Finance & Investment - New York

  • New Destiny Breaks Ground on Affordable Bronx Community

    The Jennings will feature 42 units for low-income households. Alex Gorlin is the architect and Lettire Construction is the general contractor.

    04 September 2017 16:13
  • Manhattan Community Trades for $61M

    The 117-unit apartment building is situated in the Gramercy Park neighborhood, while residents benefit from easy access to multiple public transportation options.

    04 September 2017 14:26
  • Investing in Brooklyn

    Ideal Properties Group's co-founder Aleksandra Scepanovic talks about the borough's trends and how investors can identify the emerging opportunities.

    28 August 2017 17:20
  • Moinian Group, SL Green Snag $500M for Manhattan Tower

    Sky Residence includes 1,175 units and 70,000 square feet of amenity space in a 71-story community. It is the largest single-tower residential building in the U.S., and received the largest-ever single-asset tax-exempt financing completed by Freddie Mac.

    24 August 2017 08:48
  • Supportive Housing Coming to Brooklyn

    Comunilife and NYC Health + Hospitals broke ground on a $28 million, 89-unit community that will provide housing to low-income residents and individuals with behavioral health issues.

    22 August 2017 13:57
  • 948 Affordable Units Preserved in the Bronx

    LIHC Investment Group, Belveron Partners and Camber Property Group will rehabilitate Stevenson Commons in the New York City borough. The initiative is moving forward through an agreement with the New York City Housing Development Corp.

    14 August 2017 16:22
  • Ceruzzi Gets Massive Loan for Midtown Manhattan Condos

    The company received $300 million for completion of a 72-story building with 124 condos, 7,500 square feet of retail space and a 25-space garage.

    08 August 2017 17:30
  • Manhattan’s Beekman Tower Lands $70M Refi

    Meridian Capital Group arranged the 10-year CMBS loan for the 26-story Art Deco building. The property recently underwent a $24.2 million renovation to reposition it as corporate housing.

    04 August 2017 14:24
  • WinnCos. Eyes $19M Rehab for NJ Affordable Community

    The firm plans to make significant interior and exterior upgrades to the newly acquired Bridgeton Villas Apartments, a 156-unit community in Bridgeton, N.J.

    03 August 2017 15:26
  • Lower Average Loan Sizes Are Likely

    Rising interest rates have yet to strongly impact the multifamily market, as specialists are confident the market will continue to see healthy fundamentals in the near future. While loan origination volumes are expected to stay up, the average value of credit facilities might dip.

    01 August 2017 20:39
  • MHN’s Top 5 July 2017 Articles

    Miss out on any MHN stories in July? Here are five of our most popular articles for the month, including the top 10 apartment owners in Atlanta and design trends and products from NAA's Education Conference & Exposition.

    01 August 2017 14:56
  • Affordable NJ Community Changes Hands

    The new owner acquired Berkeley Terrace for a price tag of $12.2 million and plans to invest in extensive renovations. The project is slated for completion by August 2018.

    31 July 2017 10:36
  • Greystone Secures Largest HUD Loan for Nursing Facility

    The $78.4 million refinancing for the 510-bed property in Brooklyn, N.Y., follows a $20 million capital improvement plan implemented by Centers Health Care.

    24 July 2017 13:17
  • Manhattan Mixed-Use Snags Pre-Development Financing

    A joint venture obtained $200 million for 520 Fifth Ave., which will include 145 condos, 208 hotel rooms and 33,000 square feet of retail space.

    12 July 2017 08:44
  • Phase 2 of Brooklyn Affordable Project on Track

    A joint venture of The Hudson Cos. and BEC New Communities has closed on the financing and acquisition of BEC Continuum Resyndication, which includes 550 units across 43 properties.

    06 July 2017 16:05