New York
New York City’s Housing Plan Outpaces Goals
New York City Mayor Bill de Blasio’s housing plan to create 200,000 units of affordable housing in 10 years is exceeding targets.
TODAY’S DEALS: RFR and Vanke Land $360M for Manhattan Condo
HFF sources $360 million for a Manhattan condo development from the Industrial and Commercial Bank of China; Walker & Dunlop closes a $152 million loan portfolio within 48 days; and Greystone arranges financing for a Strategic Properties acquisition in Illinois.
Michael Paul Enterprises Presents New Boutique Condos to Upper East Side Market
Manhattan’s prestigious Upper East Side is welcoming two new boutique condominium buildings to the market.
Victor Group and Lend Lease Team Up on Manhattan Condominium Building
Victor Group announced it paired up with Lend Lease to develop a residential project at 281 Fifth Ave. in Manhattan.
Major Celebration as Residents Return to Renovated Apartments in Formerly Hazardous Building
An infamous Inwood, N.Y., building was severely destroyed and at risk of collapsing. As of Thursday, the major rehabilitation of 552 Academy Street in Inwood was officially completed.
Ideal Properties Unveils 784 Park Ave For $6.29M
Located in the center of the Upper East Side in New York, the four-bedroom, four-and-a-half bathroom luxury apartment is situated in the 1930 prewar building.
LeFrak Celebrates Major Milestone in Ongoing Capital Improvement Program
The West Courtyard facility, located at the corner of Junction Boulevard and 57th Ave. in New York, is officially opened.
TODAY’S DEALS: Kushner Cos. Acquires New York Walk-Up Portfolio for $131.5M
Kushner Companies closes on the acquisition of a 16-building, 291-unit portfolio of Manhattan and Brooklyn multifamily walk-up properties; and HFF secures financing for a property near the University of Houston.
New Partnership Investing $20M in Affordable Housing in California
The Community Development Trust, a national private real estate investment trust, has announced a partnership with TIAA-CREF, a national financial services organization, to invest in affordable housing in California.