Northeast
NY Skilled Nursing Portfolio Lands $75M Financing
The 561-bed Optima Portfolio comprises three skilled nursing assets in the New York City area. The acquisition loan was funded through HUD.
FirstService Residential to Manage NJ Properties for Alfred Sanzari
The portfolio includes 535 units in Bergen and Middlesex counties and is nearly 100 percent occupied. This is the first time Alfred Sanzari has partnered with a third-party manager.
CT Community Lands $53M Refi
The 468-unit Broadmoor Apartments in Hamden received a 10-year refinancing loan, arranged by Meridian Capital Group.
Eastern Consolidated Arranges $350M Loan for NY Condos
JD Carlisle Development Group and Fosun International are building a 66-story luxury property in Manhattan. Adam Hakim, James Murad and Andrew Iadeluca secured the financing for the project.
Abodez Acorn Develops TOD in Cambridge
Park 77, a 93-unit community in the Alewife neighborhood, will include a dog-grooming station, underground parking and bicycle storage.
Asset Campus to Manage PA Student Housing
The 345-unit pet-friendly community evo at Cira Center South serves the University City Philadelphia.
Solow Building Launches Luxury NYC Condo Sales
The 43-story 685 First Ave. in Midtown East offers 148 units and a screening room, a 70-foot indoor lap pool and a children’s play room.
NJ Asset Lands $31M Loan
Capodagli Property Co. will use the construction mortgage from Sterling National Bank to build 172 units in the first phase of Meridia Brownstones in Rahway.
Rittenhouse Realty Sells Again in Philly’s Fishtown
The property, originally constructed in the late 19th century, was transformed into a luxury community and features a ground-floor commercial space currently leased to Fishtown Brewery.
Is New Jersey’s Investment Landscape in for a Treat?
Jeff Holzmann, managing partner of iintoo, discusses the company’s investments in Garden State and why Newark looks like the right candidate for Amazon HQ2.