Northeast
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.
New Jersey Workforce Housing Portfolio Sells for $146M
An international investor scooped up the seven communities totaling 1,035 units from Murnick Property Group, which has operated and maintained the buildings for the past half-century.
L+M, Invesco Partner for $1.2B NYC Housing Deal
The duo agreed to buy more than 2,800 market-rate apartments in Manhattan from Urban American and Brookfield Asset Management and will restore the affordability of more than 1,800 units.
Bell Partners Buys Boston-Area Community
Vinnin Square Apartment Homes in Salem will be renamed and managed by the firm, bringing its current operations in the Boston metro to seven properties.
Podcast: Unpacking New York’s Rent Law Changes
Jonathan Woloshin of UBS discusses the significant impact these reforms could have on the multifamily investment business in New York and the rest of the country.