New York
Lightstone Snags $105M Financing for Luxury Long Island City Project
The two loans will support the construction of a 418-unit luxury community that expands the developer’s Queens portfolio.
NYSERDA Invests $27M in Affordable Housing Energy Efficiency
The agency is committing funding to improve the energy efficiency of more than 220,000 affordable housing units across New York State.
Carl Hum Joins NYC Housing Partnership’s Board of Directors
The executive is senior vice president for management services and government affairs at the Real Estate Board of New York.
Soho Properties Lands $219M Financing for Trophy Condo Tower
A global consortium of lenders provided construction financing for 45 Park Place, a Tribeca tower to be designed by renowned architects.
Thor Equities Expands Its Uptown Portfolio with Another Multifamily Property
The 39-unit prewar residential property is located in the midst of three thriving districts and offers easy access to transportation.
Top 10 NYC Multifamily Sales in April 2016
Trendy Brooklyn may have come out on top in this new data set, but overall recorded sales in April 2016 were dominated by transactions in Manhattan. Of special note is the continuing appetite for income producing properties in Washington Heights and Long Island City. 1. Sale Price: $79,672,500 Buyer: Eqr-North Ninth Ii LLC Seller: Em N9 LLC, Fpg 237-263 North 9TH Property LLC Despite rumors of shedding billions of dollars of apartments late last year and early in 2016, Sam Zell’s Equity Residential boldly picked up these Williamsburg apartment buildings last month. 2. 42-15 Crescent Street, Queens Sale…
Upgraded Mixed-Use Property in Midtown Manhattan Lands New Owner
A 36-unit mixed-use building, located in the core of Manhattan, was sold after extensive renovations.
Akelius Shells Out $56M for Historic Multifamily Community
The company acquired a six-building multifamily property in Brooklyn for $56.5 million, following a competitive bidding process.
Meridian Capital Arranges $218M for Large NJ Buy
Capital One Multifamily Finance provided the acquisition financing for the purchase of nearly 1,500 multifamily units in Piscataway and Wayne, N.J.
Upscale Residential Project in NYC Now on the Market
Thirteen East + West, a high-end residential project in East Village, launched sales for its 10 condominiums and two maisonettes.