Northeast
NJ Community Lands $19M Fannie Mae Loan
AMS Acquisitions purchased the 85-unit Silk Lofts, an adaptive reuse of a former Maidenform factory in Bayonne, N.J.
Top 10 Boston Apartment Owners
Despite rising multifamily property prices, the city has been attracting attention from major investors due to its growing economy and population, as well as its relative affordability.
Boston Conversion Project Lands $160M in Financing
The Archer Residences at Beacon Hill is a redevelopment project of the former Suffolk University Law School buildings, set to bring 70 luxury condominiums to the Beacon Hill neighborhood.
Sales Brisk at Manhattan Development
Since the topping out of the first of three towers at the Waterline Square residential project in October, GID Development Group reports that the community represent the city’s fastest-selling new development by dollar volume and by the number of units sold in 2017.
Hunt Mortgage Group Refinances NJ Quintet
The company furnished $15.2 million for Freddie Mac Small Balance Loans. Proceeds will be used to continue to improve the properties, as well as finance future acquisitions.
Upstate NY Affordable Senior Project Breaks Ground
Durand Senior Apartments in Irondequoit is set to provide 70 units and will include on-site health-care facilities.
Manhattan Skyline Management Hires New VP
Chris Dell’Armo is the newest vice president of sales, leasing and marketing, bringing more than 10 years of experience in the industry.
Meridian Secures $4M Loan for CT Community
The 40-unit Chapel Street Lofts in New Haven has undergone recent renovations including flooring, kitchen appliances and security system upgrades.
Carmel Partners Expands Into NJ
Marking the firm’s first investment in the state, the company purchased Hunters Glen in Plainsboro Township and plans on updating interiors, renovating the exterior and improving amenities.
Airbnb Intensifies Gentrification Across NYC Communities: Report
According to a ShareBetter coalition report, short-term rentals have removed as many as 13,500 housing units yearly, with 66 percent of revenue being derived from illegal listings.