New York
JV Lands Equity, Construction Financing for Brooklyn Development
Lonicera Partners and Orange Management secured the $42.1 million, which was facilitated through JLL’s capital markets group, for a mixed-use luxury condo building.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for January 2018 in New York City.
Stellar Management Expands NYC Portfolio
The firm acquired a 42-unit building in Hamilton Heights, making it the owner of 37 percent of the residential properties along a five-block stretch of Broadway.
Expanding Workforce Housing Through Single-Family Investment
The Steinbridge Group CEO Tawan Davis discusses how his firm is carving a niche in the fast-growing sector and why this asset class represents an underrated target.
Meridian Arranges Financing for NY Assisted Living Property
The 200-bed New Broadview is located next to the Verrazano Bridge on Staten Island, and provides assisted living and nursing services.
RXR Tops Off Brooklyn Mixed-Use
The 810 Fulton St. development in Fort Greene will offer 393,000 square feet of residential and retail space across 12 floors. The project is scheduled for completion in 2019.
NJ Community Lands $19M Fannie Mae Loan
AMS Acquisitions purchased the 85-unit Silk Lofts, an adaptive reuse of a former Maidenform factory in Bayonne, N.J.
Sales Brisk at Manhattan Development
Since the topping out of the first of three towers at the Waterline Square residential project in October, GID Development Group reports that the community represent the city’s fastest-selling new development by dollar volume and by the number of units sold in 2017.
Manhattan Skyline Management Hires New VP
Chris Dell’Armo is the newest vice president of sales, leasing and marketing, bringing more than 10 years of experience in the industry.
Airbnb Intensifies Gentrification Across NYC Communities: Report
According to a ShareBetter coalition report, short-term rentals have removed as many as 13,500 housing units yearly, with 66 percent of revenue being derived from illegal listings.