New York
Northern New Jersey Community Sells for $40M
Santander Bank provided $29.4 million in acquisition financing for the purchase of the 123-unit community in Morrisville.
Brooklyn Affordable Community Breaks Ground
Trinity Financial Inc. and the New York City Housing Authority are bringing the 180-unit property to the borough’s Brownsville neighborhood.
Jersey City Community Scores $168M Loan
The financing will fuel construction of a 350-unit rental tower as part of a planned 1,000-unit development.
Queens Property Lands $121M Loan
Treetop Development obtained the financing for 711 Seagirt, a 917-unit asset in the Far Rockaway neighborhood.
Queens Multifamily Report – Fall 2019
Unrestrained by this summer’s new statewide regulations, rents in the New York City borough rose sharply over the past two quarters.
New York’s Rent Reform Pushes Investors Toward South Florida
As investors pull away from markets with rent control laws, the Sunshine State seems to be one of the greatest beneficiaries. Brown Harris Stevens’ Phil Gutman explains why it’s hard to match the advantages Florida has to offer.
Queens’ T-Building: From Hospital to Affordable Housing Community
Dunn Development Corp. has started work on transforming the historic structure into a 200-unit affordable housing property, slated for completion in 2021.
Pembrook CEO: Affordable Housing Can Be Top Performing
Stuart Boesky, CEO of Pembrook Capital Management, explains how affordable rental housing can be a successful investment, even in times of economic distress.
Arch Cos. Adds Partner, Head of Subsidiary
Jason Paul has more than 10 years of experience in multifamily and mixed-use assets.
RXR Breaks Ground on New Rochelle Community
The mixed-use property is the latest piece of the real estate firm’s redevelopment plan for the town, located just outside of New York City.