New York
A Green Affordable Housing Lesson From the Bronx
Omni New York Co-Founder Eugene Schneur tells the story behind North America’s largest Passive House development and shares his views on New York City’s affordable housing market and clean energy ambitions.
Queens 269-Unit Condo Project Receives $30M Loan
Madison Realty Capital arranged the financing for Xinyuan Real Estate, which intends to use the funds to build a 17-story condo property with retail and common space components.
NYC Community Lands $42M Fannie Mae Loan
KeyBank’s Community Development Lending and Investment team has closed a second round of financing for the renovation of Twin Parks West, a 311-unit, 10-story affordable apartment property in the Bronx.
Caton Flats Affordable Project Breaks Ground in Brooklyn
The 255-unit community developed by BRP Companies will also house a revitalized and expanded Caton Flats Market, a city-owned cultural institution, along with office and community spaces.
JV to Bring Solar-Plus-Storage to LMI Communities in NY
The partnership aims to equip more than 2,500 regulated affordable housing buildings across New York City with solar and storage installations.
Jersey City Project Advances College-Anchored Redevelopment
The Hampshire Cos., Claremont Cos. and Circle Squared Alternative Investments started construction on the 199-unit apartment building, which is part of a mixed-use college town redevelopment adjacent to New Jersey City University.
Manhattan Rental Building Lands $72M Refi
PGIM Real Estate Finance originated the Fannie Mae financing for the 240-unit Olympia House, located within two blocks of Grand Central Station.
Carlyle Group, Stonehenge Land $235M Recap for NYC Tower
The newly formed joint venture will invest in upgrades to The Ritz Plaza, a 479-unit residential community in Times Square.
New Jersey Project Scores $45M Construction Loan
Kushner Real Estate Group broke ground on the 200-unit luxury multifamily community in Bayonne last summer and expects to finish in the spring of 2020.
JV Lands $54M Refi for Connecticut Portfolio
CBRE’s Debt & Structured Finance group arranged the financing, which was provided by Thorofare Capital, to retire the original senior construction loan for Berkeley at Waypointe and Quincy Lofts, located in Norwalk.