Northeast
Pittsburgh’s Growth Spurt
Although underperforming against the U.S. average, the city’s multifamily market has stayed relatively stable.
E&M Management Buys 2 NY Properties
The two communities, located in Port Ewen and Kingston, traded for $44 million. The purchase was funded with a $33 million loan.
Gebroe-Hammer Arranges $26M Sale in Bethlehem, PA
The townhome community comprises two-, three- and four-bedroom units and is located near the city’s historic center, as well as several large employers.
Victor Group, Lendlease Top Out on NYC Skyscraper
The 55-story, ultra-luxury 277 Fifth Avenue condominium tower, designed by Rafael Viñoly, will feature 130 one- to four-bedroom apartments.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales recorded in February 2018 in New York City.
Tryko Partners Buys Philly-Area Skilled Nursing Facility
The 129-bed facility, located next to the Fitzgerald Hospital in Yeadon, Pa., provides post-hospital care, short-term rehab and long-term residential care.
RRA Sells 6 in Temple University Area
Temple University contributed to the area’s recent revitalization and proved to be a good driver for the surrounding real estate market.
PA Community Receives $9M Freddie Mac Loan
The borrower used the current loan to pay off debt service and prepayment penalty, while also recovering trapped equity, which will be reinvested into the apartment community.
The DSF Group Sells Boston-Area Community for $76M
Located in the eastern part of Worcester County, Halstead Westborough provides a total of 280 units, spread across 13 residential buildings.
2018 NYC Investment Predictions: Douglas Elliman
Team leader Yair Tavivian discusses the up-and-coming New York neighborhoods, as well as the biggest surprises of last year and how he sees them playing out.