Northeast
GMH Capital Partners Opens PA Upscale Asset
The Pendleton at Cranberry Woods is 25 minutes north of downtown Pittsburgh and offers 320 units.
Harbor Goup Sells $25M MD Community
Annen Woods is located near the Baltimore Beltway and includes 131 units across 11 three-story buildings. The new owner is planning to upgrade 90 apartments and several common-area amenities.
Tishman Speyer to Develop 480-Unit Brooklyn Tower
The luxury community 11 Hoyt, the company’s first ground-up New York City condo project, will feature 190 floorplans and on-site parking.
Boston Financial Closes $145M LIHTC Fund
The financing covers properties in 11 states, and includes 2,800 units of affordable housing for 11 multifamily and six senior communities.
Paramount Assets Reaches Halfway Point on NJ Luxury Mixed-Use
William Flats is an adaptive reuse of the former United Women’s Garment Workers’ Union headquarters in Newark and is scheduled for completion by October 2018.
Kushner Buys 360-Unit NJ Property
The company has acquired Prospect Place, a two-building community located in Hackensack, N.J., from Greystar.
Makepeace, Campanelli to Develop MA Asset
The joint venture is developing the Apartments at Redbrook in Plymouth, a 184-unit community that includes a swimming pool, a fitness center and sub-grade parking.
HFF Secures $86M Financing for Manhattan Luxury Community
The company arranged the loan on behalf of Joy Construction, Maddd Equities and the family of the late Lewis Katz for the refinancing of The Lewis, a 186-unit luxury building in the growing Hudson Yards neighborhood.
Manhattan Apartment Prices Continue to Drop: Halstead
The median cost has remained unchanged from quarter four of 2017 but dropped 1 percent from the previous year, according to the company’s most recent report.
Hamilton Zanze Snags 518-Unit CT Portfolio for $63M
The two communities located in the Westlake District of Middletown, Conn., changed hands in a deal brokered by IPA.