Deals - New York
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NYC Moves Forward on $260M Harlem Project
Empire State Development approved a modified plan along with $4.5 million in grants for the redevelopment project, which will include more than 170 affordable and supportive housing units.
22 July 2019 17:56 -
Harbor Group Buys Brooklyn Community for $117M
The 193-unit rental property, named The Frederick, was built in 2017 and is located in the popular Crown Heights neighborhood.
11 July 2019 14:30 -
Related Cos. Sells Affordable South Bronx Community
Prana Investments purchased the 252-unit River Court and Gerard Court. Hodges Ward Elliott’s Daniel Parker, Paul Gillen and Ariel Tambor acted on behalf of the seller.
09 July 2019 12:16 -
Strategic Capital Scores $70M Loan for NY Tower
NKF arranged the financing on behalf of the Chinese-backed developer. The 213-unit luxury community in Yonkers, River Club at Hudson Park, is currently being leased.
05 July 2019 13:20 -
NY Student Housing Asset Changes Hands
The community serves students attending Binghamton University and includes units raging from one- to six-bedrooms. Vesper Holdings acquired the asset.
03 July 2019 17:56 -
Brooklyn Mixed-Income Tower Lands $178M Loan
Completed in 2018, the 26-story community received the new financing through the New York State Housing Finance Agency’s 80/20 Housing Program. Rose Associates and Benenson Capital Partners are the developers.
03 July 2019 14:03 -
Berkadia Secures $104M Loan for NYC Skilled Nursing Facility
Managing Director Richard Price and Senior Director Gemma Geldmacher secured the financing for Workmen’s Circle Multicare Center in the Bronx.
25 June 2019 16:12 -
Loft Apartment Building Sells for $61M in NYC
Meadow Partners sold the market-rate rental property in Brooklyn's Williamsburg neighborhood. Hodges Ward Elliott arranged the sale of the former industrial asset.
24 June 2019 14:06 -
NYC Moves Forward on $82M Affordable Project
Developed by Bronx Pro Group and backed by city, state and federal funding, the 12-story community will offer 154 units and supportive services for income-challenged seniors.
21 June 2019 14:14 -
Brooklyn Project Lands $38M Loan
BNS Real Estate and Wonder Works Construction Corp. will build an 11-story, 80-unit community in the Greenpoint neighborhood of the New York City borough.
19 June 2019 14:02 -
Lonicera Partners Lands $70M for Brooklyn Luxury Development
The acquisition and construction financing from Santander Bank and City National Bank was arranged by JLL Capital Markets for the project at 308 Livingston St.
13 June 2019 14:58 -
JV Lands $415M Loan for Manhattan Tower
Douglaston Development brought in Ares Management Corp. as a partner in its 58-story multifamily project just south of Hudson Yards. The building will offer a mix of affordable and market-rate units.
10 June 2019 12:37 -
New Jersey Project Scores $45M Construction Loan
Kushner Real Estate Group broke ground on the 200-unit luxury multifamily community in Bayonne last summer and expects to finish in the spring of 2020.
09 May 2019 14:26 -
JV Lands $54M Refi for Connecticut Portfolio
CBRE’s Debt & Structured Finance group arranged the financing, which was provided by Thorofare Capital, to retire the original senior construction loan for Berkeley at Waypointe and Quincy Lofts, located in Norwalk.
06 May 2019 14:30 -
JDS Lands $664M Loan to Build Brooklyn’s Tallest Tower
The developer is moving forward with construction of the 575-unit residential skyscraper, which will rise 1,066 feet upon completion, making it the loftiest New York City building outside of Manhattan.
02 May 2019 13:47