New York
NYC Condo Development Lands $65M Construction Loan
Working on behalf of the sponsor—a partnership of RJ Capital Holdings and RB Realty Capital—Naftali Credit Partners secured the financing for an upcoming 74-unit luxury community in Queens.
NJ Gated Community Commands $18M
The 168-unit Landmark West Apartments in Newton comprises 11 buildings on nearly 14 acres, in the midst of landscaped surroundings, recreational land, state parks and golf courses.
NYC Firm Awarded $70M to Build Modular Housing Community
Thorobird Cos., in a partnership with Bangladeshi American Community Development & Youth Services, will develop a 167-unit affordable property in Brooklyn.
Long Island Multifamily Portfolio Changes Hands for $473M
Fairfield Properties, with a $100 million preferred equity investment from FCP, acquired the seven properties from Lone Star Funds.
JV Opens Brooklyn Affordable Housing
Developed by RAL Development Services and Oliver’s Realty Group, in partnership with Brooklyn Bridge Park, the 15-story building features 140 units.
New Affordable Housing Slated for Midtown Manhattan
New York City has tapped several development firms to build 260 affordable apartments on two city-owned sites in the Clinton/Hell’s Kitchen neighborhood.
Brooklyn Development Reaches Leasing Milestone
The Rheingold, the largest multifamily development in Bushwick, is 60 percent leased after four months. The property features 500 units and was designed by ODA Architects.
RXR Realty Tops Out Long Island Condo Project
The Beacon at Garvies Point will offer 167 units as part of an 80-acre waterfront development in Glen Cove, N.Y., a suburb of New York City.
LMC Tops Out NJ Mixed-Use Development
The Lively—the company’s first development in the Northeast—features 180 luxury units, as well as a large-scale theater and supporting spaces dedicated to the arts.
Wells Fargo Refinances Manhattan Luxury Properties
The Gotham Organization received the permanent mortgage loans, totaling $184 million, for two upscale apartment buildings in Midtown West and Midtown South.