New York
CIM Group JV Gets $131M Brooklyn Project Loan
Slated for delivery in late 2021, the 728-unit development will have a mix of rentals and condominiums.
New York City’s Rent-Stabilized Properties Struggle with Shortfalls
Rent payments trail national averages, while commercial payments at mixed-use properties are faring considerably worse, an owners’ group reports.
BRP Cos. Eyes $286M Queens Project
Site work is under way for the 605-unit, mixed-income development in the Jamaica neighborhood.
Woodmont Properties Sells New Jersey Community for $44M
The buyer received nearly $33 million in acquisition financing from Kearny Bank.
Clipper Equity’s Flatbush Gardens Lands $329M Refi
New York Community Bank provided the REIT with the 12-year note for one of Brooklyn’s largest affordable housing assets.
JLL Secures $30M for New Jersey Community
Thomas Didio and Gerard Quinn led the team working on behalf of the borrower, Tower Management Service.
Pairing Sustainability and Affordable Housing With Sadie McKeown
CPC Executive Vice President & Head of Construction Lending Sadie McKeown on energy efficiency and green initiatives in the affordable housing sector.
Long Island City Community Gets $65M Loan
The Freddie Mac mortgage secured by Greystone retires an existing construction loan and provides additional capital.
Multifamily Trends in NYC, New Jersey: Similarities and Differences
Circle Squared Alternative Investments CIO Jeff Sica weighs in on the region’s multifamily market and what renters will be drawn to once the crisis subsides.
New York Extends Eviction Moratorium
Governor Cuomo announced the state would also ban late fees and missed-payment fees during the moratorium period.