New York
Manhattan Luxury Condos Land $155M Financing
Sumaida + Khurana and LENY’s 35-story project will be the award-winning architect Alvaro Siza’s first U.S. development and will include 83 highly amenitized units.
On the Market: 5 Interesting Listings for the Week of 4/9
This week’s listings include a mixed-use investment opportunity on Manhattan’s Upper West Side and a newly renovated community in the Denver metropolitan area.
Asset Campus to Manage NY Community
The Brock is situated two blocks from SUNY Brockport University and offers one-, two-, three- and four-bedroom units across a three-story building.
Tishman Speyer to Develop 480-Unit Brooklyn Tower
The luxury community 11 Hoyt, the company’s first ground-up New York City condo project, will feature 190 floorplans and on-site parking.
Kushner Buys 360-Unit NJ Property
The company has acquired Prospect Place, a two-building community located in Hackensack, N.J., from Greystar.
Avanath Buys 3 Affordable Communities in NJ, MD
Through its Affordable Housing III fund, the company bought two properties in Upper Marlboro, Md., and one in Wharton, N.J., with plans to upgrade the assets.
HFF Secures $86M Financing for Manhattan Luxury Community
The company arranged the loan on behalf of Joy Construction, Maddd Equities and the family of the late Lewis Katz for the refinancing of The Lewis, a 186-unit luxury building in the growing Hudson Yards neighborhood.
Manhattan Apartment Prices Continue to Drop: Halstead
The median cost has remained unchanged from quarter four of 2017 but dropped 1 percent from the previous year, according to the company’s most recent report.
Park and Shore Tops Out in NJ
Upon completion, Strategic Capital’s two-building luxury development will bring a total of 429 units to the Jersey City market, marking the Newport neighborhood’s first waterfront condominium in 10 years.
Forest City Trades Brooklyn Property for $156M
Principal Global Investors acquired 461 Dean, a 363-unit community—50 units of which are affordable—that opened in late 2016.