Northeast
Top 5 NYC Multifamily Sales—July 2020
PropertyShark compiled the top 5 multifamily sales recorded in July 2020 in New York City.
S.Hekemian Group Lands $116M Loan for New Jersey Project
JLL arranged the construction financing for the North Market development in Bergen County.
Upscale Brooklyn Community Sells for $45M
The seller, American Realty Advisors, acquired the 62-unit Williamsburg asset for $56 million in 2012.
Top 10 Multifamily Projects Under Construction in Boston
As of July, the metro’s pipeline included 100 projects totaling some 20,600 units, according to Yardi Matrix data.
Nonprofit Receives $27M for Affordable Senior Community
The 160-unit property located 16 miles south of Boston will undergo important upgrades, including $6 million in renovation works.
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.