Northeast
JV Acquires NYC Portfolio for $60 Million
Greystone provided $45 million in bridge financing for the three buildings located in Washington Heights, Morningside Heights and West Harlem.
Affordable Senior Community Breaks Ground in NJ
The new rental community will feature 54 one-bedroom apartments for seniors aged 62 and older, with five units set aside for formerly homeless senior residents.
Solomon Org. Acquires Pittsburgh Community for $41M
The buyer financed the acquisition of the 316-unit property with a $32.4 million Freddie Mac loan originated by M&T Bank.
Pittsburgh Community Changes Hands
The 124-unit Class C property was sold for nearly $5 million. The new owner financed the transaction with a $7.5 million acquisition and development loan.
Jersey City Luxury Tower Launches Leasing
Developed by Ironstate Development and Panepinto Properties, 90 Columbus is the fourth and final phase of The Columbus Collection, a multi-building development which also features retail space and a Residence Inn by Marriott hotel.
Brooklyn Braces for Banner Year
Most of the upcoming multifamily supply is geared toward the market’s Lifestyle segment. That will intensify the borough’s severe affordability crisis.
JV Begins Phase 2 of $1B Hudson Valley Development
SunCal and Diversified Realty Advisors’ Edge-on-Hudson in Sleepy Hollow will comprise 1,177 multifamily units, a 140-key boutique hotel and 165,000 square feet of commercial space.
Standard Communities Nabs Affordable RI Asset
Following the acquisition, the company intends to perform an extensive rehabilitation of the 106-unit Curtis Arms Apartments in Providence.
Boston-Area Community Preserves Affordability for Next 40 Years
Asian Community Development Corp. purchased the Martensen Village in Quincy, mass. The new owner acquired the property under a state law that prevents it from being sold and converted into a market-rate community.
NYC’s First Co-Living Community Coming to Brooklyn
The creator of the world’s largest co-living community will build a 350,000-square-foot property with flexible accommodations, including affordable housing.