Northeast
Bellwether Enterprise Selects New VP
Ilya Weinstein will oversee loan production for affordable housing properties throughout New York City and the northeastern U.S., bringing to this new role more than seven years of mortgage lending experience.
Delancey Street Associates Opens NYC Condos
The 55-unit building called 242 Broome is within the Essex Crossing development on Manhattan’s Lower East Side and includes a formal dining area, a children’s lounge and a furnished rooftop.
Millbrook Realty Capital Adds New Managing Director
Uanderson Benedetti will handle the origination of short-term bridge loans on multifamily properties, mixed-use buildings, condominiums and hotels, focusing on growing the company’s lending platform.
Modern Spaces Tapped to Lease Brooklyn Mixed-Use
The transit-oriented BRiQ features 110 units, 22 of which offer 421-a tax incentives as part of New York City’s Inclusionary Housing Program.
NYC Community Lands $53M Refi
Walker & Dunlop arranged the 12-year, fixed-rate loan on behalf of the developers, Quinlan Development Group and Lonicera Partners, for 153 Remsen in Brooklyn Heights.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in June 2018 in New York City.
HFF Secures Loan for 71-Building Student Housing Portfolio
The $20 million in financing was used to purchase the buildings, which include 383 beds serving students attending Lehigh University in Bethlehem, Pa.
Creating Legacy Landmarks: Renderings vs. Reality
Location, timing and the team—these are the key ingredients that JDS Development Group considers when deciding to take on a new project. Founder & Managing Partner Michael Stern discusses the company’s main projects and strategy.
Capitol Seniors Housing Acquires NJ Community
Siena in Cinnaminson Township was developed as a condo building and will be converted to apartments. The company plans to add units and a fitness area, a yoga studio and a card room.
WinnCos. Breaks Ground on Boston Veterans Housing
The Residences at Brighton Marine is the first of its kind to offer mixed-income housing in Boston since World War II. It will include 102 units and on-site services and is scheduled for completion by December 2019.