New York
JV Breaks Ground on Brooklyn Mixed-Use Project
Developed by START Treatment & Recovery Centers, Delshah Capital and OTL Enterprises, the 20-story will offer 180 housing units, as well as office, retail and community space.
NYC Affordable Portfolio Lands $192M in Financing
A joint venture secured the fixed-rate financing to acquire and renovate 1,321 affordable housing units in Brooklyn.
Affordable Senior Housing Project Wraps Up in NYC
Foxy Management and Alembic Community Development built the Bronx project, 1880 Boston Road, in conjunction with city organizations. The 168-unit property has a price tag of about $77.8 million.
Q&A: Sustainable Operations Practices From FirstService Residential
Kelly Dougherty, director of energy management at FS Energy, explains how the company handles expenses and maximizes operating budgets to enhance building efficiencies.
BH3 Buys $195M Loan on Distressed NYC Skyscraper
The real estate investment firm has taken over the defaulted mortgage on 125 Greenwich St., an 88-story luxury condo tower in Manhattan’s Financial District that topped out earlier this year.
L+M, Invesco Partner for $1.2B NYC Housing Deal
The duo agreed to buy more than 2,800 market-rate apartments in Manhattan from Urban American and Brookfield Asset Management and will restore the affordability of more than 1,800 units.
Podcast: Unpacking New York’s Rent Law Changes
Jonathan Woloshin of UBS discusses the significant impact these reforms could have on the multifamily investment business in New York and the rest of the country.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in June 2019 in New York City.
NYC Moves Forward on $260M Harlem Project
Empire State Development approved a modified plan along with $4.5 million in grants for the redevelopment project, which will include more than 170 affordable and supportive housing units.
Exact Capital Rehabs 19 Buildings in the Bronx
The firm has teamed up with Bronx Shepherd Restoration Corp. to renovate and preserve 333 affordable apartments and four retail spaces across the New York City borough.