Northeast
JV Secures $70M Loan for NJ Asset
The proceeds of the 10-year loan, arranged by HFF, were used to retire existing construction financing for Steel Works, a 2017-built property in Harrison.
Pittsburgh STEM Growth Drives Rental Market
A diverse and balanced economy has begun to slow the region’s population decline, underpinning multifamily demand. An increasing number of young professionals have begun to call Pittsburgh their home.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in December 2018 in New York City.
Miami Investor Acquires NH Senior Housing Asset
Black Salmon’s $28 million purchase of the New England community marks the commercial real estate company’s first foray in the senior housing sector.
Partially Affordable Brooklyn Community Receives $32M Loan
Caesura is a recently completed, 132-unit residential building in the borough’s Cultural District. HFF Managing Director Steven Klein and Senior Director Geoff Goldstein worked on behalf of the borrower.
Philadelphia Mid-Rise Receives Freddie Mac Refi
Hunt Real Estate Capital has secured a $5.9 million loan for the recently completed Terrace Lofts, a 32-unit community located the city’s Manayunk neighborhood.
Jonathan Rose Cos. Sells Affordable NJ Asset
SVN Affordable assisted the company in the $47.5 million sale of St. Mary’s Villa, an age-restricted property encompassing 360 one-bedroom units.
Meridian Senior Living Acquires 2 RI Communities
Totaling 272 beds, Chapel Hill and Smithfield Woods include assisted living, memory care and skilled nursing services. The company will also manage the assets.
MA Passes Law to Tax, Regulate Short-Term Rentals
The new legislation is aimed at operators like Airbnb, which filed a lawsuit against the city of Boston over its regulations in November.
The Impact of Amazon HQ2
Peter Muoio of Ten-X offers his insights on how Amazon’s second headquarters will impact New York City and Northern Virginia.