Northeast
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.
Solomon Org. Expands Pittsburgh Holdings
Siara Management sold the 308-unit Class B property in Moon Township, Pa. M&T Bank provided the new owner with a 15-year acquisition and development loan.
LCS Adds 2 Senior Living Communities to Growing Portfolio
The senior living operator acquired two Life Plan communities located in Essex, Conn., and Palm City, Fla.
Rittenhouse Arranges Sale of PA Apartments
The boutique residential building was acquired by a local long-term holder that plans to renovate the property.
Arbor Realty Trust Hires New EVP, CTO
Howard Leiner has stepped up as the company’s newest executive, after occupying various technology positions with Goldman Sachs and Deutsche Bank.