Northeast
Meridian Capital Group Arranges $46M for NJ Community
Castle Lanterra Properties’ property, called The Lena, in Raritan includes 224 units and fitness on demand, underground parking and an automated package system.
Stamford Waterfront Community Opens Doors
Building and Land Technology’s Harbor Landing Apartments sits within a mixed-use development encompassing restaurants, a new boatyard, marina and a boardwalk.
JV Completes Phase II of NJ Luxury Tower
SJP Properties, Northwestern Mutual Life Insurance Co. and PGIM Real Estate have finished work on The Modern in Fort Lee, which comprises 900 units and a bowling alley, an arcade room and an infinity pool.
Leasing Begins at Jersey City Luxury Apartments
The Hampshire Cos. and Claremont Cos. are developing RIVET, which includes 163 units and 10,000 square feet of retail space. The property is expected to be completed in July.
Dalan Management, Elion Partners Acquire Adjacent 2 Assets in Manhattan
The joint venture purchased adjacent buildings on the Upper West Side, totaling 68 units, for $66 million from AAG Management.
Cartus Selects New CEO
Katrina Helmkamp will step up as the leader of Realogy Holdings’ relocation services subsidiary, building on executive roles at Lenox, SVP Worldwide and Whirlpool.
JV Secures $251M for NYC Condo Project
CB Developers, SK Development and Ironstate Development are constructing 646 11th Ave. in the Hell’s Kitchen neighborhood. When completed, the community will include 222 condos and 60 for-sale storage units.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in May 2018 in New York City.
Cornerstone Arranges $14M for MA Asset
Langley Terrace in Newton currently comprises three buildings and one two-family home, which will be leveled in order to construct a three-story apartment asset. Construction is scheduled for completion by June 2019.
Brooklyn Luxury Community Receives $68M
Canadian Imperial Bank of Commerce originated the two-year loan for Trinity Place Holdings’ building, which features 105 units and 6,200 square feet of retail space.