Regions
Top 10 NYC Multifamily Sales in January 2016
The data is in! New York City multifamily real estate rocketed into 2016, with numerous eight-figure-plus sales. Manhattan, Brooklyn and the Bronx all jockeyed for the spotlight. Check out PropertyShark’s list of the top 10 most expensive multifamily deals recorded in NYC in January: 10. 4002-4004 & 4014-4016 Carpenter Ave., The Bronx Sale Price: $15,900,000 Buyer: Nysandy12 Cbp5 LLC Seller: Ecp Carpenter LLC The Real Deal reports that these two properties are part of a a much larger portfolio acquisition. In a partnership between Related and the New York City pension funds, a total of 737 Bronx apartments are being…
Mixed-Use Development to Rise Across from Historic Beacon Theatre
Eastern Union secured a $14.8 million construction loan for Opal Holdings’ new mixed-use residential development that will transform the current building at 207 W. 75th Street.
Queen’s University Belfast Preps for $100M Student Housing
McAleer & Rushe will develop two student housing facilities in central Belfast for Queen’s University.
Downtown Baltimore Property Sold through Greysteel
The 11-unit building nested in the heart of historic Mount Vernon was built in the 1900s and recently changed hands for $1 million.
HUD Grants to Support Native American Housing Totals $660M
The grants, known as Indian Housing Block Grant allocations, are distributed each year to eligible Native American tribes or their tribally-designated housing entities for a range of affordable housing activities.
$170M Financing Secured for FiDi’s 20 Broad Street
JLL secured $170 million in financing for the conversion of 20 Broad Street, a 29-story office building that FiDi veteran Nathan Berman will transform into a residential and retail asset.
Colliers Lines Up Financing for Multifamily Conversion in Philadelphia
Colliers International secured a $24 million loan for Heights Advisors’ first adaptive reuse project in Philadelphia.
33-Unit Affordable Housing Developed in CA
The apartments are designed for families earning between 30 percent and 60 percent of the area median income.
Colorado Springs Apartments Sell for More Than $28M
The gated community features 288 one- and two-bedroom units, and was originally developed in the mid-1980s.
RealtyTrac Looks at Zombie Foreclosures
RealtyTrac announced the markets in the United States with the highest and lowest vacancy rates.