Northeast
LichtensteinRE Closes $11M All Cash Sale
The off-market sale of the renovated multifamily property in the Bronx’s Tremont neighborhood offers an excellent investment opportunity as rents increase.
Brooklyn Development Lands $15M
The bridge loan will finance a three-building development of residential units over street-level retail in an accessible part of the city’s Bedford-Stuyvesant neighborhood.
Philly Apartment Portfolio Trades for $8M
The two properties are within five minutes’ distance of each other. New ownership will seek to improve value by renovating specific aspects of the communities.
Transit-Oriented Development Accelerates in Queens
An expanding pipeline and affordability issues are putting pressure on rent growth, but the borough’s multifamily market continues to show signs of long-term stability, due to New York’s overall strong fundamentals.
What Does De Blasio’s Re-Election Mean for NYC Affordable Housing?
During his campaign, Mayor Bill de Blasio pledged to expand his focus on affordable housing. Standard Communities Co-Founders Scott Alter and Jeff Jaeger weigh in on how his re-election will impact affordable housing developers and renters.
Luxury Boutique Community in Brooklyn Hits the Market
Meridian Capital Group will handle the sale of the recently completed Brooklyn Grand, a two-building residential and retail development in Williamsburg.
Pittsburgh Reveals Its Strength
The region’s universities continue to provide a skilled workforce for the technology, robotics, education, health-care and financial sectors, pushing the city’s economy forward and sustaining multifamily demand.
NCC Acquires Newark Section 8 Housing for $160M
NCC and Greystone Affordable Development have facilitated the acquisition of four New Jersey properties totaling 842 units. The deal includes funding for the rehabilitation and the long-term preservation of the properties as subsidized rental housing.
Colliers Secures Financing for Boston-Area Apartments
The Pioneer will be a 286-unit luxury apartment community, located in Everett, Mass. The six-story building will provide on-site retail and leisure amenities.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for October 2017 in New York City.