Northeast
Affordable NJ Community Changes Hands
The new owner acquired Berkeley Terrace for a price tag of $12.2 million and plans to invest in extensive renovations. The project is slated for completion by August 2018.
Omni Breaks Ground on $68M Affordable Bronx Community
The 15-story Morris II Apartments will comprise 154 units with a 4,000-square-foot ground-floor community space, and 30 percent of the units will be permanently affordable.
Corcoran Sunshine Marketing Group Makes Promotion
With more than 11 years at the company, Norma-Jean Callahan will head up sales efforts for the newly launched Waterline Square, a 2.2 million-square-foot luxury condominium project in Manhattan.
Eds and Meds Spur Growth in Pittsburgh
Once a predominantly blue-collar city, the area today relies on a diversified innovation economy and a highly educated workforce.
Post-Recession Apartment Boom Earns Long Island City Top Spot
Of all the apartment construction we witnessed in the past few years, 10 U.S. neighborhoods stand out for the greatest numbers of apartments built in the post-recession rental boom era.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for June 2017 in New York City.
Luxury Condos Break Ground in Boston Area
A joint venture of Callahan Construction Managers, A.W. Perry and Boston Andes Capital will build Brio, a 77-unit waterfront property in Hingham, Mass.
Greystone Secures Largest HUD Loan for Nursing Facility
The $78.4 million refinancing for the 510-bed property in Brooklyn, N.Y., follows a $20 million capital improvement plan implemented by Centers Health Care.
Rosewood Closes $83M Queens Sale
President Aaron Jungreis represented both the seller and the buyer in the exchange of the 343-unit portfolio. The seven buildings were constructed between 1913 and 1941.
NJ Community Changes Hands in $73M Deal
The Addison at Princeton Meadows was built in 1981 and offers studios and one- and two-bedroom units. It was purchased free and clear of existing debt.