Regions
1st Phase of Affordable NJ Project Opens
The Jersey City Housing Authority and The Michael’s Org. unveiled the first 21 units of Mill Creek Gardens. When complete, the property will encompass 126 apartments.
Brooklyn Multifamily Report – Winter 2019
The borough’s stock expansion reached a new cycle peak in 2018, with most of the new supply geared toward high-income residents.
Phoenix Senior Living Community Begins $260M Redevelopment
The Weitz Co. has started construction of 34 patio homes at Beatitudes Campus as the first phase of a comprehensive eight-year expansion plan.
Phoenix Community Sells for $52M
Wood Partners sold the transit-oriented community to FSC Realty in a transaction brokered by Institutional Property Advisors.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in February 2019 in New York City.
Manhattan Multifamily Report – Winter 2019
Apartment demand remains high across the borough, where more than 3,700 units came online in 2018, representing 1.1 percent of total inventory.
ABI Multifamily Facilitates $22M Sale in AZ
An out-of-state investor purchased the 180-unit Cabana at the Pointe from Deco Communities. The buyer took out an $18.4 million loan to finance the acquisition.
Peak Campus to Manage 430-Bed Chicago Student Housing
The Buckingham serves students at the University of Illinois – Chicago and is also within a mile of 20 other schools.
Boston Boutique Multifamily Community Changes Ownership
Corcoran Management Co. acquired the 31-unit luxury property for $25 million. HFF represented the seller, The Cincotta Cos., and procured the buyer.
POAH’s Aaron Gornstein on Affordable Housing
The president & CEO of the national nonprofit sheds light on affordable housing finance, policy and his organization’s own plans for the years ahead.