Northeast
HFF Secures $50M Loan for NJ Community
The company arranged the long-term fixes-rate loan on behalf borrower Capodagli Property Co. The 222-unit transit-oriented community offers convenient access into New York City and other major employment hubs.
NY Launches $20B Affordable Housing Initiative
The five-year plan was created to combat homelessness and proposes $10 billion to create and preserve more than 110,000 units across the state, including 12,000 units is designed through the newly enacted “Affordable New York” program.
NEI Completes Phase II of Boston Redevelopment
The company developed a 39-unit affordable community in the property, part of an initiative to transform as many as 11 acres of vacant lots in Boston into a mixed-use, transit-oriented development.
Tiffany Rufrano Joins Greystone Development
Greystone has selected Rufrano as its new director of asset management. A former Paramount Group vice president, she brings more than a decade of experience in asset management, acquisitions, financing and investment banking.
WinnCos. Preserves NJ Affordable Housing
The company joined with Greater Bergen Community Action to complete a project that will preserve affordable housing for 400 residents for 30 years in Jersey City.
Silvershore Properties’ Queens Community Up for Grabs
Jason Silverstein and David Shorenstein’s firm has selected a team from Greysteel to market the sale of a 20-unit apartment building located in Queens’ Elmhurst neighborhood.
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.