New York
Bed Bath & Beyond Heading to Brooklyn
After going through a $100 million makeover, the 1.1 million square foot Liberty View Industrial Plaza is rapidly turning into Brooklyn’s most wanted place to lease for retailers.
TODAY’S DEALS: Berkshire Group Cashes in with Portland Sale
ARA brokers a 123-unit Portland sale; GoldOller nabs 843 units in Houston; and GFI Realty arranges the sale of a walk-up building for $250,000 per unit in Queens, N.Y.
TODAY’S DEALS: Dwight Capital Funds $41.5M in HUD Loans
Dwight Capital closes out 2014 with a trio of HUD loans; a Canadian investment firm nabs a REO condo parcel in Illinois; and Meridian Capital arranges a five-year, $10.5 million acquisition loan for a Queens, N.Y., property.
TODAY’S DEALS: Greystone Closes $43.7M Affordable Transaction in Alabama
Greystone has closed a $43.7 million affordable housing transaction in Alabama; NorthMarq secures $103.7 million for a Texas portfolio; and Berkadia structures $55 million for the construction of a multifamily property located in a master-planned community.
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.