Northeast
Phase 2 of Brooklyn Affordable Project on Track
A joint venture of The Hudson Cos. and BEC New Communities has closed on the financing and acquisition of BEC Continuum Resyndication, which includes 550 units across 43 properties.
Sentinel Sells 122-Unit Brooklyn Community
The property, which traded for $33 million, is located in the northern part of the borough’s Kensington neighborhood and includes studios, as well as one- and two-bedroom apartments.
KWCC, The Condo Shop Merge to Serve Philly
The strategic alliance with a team of more than 250 agents will enable The Condo Shop to boost the company’s growth and have access to better tools and resources.
Brooklyn Condo Tower Kicks Off Sales
Developed by Mack Real Estate Group and Palin Enterprises, the 40-story luxury tower will be the tallest building in the borough’s Greenpoint neighborhood and will feature 95 units.
Radnor Secures $65M for Philly Development
During the first of The Hamilton’s two phases, 279 units will be constructed in the previously underutilized corridor between Spring Garden and Vine Street in the popular Logan Square neighborhood.
Unveiled: Brook Avenue Apartments in the Bronx
Yuco Real Estate Co.’s $25 million, 66-unit development was financed under Mayor De Blasio’s Housing New York plan.
MacQuesten to Develop $110M Mixed-Use Property in NY
The firm’s plan is to build a 27-story property encompassing 282 residential units, 9,500 square feet of retail space and a four-story parking garage, with an option for an additional optional 50,000 square feet of office space. The project is part of the city of New Rochelle’s massive redevelopment plan.
Shorenstein Nabs Manhattan Luxury Community for $57M
HFF brokered the sale and arranged $31 million in financing for the 54-unit, recently renovated apartment building located in Manhattan’s East Village neighborhood.
JV Brings Luxury Living to Jersey City
Hartz Mountain Industries and Panepinto Properties developed the LEED Silver-certified TOD, which includes 13 stories and 240 units. The community is already 40 percent leased.
Home Leasing, CPC Open $18M NY Apartments
The 72-unit Charlotte Square at the East End is the first of three new developments in Rochester. Construction on phases II and III are anticipated to begin in the fall of 2017.