Northeast
Aura Properties Breaks Ground on MA Mixed-Use Project
The company is developing the five-story, 42,000-square-foot building in Brookline, with a completion date scheduled for next August.
Journal Squared’s Tallest Building Underway in Jersey City
Construction is in progress at Kushner Real Estate Group’s 71-story, 704-unit tower that’s part of the three-building Journal Squared project in New Jersey.
Luxury Tower Completed in Manhattan
Torkian Group’s 223-unit residential building near the Empire State Building features a complex cantilevered design. The project’s location near rail tunnels and Penn Station posed logistical challenges for Cauldwell Wingate, the project’s construction manager.
NJHMFA Breaks Ground on Philadelphia-Area Affordable Community
Freedom Village at Gibbsboro will include 72 affordable rental units, with 18 units set aside for residents with special needs.
Harbor Group-Led JV Buys NY High-Rise for $260M
HFF marketed the 40-story luxury tower in Westchester County exclusively on behalf of the seller, Boston-based DSF Group.
MassHousing Provides $24M Loan for Boston-Area Asset
The agency closed on the tax-exempt financing for a recently built 108-unit mixed-income community in Chelmsford. The transaction involved the use of recycled private activity volume cap.
JV Breaks Ground on NY Student Housing Community
Upon completion in May 2020, the 64,000-square-foot property will offer 80 units serving students attending Columbia University. The development is located adjacent to the university.
Cutting Costs, Overcoming Construction Challenges in NYC
Broadway Construction Group’s Joseph Aiello shares his insights on the role value engineering plays in the development challenges.
Hunt Provides $120M Loan for Bronx Affordable Housing
More than 1,000 units of public housing in the neighborhood of Mott Haven will get needed repairs through the federal Rental Assistance Demonstration program, but remain affordable to residents.
NYC’s New Financing Landscape
How can brokers stay active in a market where an increased number of lenders and intermediaries are chasing fewer deals?