Northeast
Related, Hudson Cos. Top Out Affordable Housing Project
The 340-unit building is the first newly built, permanently affordable housing to be developed on New York City’s Roosevelt Island.
JV Breaks Ground on Brooklyn Mixed-Use Project
Developed by START Treatment & Recovery Centers, Delshah Capital and OTL Enterprises, the 20-story will offer 180 housing units, as well as office, retail and community space.
NYC Affordable Portfolio Lands $192M in Financing
A joint venture secured the fixed-rate financing to acquire and renovate 1,321 affordable housing units in Brooklyn.
Philadelphia-Area Value-Add Properties Change Hands
Rittenhouse Realty Advisors sold Maple Grove Apartments and Royersford Gardens, two apartment communities located in Montgomery and Bucks Counties.
JV Lands $43M Refi for Jersey City Project
Working on behalf of The Hampshire Cos., Claremont Cos. and Circle Squared Alternative Investments, JLL secured the loan for a mixed-use development in the center of Jersey City’s emerging University Place neighborhood.
Halfpenny Management Picks Up Lehigh Valley Community
Birchwood Commons, a 96-unit residential property in Bethlehem, Pa., was completed last year. A Berkadia team orchestrated the sale and arranged the acquisition financing.
Affordable Senior Housing Project Wraps Up in NYC
Foxy Management and Alembic Community Development built the Bronx project, 1880 Boston Road, in conjunction with city organizations. The 168-unit property has a price tag of about $77.8 million.
Q&A: Sustainable Operations Practices From FirstService Residential
Kelly Dougherty, director of energy management at FS Energy, explains how the company handles expenses and maximizes operating budgets to enhance building efficiencies.
Senior, Disabled Community in Boston Area Scores $10M Loan
The owners refinanced Peter Sanborn Place through a MassHousing loan and intend to implement an improvement program.
BH3 Buys $195M Loan on Distressed NYC Skyscraper
The real estate investment firm has taken over the defaulted mortgage on 125 Greenwich St., an 88-story luxury condo tower in Manhattan’s Financial District that topped out earlier this year.