New York
Centers Health Care Secures Financing for New York Skilled Nursing Facilities
Greystone secured the HUD-insured loans for the portfolio totaling 323 beds.
Russo Development JV Secures Loan for New Jersey Community
In partnership with The Hampshire Cos. and Fourth Edition, the firm will begin construction on Print House by Vermella in Hackensack.
Queens Luxury Project Nears Completion
Rabsky Group is developing the ODA-designed apartment building in the Long Island City neighborhood.
TF Cornerstone Scores $374M Financing for Manhattan Towers
The New York State Housing Finance Agency and Wells Fargo Bank provided the debt for the 835-unit development.
BRP, Pennrose JV to Begin 1st Phase of Jersey City Redevelopment
The multi-phase Bayfront project will be the largest mixed-income development in the tri-state region.
Landlords Sue Over Eviction Moratoriums
Owners in Boston and New York are seeking to overturn bans put into place in response to the COVID-19 health crisis.
Coltown Properties Sells Brooklyn Portfolio for $82M
Merchants Bank of Indiana facilitated the 385-unit buy with more than $65 million in acquisition financing.
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.