New York
Madison Adds Director of Investments
Kyle Torpey brings extensive experience in the real estate investment sector. In his new role, he will be responsible for company transactions in both the U.S. and global markets.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for August 2017 in New York City.
Top 10 Manhattan Apartment Owners
Although rent increases in New York City have slowed down, demand continues to be high and investors still consider the borough a red-hot market. MHN has compiled a list of Manhattan’s top owners based on data from Yardi Matrix.
Peak Campus Launches Theory Brand
The company is introducing its brand at two new student housing developments in Raleigh, N.C., and Syracuse, N.Y. Theory Raleigh and Theory Syracuse are slated for completion by the fall of 2018 and will feature a combined 1,126 beds.
Sales Start for NJ Luxury Waterfront Condos
The two-building Park and Shore is Strategic Capital’s first Jersey City development and the Newport neighborhood’s first condominium project in the last eight years.
Jamestown Nabs $145M for Manhattan Apartments
Capital One provided the loan for 88 Leonard St., a 21-story, 352-unit luxury building located in Manhattan’s Tribeca neighborhood.
Manhattan Sale Prices Drop: CityRealty Report
The study found that the average cost in the New York City borough continues to drop, but downtown is still thriving when it comes to condo, co-op and new development purchases.
DMG Investments Tops Out on NJ Luxury Condo Asset
While completion of the 204-unit One Park in Cliffside Park, N.J., is scheduled for fall 2018, Halstead Property Development Marketing recently opened an onsite sales gallery.
CapStack’s Stake in Multifamily Investment
The New York City-based firm is focusing on value-add opportunities in the Southeastern U.S. With 15 years of experience in the industry, Portfolio Manager Ben Inman will handle acquisition and asset management of CapStack’s multifamily investments.
New Destiny Breaks Ground on Affordable Bronx Community
The Jennings will feature 42 units for low-income households. Alex Gorlin is the architect and Lettire Construction is the general contractor.