New York
Avanath Strengthens East Coast Presence
The company is the new owner of two assets in Harlem, N.Y., and Temple Hills, Md. For a combined $36.3 million, Avanath purchased 202 affordable housing units.
Work Begins on $136M Manhattan Affordable Housing Project
Related Cos. and The Hudson Cos. are bringing the first newly constructed, permanently affordable housing project to Roosevelt Island, N.Y. The 21-story community is set to encompass 340 units.
$100M Deal to Preserve Affordability in South Bronx
A joint venture led by NCV Capital partners secured debt and equity to fund and rehab a 13-building, 515-unit affordable housing portfolio.
JV Secures $70M Loan for NJ Asset
The proceeds of the 10-year loan, arranged by HFF, were used to retire existing construction financing for Steel Works, a 2017-built property in Harrison.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in December 2018 in New York City.
Partially Affordable Brooklyn Community Receives $32M Loan
Caesura is a recently completed, 132-unit residential building in the borough’s Cultural District. HFF Managing Director Steven Klein and Senior Director Geoff Goldstein worked on behalf of the borrower.
Jonathan Rose Cos. Sells Affordable NJ Asset
SVN Affordable assisted the company in the $47.5 million sale of St. Mary’s Villa, an age-restricted property encompassing 360 one-bedroom units.
The Impact of Amazon HQ2
Peter Muoio of Ten-X offers his insights on how Amazon’s second headquarters will impact New York City and Northern Virginia.
Arbor Realty Trust Hires New EVP, CTO
Howard Leiner has stepped up as the company’s newest executive, after occupying various technology positions with Goldman Sachs and Deutsche Bank.
A Look Inside Brookfield’s Newest NYC Tower
In an exclusive multimedia tour, Maria Masi of Brookfield Properties talks about One Blue Slip, the 359-unit community that is part of the Greenpoint Landing master plan in Brooklyn.