Northeast
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for August 2017 in New York City.
Top 10 Manhattan Apartment Owners
Although rent increases in New York City have slowed down, demand continues to be high and investors still consider the borough a red-hot market. MHN has compiled a list of Manhattan’s top owners based on data from Yardi Matrix.
Berkshire Group Debuts 2 Boston Towers
The company developed The Benjamin and VIA, part of the $600 million One Seaport development, the largest mixed-use project in the area in more than 30 years.
Peak Campus Launches Theory Brand
The company is introducing its brand at two new student housing developments in Raleigh, N.C., and Syracuse, N.Y. Theory Raleigh and Theory Syracuse are slated for completion by the fall of 2018 and will feature a combined 1,126 beds.
Kushner Cos. Lands 1,032-Unit NJ Community
A joint venture between Angelo, Gordon & Co. and Candlebrook Properties sold the asset in Plainsboro, N.J. The buyer assumed the in-place debt on the property.
Russo Development Begins Work On NJ Apartments
Once construction is complete, Vermella West will add 280 apartment units to the Northern New Jersey submarket. The property will comprise four residential buildings and more than 15,000 square feet of amenity spaces.
HFF Arranges Sale of DE Apartment Community
The 301-unit apartment community known as Brandywine Hundred Apartments changed hands for an undisclosed price. The property is located near major thoroughfares and is 20 minutes away from the Philadelphia International Airport.
Sales Start for NJ Luxury Waterfront Condos
The two-building Park and Shore is Strategic Capital’s first Jersey City development and the Newport neighborhood’s first condominium project in the last eight years.
Boston Affordable Housing Gets $14M Renovation
LIHC Investment Group and Weston Associates received financing that will keep the 380-unit Shore Plaza Apartments affordable for the next 20 years.
Radnor Starts Work on Philadelphia Apartments
The Hamilton, located on the Community College of Philadelphia’s campus, includes two buildings and 500 apartments. The building follows the recent housing trend for students, which features smaller units and maximized amenity spaces.