Northeast
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.
Trammell Crow Breaks Ground on Garden-Style MA Apartments
Alexan Billerica, a three-building, 178-unit community in Billerica, Mass., is expected to be completed in December of 2018.
Walters Group Develops Senior Housing on Jersey Shore
Cornerstone at Seaside is expected to revivify a neglected area that has needed redevelopment for years because of the damage from Superstorm Sandy.
Jamestown Nabs $145M for Manhattan Apartments
Capital One provided the loan for 88 Leonard St., a 21-story, 352-unit luxury building located in Manhattan’s Tribeca neighborhood.
Jersey City Apartments Open
Fisher Development Associates has opened Vantage, a 448-unit apartment development in Jersey City, N.J.
Employment Gains Spur Growth in Philadelphia
An evolving wage structure, influx of young professionals and boom in hospitality and development are helping the city’s multifamily market keep its head above water.
Manhattan Sale Prices Drop: CityRealty Report
The study found that the average cost in the New York City borough continues to drop, but downtown is still thriving when it comes to condo, co-op and new development purchases.
DMG Investments Tops Out on NJ Luxury Condo Asset
While completion of the 204-unit One Park in Cliffside Park, N.J., is scheduled for fall 2018, Halstead Property Development Marketing recently opened an onsite sales gallery.
CapStack’s Stake in Multifamily Investment
The New York City-based firm is focusing on value-add opportunities in the Southeastern U.S. With 15 years of experience in the industry, Portfolio Manager Ben Inman will handle acquisition and asset management of CapStack’s multifamily investments.