Northeast
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.
Redevelopment of Affordable Housing Begins in Western MA
First Resource Cos. is making extensive renovations at the 173-unit Maple Commons Apartments in downtown Springfield. One improvement includes adding 50 cameras over two city blocks that will be connected directly to the police department.
Strategic Capital Backs NYC Hudson Square Development
The affiliate of a giant Chinese firm is taking a $140 million equity stake in the project, which will be co-developed by Cape Advisors. Located in Manhattan’s West SoHo enclave, the 280,000-square-foot tower will feature 170 condominium units, ground-floor retail and parking.
Bellwether Closes First Equity Financing for $199M Deal
The mortgage banking firm arranged joint-venture equity financing on behalf of John M. Corcoran & Co. for the purchase of Windsor Garden Apartments, a 914-unit community in Norwood, Mass.
Manhattan Valley Portfolio Sells for $52M
Eastern Consolidated recently brokered the sale of a four-building multifamily portfolio comprising 100 apartments located at 60-68 W. 107th St., on New York City’s Upper West Side.