Northeast
Related Cos. Sells Affordable South Bronx Community
Prana Investments purchased the 252-unit River Court and Gerard Court. Hodges Ward Elliott’s Daniel Parker, Paul Gillen and Ariel Tambor acted on behalf of the seller.
Philadelphia Multifamily Report – Summer 2019
Young professionals attracted by the metro’s tech magnet continue to fuel demand for housing.
Why Invest in Philadelphia’s Multifamily Market
Morgan Properties’ Christine Beechan shares her views on the metro’s fundamentals and discussed the company’s expansion strategy in Pennsylvania and beyond.
Strategic Capital Scores $70M Loan for NY Tower
NKF arranged the financing on behalf of the Chinese-backed developer. The 213-unit luxury community in Yonkers, River Club at Hudson Park, is currently being leased.
Why Co-Living Is Here to Stay
Bungalow CEO & Co-Founder Andrew Collins makes the case for co-living as a solution to the affordable housing crisis and discusses his company’s most recent expansion.
NY Student Housing Asset Changes Hands
The community serves students attending Binghamton University and includes units raging from one- to six-bedrooms. Vesper Holdings acquired the asset.
Brooklyn Mixed-Income Tower Lands $178M Loan
Completed in 2018, the 26-story community received the new financing through the New York State Housing Finance Agency’s 80/20 Housing Program. Rose Associates and Benenson Capital Partners are the developers.
Queens Multifamily Report – Summer 2019
The borough’s rents increased just 0.6 percent year-over-year through April, partially due to New York City’s pressing affordability issues and regulatory uncertainty.
Philadelphia-Area Property Lands New Owner
HFF arranged the sale of Riverwalk at Millennium in Conshohocken, Pa., to Relative Properties and secured Freddie Mac financing for the buyer.
Affordable Community Breaks Ground Near UMass Amherst
Fountain Residential Partners and HC2 Capital are developing the 150-unit property in Sunderland, Mass., which will include 38 homes for lower-income residents. The project is located just north of the UMass Amherst campus.