New York
2 NYC Projects Land $181M in Financing
Merchants Capital secured financing for two affordable housing developments in the East Harlem and Flatbush neighborhoods that together total 659 units.
Brooklyn Luxury Community Lands $75M Refi
Cushman & Wakefield arranged the loan for The Lane at Boerum Place, a 108-unit residential tower built in 2017 by Quinlan Development Group and Lonicera Partners.
MRC Provides $138M Loan for Manhattan Condo Project
Happy Living Development received financing to build a 155-unit condo project with retail space in West Harlem. Foundation work has already wrapped up.
Falcon Pacific Builders Tops Out Queens Project
Developed by the Saab Family LP, the 50-unit mixed-use building in the Astoria neighborhood is on track to be completed by November.
1st Phase of Affordable NJ Project Opens
The Jersey City Housing Authority and The Michael’s Org. unveiled the first 21 units of Mill Creek Gardens. When complete, the property will encompass 126 apartments.
Brooklyn Multifamily Report – Winter 2019
The borough’s stock expansion reached a new cycle peak in 2018, with most of the new supply geared toward high-income residents.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in February 2019 in New York City.
Manhattan Multifamily Report – Winter 2019
Apartment demand remains high across the borough, where more than 3,700 units came online in 2018, representing 1.1 percent of total inventory.
UK-Based Co-Living Operator Expands NYC Footprint
The Collective made its third investment in the city by acquiring the Paper Factory Hotel in Queens, which will be converted into a short-stay co-living facility.
Queens Multifamily Report – Winter 2019
Continuing to benefit from Manhattan’s spillover effect and steady job gains, the borough’s rental market ended 2018 on a positive note.