New York
Greystone Sells Brooklyn Asset for $10M
The company acquired the landmarked property, built in 1910 as Public Bath No. 7, in 2014, then undertook and completed a substantial renovation of the Renaissance Revival-style structure.
Arbor Realty Adds New SVP
Bill O’Brien will oversee the growth and development of agency production after serving for 10 years as director of multifamily at Fannie Mae.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in April 2018 in New York City.
82-Unit Redevelopment Property Debuts in NJ
The Hampshire Cos., Claremont Cos., NAI James E. Hanson and Provident Bank began work on an 119,000-square-foot building in Hackensack. The asset is part of the city’s rehabilitation plan.
On the Market: 5 Interesting Listings for the Week of 5/7
Among this week’s listings are a century-old Manhattan property, a brand-new community near Philadelphia’s Center City, and more.
NY Skilled Nursing Portfolio Lands $75M Financing
The 561-bed Optima Portfolio comprises three skilled nursing assets in the New York City area. The acquisition loan was funded through HUD.
Eastern Consolidated Arranges $350M Loan for NY Condos
JD Carlisle Development Group and Fosun International are building a 66-story luxury property in Manhattan. Adam Hakim, James Murad and Andrew Iadeluca secured the financing for the project.
Solow Building Launches Luxury NYC Condo Sales
The 43-story 685 First Ave. in Midtown East offers 148 units and a screening room, a 70-foot indoor lap pool and a children’s play room.
NJ Asset Lands $31M Loan
Capodagli Property Co. will use the construction mortgage from Sterling National Bank to build 172 units in the first phase of Meridia Brownstones in Rahway.
Is New Jersey’s Investment Landscape in for a Treat?
Jeff Holzmann, managing partner of iintoo, discusses the company’s investments in Garden State and why Newark looks like the right candidate for Amazon HQ2.