New York
Manhattan Multifamily Report – Fall 2019
The borough’s year-over-year rent growth of 3.5 percent as of August surpassed the U.S. figure for the first time in many years.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in September 2019 in New York City.
Q&A: Raising the Bar for Green Affordable Housing
Enterprise Community Partners’ Krista Egger offers a sneak peek of the updated framework for improving the health and well-being of low-income residents.
Time Equities Adds Artistic Touch in Manhattan
Tessa Ferreyros will curate contemporary works throughout the company’s commercial and residential buildings.
Brooklyn Multifamily Report – Fall 2019
The market’s multifamily sector continues to perform well, with rent growth still strong despite last year’s development peak.
JV Breaks Ground on Jersey City Tower
The 38-story high-rise marks the latest project in the city for KRE Group, which is building several other properties in the downtown area.
Brooklyn Luxury High-Rise Gets $52M Refi
Freddie Mac provided the financing under the Lease-Up Loan Program for the new 110-unit project.
Fairstead Affordable Buys Harlem Apartments for $76M
A HUD Project Based Section 8 contract and HPD Article 11 regulatory agreement will enable the multifamily portfolio to remain affordable for 40 years.
Mack-Cali Chalks Up $820M in Boston, New Jersey Trades
The REIT has completed the $409 million purchase of Liberty Towers in Jersey City as part of a 1031 exchange.
Manhattan Communities Get $119M Refi
The owner secured the Fannie Mae financing in preparation for the expiration of the city’s 421a tax abatement program.