New York
WinnDevelopment Opens $29M NY Senior Housing
The Landmark at Sibley Square in Rochester includes 72 affordable units and is part of the larger Sibley Square mixed-use redevelopment.
An Insider’s View of Brooklyn’s Affordable Housing Crisis
Nelson Management Group’s Robert Nelson discusses the impact of the Vital Brooklyn initiative, which is meant to alleviate the borough’s affordable housing shortage, and the company’s projects in the sector.
Manhattan Nursing Facility Lands Record $127M FHA Loan
KeyBank arranged the refinancing for the 499-bed Upper East Side Rehabilitation and Nursing Center. The funds will be used to pay off an interim acquisition bridge loan and $7 million in capital improvements.
Multifamily REITs to Flourish in Major Metros: Morningstar
According to the company’s latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., metros could have a significant impact on four of the largest REITs over the next two years.
Bronx Low-Income Housing for LGBT Seniors Underway
BFC Partners, HELP USA and SAGE announced the groundbreaking of the $41.4 million Crotona Senior Residences, which will include 84 units.
Facade Work Completed on Historic NYC Building
54 Bond Street is a 1870s, corner cast-iron building in the French Second Empire style, and is located in the Bowery neighborhood.
Brooklyn Receives Royal Treatment
The area’s rents stopped their slide this spring, following a lengthy spell when affordability issues and insufficient Renter-by-Necessity stock had driven residents away from the borough.
NYC-Area Post Acute Care Center Opens
Atrium Post Acute Care of Livingston can accommodate a total of 144 patients. The facility offers therapy and fitness space, as well as a NeuroGym and a mineral wellness spa.
Halstead Management Names New President
Leslie Bogen Winkler, formerly the firm’s executive vice president, will bring more than 40 years of residential management experience to the role.
Supply Wave Softens Demand in Queens
This year’s multifamily development is expected to reach a cycle peak in the borough, which continues to benefit from Manhattan’s prohibitive prices.