New York
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.
RiseBoro Sells Brooklyn Skilled Nursing Facility for $59M
The 240-bed Buena Vida Continuing Care and Rehabilitation Center provides long-term care and short-term rehabilitation.
Breaking Ground to Begin 508-Unit Brooklyn Project
The nonprofit received approval for its plan to transform a former hotel into affordable and supportive housing in the DUMBO neighborhood.
A Conversation With Bess Freedman on Luxury Real Estate
Brown Harris Stevens’ first CEO talks about the pandemic’s impact on NYC’s residential market and the measures taken by the company’s agents to stay safe while keeping the business going.