Northeast
Related, Atria to Target $3B in Senior Housing Pipeline
The two companies are planning luxury high-rise properties in major U.S. markets, starting with New York City and San Francisco.
Boston Waterfront High-Rise Receives Financing
HFF has facilitated $341 million in construction financing and joint venture equity for Cronin Development’s luxury condominium tower, which is underway in the Seaport District.
IPA Sells CT Multifamily Property
Located in Groton in a quiet country setting, the 2004-built property encompasses 14 buildings totaling 399 units.
Manhattan Market Gains Momentum
Rents, occupancy and development are all on the rise. The financial sector, in particular, is providing an influx of affluent residents looking to live in the borough’s most popular neighborhoods.
Genesis Cos. Launches $20M Rehab of NJ Apartments
Vista Village Apartments in East Orange, a former public housing facility, is a 100-percent affordable building that includes 180 units.
Boston Luxury Property Gets $294M
Cronin Development is moving forward with construction of the 22-story, 144-condo project, The St. Regis Residences, Boston, and expects it to be completed by 2020.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in September 2018 in New York City.
JV Launches Sales at NYC Condo
Tamarkin Co. and CL Investment Group’s 13-unit building on the Upper West Side was previously a private school.
Rent Growth Rebounds in Boston
The metro’s multifamily development pipeline remains steady, yet demand is once again outpacing supply. Monthly rates rose 2.9 percent year-over-year.
HAP Investments Promotes Andrea Lawrence to Deputy CEO
Lawrence, who has been with the company since 2013, will work with Co-Founder & CEO Eran Polack to plan, develop and manage the firm’s real estate portfolio.