New York
AvalonBay Sells NY Community for $306M
Common areas and units are slated for a $9 million upgrade.
Invesco Pays $44M for Brooklyn Self Storage
The property last traded in 2007 for a quarter of the current price.
Douglaston Development Tops Out Bronx Senior Housing Project
Located next to the New York Botanical Garden, the community will provide units for residents earning 50 percent of AMI.
A&E Real Estate Buys Manhattan Apartments for $415M
CBRE arranged the sale of the 455-unit building located on the Upper West Side.
NHPF Lands $56M Refi for 2 Newark Affordable Communities
A total of 15 out of the 143 units will be set aside for individuals in need of permanent supportive housing.
NY State’s Largest MHC Owner-Operator Is Thirsty for More
Cook Properties CEO Jeff Cook sheds light on the growth of this alternative asset class as he prepares to further expand his East Coast portfolio.
BRP Cos. Secures $378M Construction Loan for Queens Development
Basis Investment Group has joined as a partner on the 715,000-square-foot project.
Foxy Management Tops Out NYC Affordable Senior Housing
The $93 million project is slated for 2023 completion.
New Solutions to Housing Affordability
Rising construction costs are complicating efforts to meet demand for low-income housing. But new collaborations and the President’s recently announced plan offer possibilities for success.