Northeast
Odin Properties Trades Philadelphia-Area Community for $32M
The company picked up the asset for less than half the price back in 2014 and carried out extensive renovation and repositioning work.
Progress Capital Lands $26M for Mixed-Use Jersey City Project
The development, which is being built on the site of the former Fairmount Hospital, will feature 99 luxury apartments and 2,240 square feet of ground floor retail.
Greystone Sells Brooklyn Asset for $10M
The company acquired the landmarked property, built in 1910 as Public Bath No. 7, in 2014, then undertook and completed a substantial renovation of the Renaissance Revival-style structure.
Arbor Realty Adds New SVP
Bill O’Brien will oversee the growth and development of agency production after serving for 10 years as director of multifamily at Fannie Mae.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in April 2018 in New York City.
82-Unit Redevelopment Property Debuts in NJ
The Hampshire Cos., Claremont Cos., NAI James E. Hanson and Provident Bank began work on an 119,000-square-foot building in Hackensack. The asset is part of the city’s rehabilitation plan.
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.