Northeast
NYC Public Housing Could Hit Breaking Point by 2027
The New York Building Congress estimates that, in less than a decade, the cost of repairing the city’s aging public housing properties will exceed replacement cost.
Meridian Lands $139M Loan for Upscale Manhattan Project
Luxury residential developer Anbau will use the financing to build a two-tower, 48-unit condo property in the Flatiron District.
Mack-Cali Acquires New Jersey Community for $264M
Roseland Residential Trust, a multifamily arm of the REIT, purchased a 377-unit luxury apartment building in Jersey City, N.J., from seller AEW.
Canyon Partners, Santander Bank Launch Multifamily Impact Fund
Canyon Multifamily Impact Fund IV plans to spend approximately $100 million on affordable housing properties in the Northeast.
Hana Invests in Cottonwood’s Boston Mega-Project
The South Korean alternative asset manager closed its debut investment in EchelonSeaport, a $950 million luxury, mixed-use project under construction in the Seaport District.
Converted CT Community Trades for $28M
Navarino Capital Management purchased the community, a 19th-century mill remodeled in 1988. The property last changed hands in mid-2012 for nearly $17 million.
Luxury NJ Senior Housing Opens Doors
The 73,000-square-foot 85-unit facility is the first assisted living and memory care property built in the borough since 2000, under the management of Chelsea Senior Living.
NYC Mixed-Use Project Advances with 2 Residential Towers
TF Cornerstone is developing the second phase of Hunters Point South, a master-planned community in Queens’ Long Island City neighborhood. The new high-rises will add 1,194 residential units to the site along the East River.
Upscale NJ Community Lands $115M Financing
New York Life REI originated the loan for The Harper at Harmon Meadow, a 469-unit luxury residential project opened last year at the Harmon Meadow mixed-use community in Secaucus.
Northern NJ Community Scores $52M Refi
BNE Real Estate Group developed the 227-unit luxury residential project in Aberdeen. Built in 2018, The Link at Aberdeen Station sits beside NJ Transit’s North Jersey Coast Line.