Northeast
Boston-Area Asset Receives $29M Loan
Reed Realty Advisors will use the proceeds to finance the development of Pac 10 Lofts, a 180-unit affordable housing community in Lawrence, Mass.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in March 2018 in New York City.
JV Secures Financing for Manhattan Luxury Condos
Delancey Street Associates, a joint venture including BFC Partners, L+M Development Partners, Taconic Investment Partners and Goldman Sachs, is developing 202 Broome at Essex Crossing, which will include 83 units and retail and office space. Construction is expected to be complete in 2021.
BET Investments Develops Philly Asset
The property in Media, Pa., includes 162 units and an electric car charging station, a coffee lounge and a game room.
AIMCO Extends Philly Footprint With $445M Portfolio Buy
The company acquired six communities in the metro with a total of 1,116 units from Dranoff Properties. The deal is expected to close in the second quarter of this year, except for the purchase of one property that is expected to close in the first half of 2019.
Manhattan Condo Project Secures $72M
Highline Development Group’s property, 550 W. 29th Street, includes 19 units and more than 5,000 square feet of retail or gallery space.
Pennrose Debuts NJ Senior Redevelopment
The 62-unit independent living community is a $25 million adaptive reuse and historic renovation and adaptive reuse of the Roosevelt hospital, built in 1937.
Manhattan Luxury Condos Land $155M Financing
Sumaida + Khurana and LENY’s 35-story project will be the award-winning architect Alvaro Siza’s first U.S. development and will include 83 highly amenitized units.
On the Market: 5 Interesting Listings for the Week of 4/9
This week’s listings include a mixed-use investment opportunity on Manhattan’s Upper West Side and a newly renovated community in the Denver metropolitan area.
Asset Campus to Manage NY Community
The Brock is situated two blocks from SUNY Brockport University and offers one-, two-, three- and four-bedroom units across a three-story building.