Multifamily news in New York
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Designers Unlock Value in Vintage Buildings
A recent panel held by the Urban Land Institute tackled some of the challenges in turning aging Manhattan buildings into condo projects for the 21st century.
24 June 2020 13:50 -
USAA Provides Acquisition Financing for Brooklyn Condos
A joint venture between Meadow Partners and Slate Property Group sold the 183-unit building.
24 June 2020 13:48 -
Shorewood, Bridge Investment Secure $88M Construction Loan
East West Bank and a syndicate of lenders provided the financing for an opportunity zone project in Queens.
24 June 2020 13:40 -
Brooklyn Affordable Project Lands $72M Loan
The New York State Housing Finance Agency provided the bulk of the funds for the 160-unit development, one component of a 4,000-home housing initiative in the borough.
23 June 2020 11:23 -
JLL Arranges $7M Sale of NYC Community
Managing Director Brock Emmetsberger, along with Directors Ryan Kossoy and Reed Waggoner represented the seller.
18 June 2020 10:34 -
Woodmont Properties Begins Construction in New Jersey
The developer is planning a 443-unit luxury community near Princeton University.
17 June 2020 13:41 -
Centers Health Care Secures Financing for New York Skilled Nursing Facilities
Greystone secured the HUD-insured loans for the portfolio totaling 323 beds.
16 June 2020 13:05 -
Russo Development JV Secures Loan for New Jersey Community
In partnership with The Hampshire Cos. and Fourth Edition, the firm will begin construction on Print House by Vermella in Hackensack.
10 June 2020 13:28 -
Queens Luxury Project Nears Completion
Rabsky Group is developing the ODA-designed apartment building in the Long Island City neighborhood.
09 June 2020 13:18 -
TF Cornerstone Scores $374M Financing for Manhattan Towers
The New York State Housing Finance Agency and Wells Fargo Bank provided the debt for the 835-unit development.
05 June 2020 14:06 -
BRP, Pennrose JV to Begin 1st Phase of Jersey City Redevelopment
The multi-phase Bayfront project will be the largest mixed-income development in the tri-state region.
03 June 2020 14:04 -
Landlords Sue Over Eviction Moratoriums
Owners in Boston and New York are seeking to overturn bans put into place in response to the COVID-19 health crisis.
02 June 2020 12:44 -
Coltown Properties Sells Brooklyn Portfolio for $82M
Merchants Bank of Indiana facilitated the 385-unit buy with more than $65 million in acquisition financing.
29 May 2020 09:49 -
CIM Group JV Gets $131M Brooklyn Project Loan
Slated for delivery in late 2021, the 728-unit development will have a mix of rentals and condominiums.
21 May 2020 11:09 -
New York City’s Rent-Stabilized Properties Struggle with Shortfalls
Rent payments trail national averages, while commercial payments at mixed-use properties are faring considerably worse, an owners’ group reports.
20 May 2020 12:52