Northeast
Brooklyn Developer Says Hello to the Bronx
Hello Living will develop 104 units on the former site of a parking lot in the borough’s Morrisania section.
RYBAK Development Lands $48M Loan for Brooklyn Project
The Carlton Group Ltd. arranged the construction financing for the 20-story Sea Breeze Tower, located in Coney Island.
Carnegie Mellon Purchases Pittsburgh Community
A private investor traded the 78-unit multifamily property for $17 million. The new owner plans to renovate the building and repurpose it as dedicated university housing.
Vintage School’s New Assignment: Mixed-Income Community
Vacant since 1980, the 122-year-old school building will be transformed by Pittsburgh’s housing agency into 35 residential units.
Affordable Pittsburgh Asset Receives HUD Loan
Maple Ridge, which was acquired by Telesis Corp. this spring, is a 91-unit Class C rental property located in the East Hills submarket.
JV Pays $150M for Brooklyn Senior Housing Community
Located in Bay Ridge, Shore Hill Housing consists of two interconnected 14-story towers totaling 558 units for low-income senior residents.
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.