New York
$121M NYC Affordable Housing Community Opens
Peninsula 1B is the first residential building to open at a planned mixed-use megaproject.
LCOR, Madison International Land $87M for NJ Community
JLL Capital Markets arranged the financing for the mixed-use community.
Japanese Investor Enters US Market
MC Real Estate Partners and Tokyo Trust Capital acquired the 416-unit asset on behalf of the financial institution.
New York to Transform Distressed Hotels Into Affordable Housing
The law allows for Class B hotels to use certificates of occupancy to operate as residential spaces.
RXR Secures $105M Refi for New York Tower
This property was the first high-rise residential building delivered in New Rochelle since 2007.
New York Says “No” to Good Cause Eviction Bill
The state legislature declined to pass a controversial bill that would have prohibited most evictions and made it harder to raise rents.
The Brodsky Organization Lands $144M Loan
M&T Realty Capital Corp. secured the financing for the 312-unit building in Brooklyn.
Top Multifamily Markets for Construction Activity
The top 10 metros account for about 40 percent of all units underway.
Manhattan Multifamily Report – May 2022
The market has come a long way following two difficult years.