Multifamily news in New York
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Greystone Names New Managing Director
George Kenny brings three decades of mortgage and securitization experience to his new position. His previous employers include Starwood Property Trust, UBS and Bank of America.
13 June 2018 06:28 -
Long Island Senior Community Receives $10M HUD Loan
Located 45 minutes from Manhattan, Birchwood Suites in East Northport, N.Y., landed the refinancing loan through HUD’s Section 232 pursuant to Section 223(f) funding program.
12 June 2018 16:49 -
Manhattan Luxury Condos Land $168M
The Continuum Co.'s Madison Square Park Tower recorded intense sales activity, with 58 out of 83 units already sold for a combined $400 million.
12 June 2018 09:09 -
$21M NY Affordable Housing Redevelopment Opens
Chappaqua Crossing Apartments in Westchester County, the former site of the Reader's Digest headquarters, features 64 mixed-income units and access to a playground, a clubroom and walking trails.
11 June 2018 17:23 -
Unlocking Potential in New York’s Emerging Submarkets
Eran Polack, co-founder & CEO of HAP Investments, analyzes investment opportunities in the metro and the reasons behind Northern Manhattan's transformation into a fast-moving market.
08 June 2018 11:22 -
NYC Developer Obtains $46M Loan to Build Kips Bay Condos
Forkosh Development Group's newest project is a 20-story residential building in the Manhattan neighborhood. The site, formerly three small apartment buildings, was purchased earlier this year for $17 million.
06 June 2018 13:56 -
WinnDevelopment Opens $29M NY Senior Housing
The Landmark at Sibley Square in Rochester includes 72 affordable units and is part of the larger Sibley Square mixed-use redevelopment.
31 May 2018 15:09 -
An Insider’s View of Brooklyn’s Affordable Housing Crisis
Nelson Management Group's Robert Nelson discusses the impact of the Vital Brooklyn initiative, which is meant to alleviate the borough's affordable housing shortage, and the company's projects in the sector.
31 May 2018 12:15 -
Manhattan Nursing Facility Lands Record $127M FHA Loan
KeyBank arranged the refinancing for the 499-bed Upper East Side Rehabilitation and Nursing Center. The funds will be used to pay off an interim acquisition bridge loan and $7 million in capital improvements.
25 May 2018 17:33 -
Multifamily REITs to Flourish in Major Metros: Morningstar
According to the company's latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., metros could have a significant impact on four of the largest REITs over the next two years.
24 May 2018 16:08 -
Bronx Low-Income Housing for LGBT Seniors Underway
BFC Partners, HELP USA and SAGE announced the groundbreaking of the $41.4 million Crotona Senior Residences, which will include 84 units.
24 May 2018 14:50 -
Facade Work Completed on Historic NYC Building
54 Bond Street is a 1870s, corner cast-iron building in the French Second Empire style, and is located in the Bowery neighborhood.
24 May 2018 14:17 -
Brooklyn Receives Royal Treatment
The area's rents stopped their slide this spring, following a lengthy spell when affordability issues and insufficient Renter-by-Necessity stock had driven residents away from the borough.
24 May 2018 13:49 -
NYC-Area Post Acute Care Center Opens
Atrium Post Acute Care of Livingston can accommodate a total of 144 patients. The facility offers therapy and fitness space, as well as a NeuroGym and a mineral wellness spa.
24 May 2018 11:35 -
Halstead Management Names New President
Leslie Bogen Winkler, formerly the firm’s executive vice president, will bring more than 40 years of residential management experience to the role.
24 May 2018 08:00