Northeast
Avanath Acquires Brooklyn Portfolio
The company, in partnership with Oak Tree Management, acquired a 17-building affordable housing portfolio with 198 units for $73 million.
Leasing Starts at New Hell’s Kitchen Luxury Condos
Taconic Investment Partners and Mitsui Fudosan America are developing the project at 525 W. 52nd St., which includes 35,000 square feet of amenities.
PA Senior Living Community Expands
Windy Hill Village, a Presbyterian Senior Living community in Philipsburg, broke ground on a 48-unit rental apartment building. R.S. Mowery & Sons is the project’s contractor.
HFF Tapped to Market Pennsylvania Residential Asset
The company is representing the seller, a joint venture between CenterSquare Investment Management and Korman Residential, which acquired the asset back in 2007 for $30 million.
Top 5 NYC Multifamily Sales
PropertyShark compiled the top 5 multifamily sales for April 2017 in New York City.
Construction of Lower East Side Luxury Condos Underway
Magnum Real Estate Group is partnering with Real Estate Equities Corp. to develop 196 Orchard, an 11-story luxury residential development located across from the famous Katz’s Deli.
NewCourtland to Redevelop Former Liddonfield Homes Site
The new owner acquired the site for $5.5 million from the Philadelphia Housing Authority. The former public housing development will be transformed into an affordable senior housing community.
Benchmark Senior Living Expands Massachusetts Portfolio
With Cushman & Wakefield representing the seller, an institutional investor, the buyer, a Waltham, Mass.-based senior living company, acquired New Pond Village in suburban Boston.
Magnum Real Estate Begins Closings at NYC Tower
The 114-unit building offers a resident terrace with grill and fully furnished and landscaped roof deck, and in-unit features including Sub-Zero refrigerators, Bosch ovens and marble-clad bathrooms.
SL Development to Build $54M Luxury Condos in Brooklyn
When finished, the new property will consist of 69 luxury condominiums as well as 18 parking spaces and 20,000 square feet of retail space at grade.