Northeast
Royal Capital Group Breaks Ground on Affordable WI Community
The $20.3 million development will feature 94 units. UnitedHealthcare is the largest private investor, providing $5.4 million in equity funding.
Meridian Sells Brooklyn Community for $18M
The firm sold the 60-unit, post-war building to S. Antonio Realty. The average unit size is 1,050 square feet.
Radnor Property Group Opens Vue32 in Philly
The $55 million project includes 164 units and roughly 14,000 square feet of first-floor retail space. A second phase is slated to open in November 2018.
NY Nursing Facility Lands $25M Refi
Greystone provided the HUD-insured loan for Adira at Riverside Rehabilitation & Nursing in Yonkers, N.Y. The financing carries a 30-year term at a low, fixed rate.
Greystar Nabs NJ Community for $70M
Cushman & Wakefield represented the seller, Invesco Real Estate, in the disposition of the amenity-filled, 115-unit property located in Hoboken, N.J.
Jehovah’s Witnesses Sells Historic Brooklyn Asset
Formerly a hotel known as “the aristocrat of Brooklyn Heights,” the 295-unit The Towers will be redeveloped into Brooklyn’s first luxury senior housing community.
In Case You Missed It: MHN’s Top 5 Posts in October
Miss out on any of our articles? Catch up with five of our most popular posts for the month.
Greater Boston Development Ready for Move-in
Meriel Marina Bay has reached a new milestone. The South Building of the property is now open and welcoming new occupants.
JV to Build 274 Affordable Units in Brooklyn
HPD and HDC designated the joint venture between MHANY Management, Urban Builders Collaborative and Cypress Hills Local Development Corp. to develop Chestnut Commons, which will be East New York’s largest affordable community.
Meridian Capital Arranges $50M Construction Loan
SAMTD Woodbridge LLC will use the financing for the development of The Grande at Metro Park, a 232-unit apartment community in Iselin, NJ. The buildings will feature an 8,200-square-foot retail space.