Northeast
Pacific Urban Expands in Northeast With $98M Buy
The California-based apartment investment company acquired a 217-unit property next located in Morristown, N.J.
JV Breaks Ground on Jersey City Tower
The 38-story high-rise marks the latest project in the city for KRE Group, which is building several other properties in the downtown area.
Brooklyn Luxury High-Rise Gets $52M Refi
Freddie Mac provided the financing under the Lease-Up Loan Program for the new 110-unit project.
Fairstead Affordable Buys Harlem Apartments for $76M
A HUD Project Based Section 8 contract and HPD Article 11 regulatory agreement will enable the multifamily portfolio to remain affordable for 40 years.
A Project for the Next 100 Years: Clippership Wharf
Lendlease’s Nicholas Iselin takes us behind the scenes of Clippership Wharf, a project that challenged the norms of planning for the sake of sustainability and climate resilience.
Mack-Cali Chalks Up $820M in Boston, New Jersey Trades
The REIT has completed the $409 million purchase of Liberty Towers in Jersey City as part of a 1031 exchange.
JV Acquires New Jersey Value-Add Community
Chatham Village Apartments was sold by Madison Hill Properties for $35.3 million.
Manhattan Communities Get $119M Refi
The owner secured the Fannie Mae financing in preparation for the expiration of the city’s 421a tax abatement program.
Dwight Capital Originates $66M in Refi Loans
The multifamily lender scored HUD financing for two communities in New York and Nevada totaling 468 units.
Brooklyn Affordable Community Breaks Ground
Pennrose and RiseBoro Community Partnership are building the 218-unit development in the East New York neighborhood.