Northeast
Brooklyn Mixed-Use Tower Breaks Ground
A joint venture between Greenland Forest City Partners and The Brodsky Organization is developing 18 Sixth Avenue, an 859-unit mixed-income property within the Pacific Park community. Construction is slated to be complete in 2022.
NYC Chalks Up $15M Affordable Housing Preservation Deal
Stakeholders from the government, non-profit and private sectors worked together to buy three apartment buildings in Queens, which will be kept rent-stabilized under the Neighborhood Pillars Program.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in March 2019 in New York City.
$27M Financing Earmarked for Brooklyn Development
Madison Realty Capital provided the loan for a new 68-unit mixed-use residential building and the rehab of a two-story community next door.
NorthMarq Capital Arranges $16M Refi for NJ Community
The 10-year Freddie Mac financing for the 227-unit Village Manor in the western Manhattan suburb of Nutley retires an existing CMBS loan.
Top 5 Multifamily Transactions in Pittsburgh
While investment volume across the metro has fallen sharply since 2017, investors are shifting focus to suburban locations where value-add deals present higher yields.
Brooklyn’s Tallest Building Tops Out
Extell Development Co.’s Brooklyn Point stands 720 feet tall. The luxury property will include 458 condos as well as the highest rooftop infinity pool in the Western Hemisphere.
Invesco Sells Philadelphia High-Rise in $30M Deal
HFF facilitated the sale of the 15-story historic apartment building to a joint venture between The Carlyle Group and Alterra Property Group.
Hello Living Lands $32M Refi for Brooklyn Project
Madison Realty Capital and Bluestone Group provided the financing for the developer’s 15-story, 55-unit luxury rental project in Prospect Lefferts Gardens.