Northeast
GFI Realty Appoints New Senior Managing Director
An industry professional with more than 20 years of commercial real estate experience, Matthew Sparks will oversee investment sales activity for the company’s multifamily portfolio in New York City.
Airbnb Sues Boston Over Short-Term Rental Ordinance
The city’s regulations are seen as an effort to maintain housing affordability, but the apartment-sharing giant fights back.
1,000-Unit Affordable Community Breaks Ground in NYC
The development in Brooklyn will be located two blocks from the Coney Island Boardwalk and will include retail and office space.
Welltower, Hines to Build 2nd Manhattan Senior Living Project
The two companies acquired a 9,100-square-foot site in Upper West Side, where they plan to build a 17-story memory care community.
MRC Provides $68M For New Jersey TOD
The funding will be utilized for a two-phase, 640-unit project adjacent to the new PATH train station in Harrison.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in October 2018 in New York City.
Mega-Developments Abound in Philadelphia
Despite a multifamily supply surge in recent years, occupancy in stabilized properties saw only a modest decline of 30 basis points year-over-year in July.
BCB Secures $78M Refi Loan for NYC Portfolio
The six communities are located on Manhattan’s Upper West Side and have undergone $10 million in capital improvements since they were acquired in 2014.
Ismael Leyva Architects Selected for Flushing Mixed-Use Project
The seven-story building will feature 103 rental apartments, 31 of which will be designated as affordable. The development is slated for completion in late 2019.
MA Community Receives $120M Loan
The 392-unit rental property in Cambridge is LEED Silver-certified. Greystar acquired the asset last year as part of its acquisition of Monogram Residential Trust.