New York
$98.8M Senior Housing Community to Open in the Bronx
Phase III of Fordham Bedford’s Serviam development has received financing to create 197 more units of affordable housing.
Naftali Group Tops Out Second Luxury Condos in Manhattan
The company is opening its second boutique condominium building on the Upper West Side, hoping to transform West 77th Street.
On the Market: 5 Interesting CRE Listings for the Week of 5/23
This week’s most interesting listings include a converted former U.S. Marine hospital and a renovated pre-war building in New York’s Chelsea neighborhood.
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.