New York
Jersey City’s Multifamily Boom: Q&A with Mayor Steven Fulop
Jersey City currently has 5,000 residential units under construction with another 18,000 that have been planned or approved. MHN recently had the chance to catch up with Mayor Steven Fulop to get the scoop on Jersey City’s multifamily boom.
Harlem’s Abandoned P.S. 186 Coming Back to Life as $48.6 Million Mixed-Income, Mixed-Use Building
A development team is breathing new life into the dilapidated Public School 186 building, one of Harlem’s architectural beauties that has been sitting vacant for nearly four decades.
SPECIAL REPORT: The Case for Queens
Everyone is trying to get a piece of Queens these days. A panel at Massey Knakal’s Multifamily Summit explains why.
TODAY’S DEALS: Forest City Buys Out Equity Partner in Modular Brooklyn High-Rise
Forest City buys out its equity partner in a modular Brooklyn high-rise amid a construction dispute; Ivanhoé Cambridge partners with Black Creek on a Mexico City development; and NorthMarq Capital completes a $15.75 million Freddie Mac refinance with forward lock.
TODAY’S DEALS: Forum Sells Denver Apartment, Achieves Record Price Per Square Foot
ARA brokers Forum Real Estate Sale of a 57-unit apartment in Denver; Titan SenQuest grabs a seniors housing community in Grand Rapids; and Meridian Capital Group arranges a $2.3 million loan with a below-market interest rate.
Growth Markets for 2015: Upstate New York
Secondary cities in the South and Northwest grab the headlines, but upstate New York is beginning to be recognized for stable recovery and urban reinvention.
TODAY’S DEALS: Cohen Financial Secures $167.6M Construction Loan for Miami Development
Cohen Financial secures a $167.6 million construction loan for Muse in Sunny Isles located at 17141 Collins Avenue; and Meridian Capital arranges $32 million for two mixed-use properties in New York.
TODAY’S DEALS: Inland Acquires Newly Constructed Indianapolis Community
Inland Real Estate Picks up a 384-unit asset from Milhaus in an HFF-brokered sale; Gebroe-Hammer closes 13 multifamily sales in July and August; and Meridian Capital brokers $29 million in creative acquisition and construction financing for a boutique condominium project.
TODAY’S NEWS: Cohen Financial Secures $64M for a Colorado Development
Cohen Financial secures financing for a 312-unit development between Denver and Boulder; Equicap arranges a $12.5 million mortgage for a portfolio in New York’s East Village; and Grandbridge Real Estate Capital obtains a $8.35 million life insurance company loan for a portfolio of properties located in the Twin Cities.
TODAY’S DEALS: Mack-Cali, Ironstate Land $192M via NorthMarq for Jersey City Apartment Tower
NorthMarq arranges $192 million for a 763-unit development; CBRE Global Investors acquires 432 units in The Woodlands; and Everbank funds a $2 million acquisition loan for a mixed-use property in Chicago.