under way in the city of Miami Beach, according to its developer, has kicked off its sales effort.

Arbor Commercial Funding LLC, a wholly-owned subsidiary of Arbor Commercial Mortgage LLC, recently helped fund a $1,615,000 loan under the Fannie Mae DUS product line for the 43-unit Sunny Knoll Apartments in Seymour, Conn.

Lightstone Securities has named Jesse Axtell vice president and northwest regional manager.

Dees Stribling, Contributing Editor
McLean, Va.–Freddie Mac is formulating a new program to work with mezzanine lenders to expand the GSE’s multifamily mortgage origination program. According to Freddie Mac spokeswoman Patti Boerger, the details of the program aren’t finalized yet, but probably will be next month.
The overall thrust of the program, however, is well defined. “The [...]

Craig Bjornsund, senior vice president and managing director of NorthMarq Capital’s (NorthMarq) New York Metro Regional office arranged first mortgage financing in the amount of $18 million for 2161-2169 Broadway (235-241 W. 76th Street) in Manhattan.

TF Cornerstone has opened 505W37, a rental project in Manhattan’s Hudson Yards.

Christopher Feeley, co-founder of Oculus Capital Group talks to MHN about why he

American Properties Realty said it will conduct “Pot O’ Gold,” weekend home tours