Multifamily news in Market Rate Housing - New York
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J&L Cos. Receives $94M Loan for Newark Project
Greystone has arranged construction financing for the 12-story development.
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Blue Onyx Cos. Breaks Ground on New Jersey Project
The 78-unit building is expected to be completed by the spring of 2023.
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Natixis Originates $60M Refi for Brooklyn Asset
Meridian Capital Group arranged the financing package for the Class A multifamily property.
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YS Developers Lands $63M Loan for Bronx Project
The financing will go toward building a mixed-income community in the Mott Haven neighborhood.
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Ares Lands $78M Refi for New York Community
The owner will use the loan proceeds to retire $66 million in CMBS debt and continue rehabilitation of the partially affordable asset in Westchester County.
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Common Tapped to Manage NYC Co-Living Units
Simon Baron Development chose the operating firm to manage 419 beds at one of the largest co-living buildings in the country.
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Tishman Realty Acquires Manhattan Condos for $87M
This deal marks the first major bulk condominium sale in New York City since the pandemic began.
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Manhattan Multifamily Project Secures $59M Financing
The development will add 113 units within an Opportunity Zone in one of the borough's growing submarkets.
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Quinlan Kicks Off 17-Story Mixed-Income Brooklyn Project
CIT Group provided a $35.7 million construction loan, with Hines contributing mezzanine financing.
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Avery Hall Starts Pre-Leasing Brooklyn Mixed-Use Community
One Boerum Place will see its first move-ins this summer and a majority of its units completed by late fall.
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Khosla Capital JV Buys New Jersey Apartments for $115M
JLL Capital Markets represented the seller in its disposition of a 360-unit community in Hackensack.
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TF Cornerstone Begins Leasing at Queens Community
The waterfront property in Long Island City will designate 60 percent of its units as affordable housing.
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SL Green Sells Interest in 2 Manhattan Communities
The REIT will use the proceeds for developments and its share repurchase program.
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Caspi Development Launches Leasing at Brooklyn Apartments
Located in the Greenpoint neighborhood, The West is part of the Affordable New York program.
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BNE Real Estate Group to Begin Leasing New Jersey Property
Construction of the 242-unit community in Harrison began in winter 2020.