Northeast
Manhattan Multifamily Report – Summer 2020
The borough endured in the wake of shelter-in-place measures, with average rents outperforming nationwide trends.
JV Lands $34M for New Jersey Affordable Luxury Project
Investors Bank originated the loan for the development of a 180-unit community in North Haledon.
MassHousing Provides Affordable Portfolio Loan
Preservation of Affordable Housing received the short-term financing for the purchase and initial rehabilitation of 227 units in Attleboro, Mass.
JV Breaks Ground on Suburban New York Community
NRP Group and RPW Group are developing the 303-unit apartment building on the former location of the tech giant’s headquarters.
Brooklyn Multifamily Report – Summer 2020
The borough’s rental segment continues to absorb the effects of New York City’s initial coronavirus wave.
30-Story Multifamily Tower Opens in Philadelphia
The 405-unit property is located in the University City neighborhood and previously housed a student ministry center.
Gebroe-Hammer Arranges $20M New Jersey Sale
Executive Vice President Niko Nicolaou represented the seller of the 60-unit community, and Senior Vice President Adam Zweibel procured the buyer.
Queens Condo Project Lands $21M Loan
Santander Bank originated the construction loan for the 50-unit development in Long Island City, N.Y.
LIHC, Rockport Land $65M for Manhattan Refi
The loan will go towards renovations at the 224-unit Renwick Garden Apartments in the Kips Bay neighborhood.
JLL Secures $21M New Jersey Refi
Director Matthew Pizzolato worked on behalf of the borrower, Point Capital Development.