New York
Hines, Welltower Plan Senior Housing in Midtown Manhattan
The partners will demolish the existing commercial structures on the site to make way for a new 15-story community with retail at the base.
Top 10 NYC Multifamily Sales in March 2016
March 2016 records reveal an active month for NYC multifamily deals. Dive into the data from PropertyShark and discover who the top deal-makers of March were, as well as discovering the premium being put on apartment buildings compared to just a few years ago. 1. 760-774 3rd Avenue, Manhattan Sale Price: $270,000,000 Buyer: 160 East 48th Street Owner II LLC Seller: Buchanan Apartments LLC The biggest deal of the month goes to a joint venture between Madison Realty and USAA Real Estate. The ‘Buchanan’ building houses 299 apartments, as well as office and retail space. Almost 200 of the…
The Preserve Adds Luxury Senior Housing to Northern N.J.
The KABR Group and The Pinnacle Cos. are currently leasing pet-friendly residences at the new 55+ luxury apartment community in West Caldwell, N.J.
Madison Realty Capital Provides First Mortgage Loan for 72nd St. Conversion in Manhattan
The five-story Vanderbilt Mansion is ready for redevelopment into a 7-story, 18,412-square-foot property encompassing three luxury condominium units.
Vesper Holdings Launches New Student Housing Management Brand Campus Life & Style
By taking ownership of the daily operations through Campus Life & Style, Vesper Holdings will control the property management for its more than 10,000 beds across 12 markets, creating a hospitality experience for residents similar to that of a boutique hotel.
Greystone Development Acquires Sag Harbor Property
The waterfront property will be included in the planned 11 residences designed by renowned architect Robert A.M. Stern.
Manhattan Residential Sales Fewer in Number, But Higher in Price
The average price of a condo in New York City was $3.2 million in March, and the average price of a co-op was $1.3 million.
Moinian Group Builds up Manhattan’s Far West Side
The Moinian Group continues its long-term investment in Manhattan’s Hell’s Kitchen with a 165-unit residential project at 572 11th Ave. and a Class A office tower in the Hudson Yards district.
On the Market: This Week’s 5 Most Interesting CRE Listings
Check out this week’s most interesting CRE listings across the country.
City Council Approves de Blasio’s Affordable Housing Programs
The NYC City Council approved two major components of Mayor de Blasio’s affordable housing plan with the passing of the MIH and ZQA programs.