Northeast
4 Developments Coming to Suburban NY
The developers announcing the Mount Vernon, N.Y., projects include The Alexander Group/Bluestone, Direct Investment Development, Enclave Equities and Simone Development Cos. The initiative aligns with the state’s new $2.5 billion housing package aimed at attracting investment in market-rate housing statewide.
Greystone Provides $60M HUD Loan for NY Skilled Nursing Facility
The firm also secured a bridge-to-HUD loan to finance Kennedy Management’s acquisition, rebranding and renovation of the 302-bed asset in 2015.
UA Builders Nabs Another Bronx Propco Project
The construction firm is partnering with Badaly & Badaly Architects to deliver a 120,000-square-foot residential development in the West Bronx.
Soho Properties Launches Sales at 45 Park Place
Construction broke ground on the 50-unit luxury condominium tower in June 2016, and the project is slated for completion in early 2019. Stribling Marketing Associates will lead the sales and marketing efforts for the property.
Silverback Condo Conversion a Tall Order in Brooklyn
The development company will shepherd the conversion of a 29-story residential tower in New York City’s Brooklyn Heights, making it the tallest condo building in the neighborhood.
3 Assets Trade in Newark
Gebroe-Hammer Associates facilitated two deals for the New Jersey properties. The three-story communities total 95 units in the Upper and Lower Roseville neighborhoods of the city.
Urban Investment Beyond the Core
Kenan Bigby of Trinity Financial sheds light on trends in affordable housing, transit-oriented development and investment opportunities in secondary and tertiary markets.
Wood Partners Begins Pre-Leasing at Boston-Area Community
The Westerly at Forge Park is a luxury residential property in Franklin, Mass., with common area amenities that include an outdoor pool and a dog park.
Top 5 Student Housing Communities in Greater Boston
One of the world’s best-known academic hubs, Boston continues to benefit from top-ranked universities. However, the city’s affordability issues are pushing students out of core submarkets to the outskirts of the MSA.