Northeast
NYC Condos Get $45M for Historic Restoration
CIT Group’s Real Estate Finance division arranged the loan for developer Knightsbridge Properties. The Tribeca luxury building includes 13 units.
KRE Group JV Secures $210M for Jersey City Tower
In a partnership with National Real Estate Advisors, the firm closed on the permanent loan for the first of three residential buildings within its mixed-use Journal Squared development.
Rittenhouse Realty Facilitates Sale of Philly Luxury Property
The new building features several interior and exterior high-end amenities and provides residents with immediate access to the city’s busiest areas.
On the Market: 5 Interesting Listings for the Week of 8/17
This week’s list of properties includes a high-end community in Oakland, Calif.; a vintage asset in the Detroit metro area; and an under-construction mid-rise in Jamaica, N.Y.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in July 2018 in New York City.
MD Multifamily Buyer Lands $34M Financing
The first mortgage bridge loan provided by Hunt Real Estate Capital financed the acquisition and planned renovations of a 208-unit community in Pikesville, Md.
Brooklyn Tower Lands $380M Refi
Natixis arranged the loan on behalf of Douglaston Development for Level BK, a 40-story property located along the Williamsburg waterfront. Luxury amenities include an indoor/outdoor pool, a 24-hour business center and a furnished roof deck.
Goldman Sachs Snags 821-Unit Philadelphia Community
The purchase of Chestnut Hill Village marks the company’s 18th investment, bringing its total portfolio to 5,600 units. HFF worked on behalf of the new owner to arrange a 10-year, fixed-rate acquisition loan.
Modern Meets Holistic: Designing Healthy Homes
Integrating green spaces into a community is not just an aesthetics decision. Architects are more and more devoted to designing healthy buildings, that not only please the eye, but also offer a sense of well-being. Brooklyn’s 550 Vanderbilt and 535 Carlton include biophilic elements that bring nature at residents’ doorstep.
Boston Luxury Community Trades for $43M
Grossman Cos. teamed up with The Waypoint Cos. to sell the recently completed, 80-unit property situated in the Allston neighborhood.