Northeast
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.
Keeping Up With Supply in Baltimore
As the multifamily development boom continues, demand remains strong in the metro, bolstered by consistent job gains in high-earning sectors.
Castle Lanterra Hires Chief of Staff
Mischa Edwards has roughly 10 years of management experience and will also serve as head of client services, overseeing the investor/client reporting and support process.
Megalith Capital Management Adds New SVP
Matthew Lobron will focus on the firm’s residential and commercial ground-up development activities, after serving various roles at Zeckendorf Development and Extell Development Co.
Development Gears Up for Banner Year in Queens
The transit-oriented development boom continues in the New York City borough, which gained more than 1,000 new apartments through July.
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.