Business Specialties
Brooklyn Mixed-Use Tower Breaks Ground
A joint venture between Greenland Forest City Partners and The Brodsky Organization is developing 18 Sixth Avenue, an 859-unit mixed-income property within the Pacific Park community. Construction is slated to be complete in 2022.
NYC Chalks Up $15M Affordable Housing Preservation Deal
Stakeholders from the government, non-profit and private sectors worked together to buy three apartment buildings in Queens, which will be kept rent-stabilized under the Neighborhood Pillars Program.
Transactions: May 2019
A selection of noteworthy deals announced between March 29 and April 19.
In Search of Affordability Solutions
As the challenges intensify, our industry needs to spotlight what’s working and provide alternatives to what’s not, NMHC’s president contends.
Greystar, Banyan Street Advance on $125M Atlanta Project
The partners have closed on construction financing and scored air rights for Ascent Peachtree, a downtown 345-unit multifamily development that is slated to break ground next month.
ACI Facilitates Sale of Sacramento Property
Senior Associate Doug Taber brokered the $4 million sale on behalf of the seller. The buyer was self-represented in the deal.
Welltower Acquires San Antonio Senior Living Portfolio
The two luxury properties, totaling 335 units and offering independent living, assisted living and memory care services, have been rebranded together as Discovery Village at Dominion.
Wood Partners Opens NC Luxury Property
The developer broke ground on the nearly 300-unit project in 2017, financing construction through a $34 million loan from TD Bank.
Fairfield Residential Buys NC Community for $27M
Capital One originated nearly $22 million in Fannie Mae financing for the acquisition of the 266-unit, mixed-income Durham community.
Lion Real Estate Buys Nashville Community
The nearly $21 million acquisition of the 202-unit Class B multifamily asset marks the firm’s third deal in the metro in less than one year.