Regions
Train-Adjacent Apartments Put Commuters at Ease
Commuting is sure to be a breeze for residents of Harrison Station, a new rental community in New Jersey–after all, the luxury apartments are located right next to the Harrison PATH station.
TODAY’S DEALS: HFF Arranges Financing for 224-Unit Acquisition
HFF arranges acquisition financing for a 224-unit community in Tampa, Fla.; Dome Equities LLC acquires a 208-unit property in Kansas; and NorthMarq Capital arranges a $14.5 million mortgage via MetLife.
CRP at Work on Five Mid-Atlantic Apartment Properties
Chesapeake Realty Partners has started work on the development of five apartment properties in Maryland, Virginia and Pennsylvania. All together, the developments will total 1,260 residences and cost about $186.5 million.
Fortunes Point Up for Future Residents of Northwoods Apartments
The initial phase of 28 one- and two-bedroom garden-style apartment homes at Northwoods, a new apartment community in the Hudson Valley town of Wallkill, will be available for rent this winter.
Obama’s Proposed Carried Interest Tax Potentially ‘Devastating’ for Multifamily
Could job creation come at the expense of multifamily owners? The proposed carried interest tax could theoretically cripple the multifamily industry.
TODAY’S DEALS: Applied Development Completes Hoboken Acquisition
Applied Development Company completes ownership of 333 River Street in Hoboken; Voit completes the sale of a distressed community; and Deutsche Bank Berkshire Mortgage refinances FHA, mez debt with $28.5M Freddie Mac loan.
Green Rehab Completed on Harlem Apartments
Jonathan Rose Cos. has completed renovation of a group of occupied multifamily properties stretching from 107 to 145 West 135th Street in Harlem.
Luxury Property Jardin to be Reintroduced in a Condo-Hungry Brooklyn Neighborhood
Jardin, an upscale 44-unit condominium property that reached completion in 2007 just as the housing industry collapsed, is returning to the market.
Renters Flocking to Student Housing Conversion in Brooklyn
In downtown Brooklyn, a former seven-story multifamily building is being converted to a 44-unit student housing community.
TODAY’S DEALS: HRI, Woodward JV to Convert Historic New Orleans Building
HRI, Woodward JV to convert historic Louisiana building into apts; Urban Investment Partners acquires a 52-unit community in Washington, D.C.; and Hendricks & Partners arranges $975,000 sale at full listing price.