New York
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.
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.