New York
Brooklyn Braces for Banner Year
Most of the upcoming multifamily supply is geared toward the market’s Lifestyle segment. That will intensify the borough’s severe affordability crisis.
JV Begins Phase 2 of $1B Hudson Valley Development
SunCal and Diversified Realty Advisors’ Edge-on-Hudson in Sleepy Hollow will comprise 1,177 multifamily units, a 140-key boutique hotel and 165,000 square feet of commercial space.
NYC’s First Co-Living Community Coming to Brooklyn
The creator of the world’s largest co-living community will build a 350,000-square-foot property with flexible accommodations, including affordable housing.
Castle Lanterra Hires Chief of Staff
Mischa Edwards has roughly 10 years of management experience and will also serve as head of client services, overseeing the investor/client reporting and support process.
Megalith Capital Management Adds New SVP
Matthew Lobron will focus on the firm’s residential and commercial ground-up development activities, after serving various roles at Zeckendorf Development and Extell Development Co.
Development Gears Up for Banner Year in Queens
The transit-oriented development boom continues in the New York City borough, which gained more than 1,000 new apartments through July.
Related, Atria to Target $3B in Senior Housing Pipeline
The two companies are planning luxury high-rise properties in major U.S. markets, starting with New York City and San Francisco.
Manhattan Market Gains Momentum
Rents, occupancy and development are all on the rise. The financial sector, in particular, is providing an influx of affluent residents looking to live in the borough’s most popular neighborhoods.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in September 2018 in New York City.
JV Launches Sales at NYC Condo
Tamarkin Co. and CL Investment Group’s 13-unit building on the Upper West Side was previously a private school.