Northeast
FCP Buys Philly High-Rise for $118M
The 286-unit community is FCP’s fourth acquisition of a Class A property in Philadelphia’s Center City. Also included is a potential development site.
Ultra-Luxury Condo Tower Underway in Philadelphia
Dranoff Properties’ $253 million, 47-story residential high-rise at the corner of Broad and Spruce streets will feature more than 36,000 square feet of amenities.
Dire Warnings Follow New York’s Rent Control Overhaul
Ahead of a looming expiration date for state rent-regulation laws, legislators reached an agreement that many predict will be a severe blow to the real estate industry.
Lonicera Partners Lands $70M for Brooklyn Luxury Development
The acquisition and construction financing from Santander Bank and City National Bank was arranged by JLL Capital Markets for the project at 308 Livingston St.
Boston-Area Community Commands $227M
An affiliate of the DSF Group has acquired the 1,020-unit multifamily property, located in Framingham, from LivCor. The rental community is spread across 27 acres.
JV Lands $415M Loan for Manhattan Tower
Douglaston Development brought in Ares Management Corp. as a partner in its 58-story multifamily project just south of Hudson Yards. The building will offer a mix of affordable and market-rate units.
$560M Redevelopment of Storm-Damaged Community Wraps Up in NYC
A joint venture of MDG Design + Construction and Wavecrest Management completed the rehabilitation of a 1,395-unit public housing community in Far Rockaway, Queens. The project is the country’s largest single-site conversion under HUD’s RAD program.
Luxury Mixed-Use Project Breaks Ground in NY
The 60-unit community is located in the heart of New Rochelle, a suburb of New York City that is in the midst of an ambitious revitalization plan.
NHI Venture Buys Senior Housing Portfolio for $128M
The REIT has teamed up with affiliates of its existing tenant, Discovery Senior Living, to acquire six communities across three states, totaling nearly 600 units of independent and assisted living and memory care facilities.
AvalonBay Starts Development of Mixed-Use Project in New York
Avalon Harrison, located next to a commuter railroad station in Harrison, N.Y., will have 143 luxury rental units and 27,300 square feet of retail along with new parking and public plazas.