New York
Sustainable Queens Development Begins Leasing
Gotham Organization’s and Brause Realty’s property, called The Forge, includes 272 units and features environmentally friendly, luxury amenities.
NJ Community Sells for $27M
A joint venture of C6 Real Estate Partners and Citymark Capital acquired the newly built, 100-unit River Edge at Garfield, which comprises one- and two-bedroom apartments ranging from 834 to 1,217 square feet.
Cushman & Wakefield to Market NYC Beaux-Arts Community
Measuring 42 feet wide, the building initially housed 14 families and their servants. Later converted to a hotel, the structure was reconverted to an apartment building in 1964.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for May 2017 in New York City.
Maplewood Senior Living Breaks Ground on $270M NYC Community
The 215-unit development featuring assisted living, enhanced care and memory care introduces the company’s Inspir brand, which was created to deliver a new option for older adults seeking senior residences.
HUD, HCR, MDG Partner for $160M Bronx Preservation
Michelangelo Apartments, a 494-unit affordable building, is a 43-year-old Mitchell-Lama community that will be renovated and preserved as affordable for another 40 years as a result of the deal.
Leasing Starts at Post Brothers’ The Duchess
The 320-unit luxury apartment building is slated for completion later this year, and it is the firm’s first New Jersey project. Paris Forino and Vijay Kale Architects oversaw the building’s design.
Greystone Provides $60M HUD Loan for NY Skilled Nursing Facility
The firm also secured a bridge-to-HUD loan to finance Kennedy Management’s acquisition, rebranding and renovation of the 302-bed asset in 2015.
UA Builders Nabs Another Bronx Propco Project
The construction firm is partnering with Badaly & Badaly Architects to deliver a 120,000-square-foot residential development in the West Bronx.