Northeast
Philadelphia Multifamily Wrap-Up – April 2020
Affordable project lands $30 million in federal funds. Berkadia expands investment team. Read our April list of Philadelphia must-knows.
New York Extends Eviction Moratorium
Governor Cuomo announced the state would also ban late fees and missed-payment fees during the moratorium period.
RiseBoro Sells Brooklyn Skilled Nursing Facility for $59M
The 240-bed Buena Vida Continuing Care and Rehabilitation Center provides long-term care and short-term rehabilitation.
Nonprofit Lands Financing for Affordable Community
MassHousing and Rockport Mortgage Corp. provided a permanent loan that will preserve and extend the 60-unit property’s affordability.
COVID-19’s Effects on Philly’s Multifamily Market
Rittenhouse Realty Advisors’s Ken Wellar and Corey Lonberger talk about their clients’ most common fears and what to expect from the sector going forward.
93 Realty Buys Boston-Area Property for $74M
CBRE procured the buyer and represented the seller in its disposition of Waltham Overlook in Waltham, Mass.
Massachusetts Workforce Development Lands Financing
MassHousing provided part of the funds for the 12-unit project underway on the former Northampton State Hospital site.
New Jersey Affordable Housing Project Advances With Phase 2
Developer The Michaels Organization expects to deliver the last 60 apartments of the 136-unit community in early summer of 2021.
Luxury Pennsylvania Community Starts Final Construction
The River’s Edge of Oakmont, located in a Pittsburgh suburb, has a mix of single-family and multifamily residences.
Breaking Ground to Begin 508-Unit Brooklyn Project
The nonprofit received approval for its plan to transform a former hotel into affordable and supportive housing in the DUMBO neighborhood.