Northeast
$14M in Loans to Support 1,243 Units of Affordable Mass. Housing
Plans for the Affordable Housing Trust Fund financing include creating or substantially rehabilitating and preserving the affordability of units across nine buildings.
MassDevelopment Issues $30.8M Bond for Complete Reconstruction of Cambridge Community
The rebuilding of the Jefferson Park community will create a total of 104 fully-affordable units.
Peak Campus to Manage Rittenhouse Station Student Apartments
The student housing property serves the University of Delaware and is located near its campus.
Castle Lanterra Properties Acquires $56M NJ Community
The acquisition is the second New Jersey property Castle Lanterra Properties has added in the last five months.
Post Brothers Overhauls 1,000+ Apartments in Philly
Presidential City, the largest apartment redevelopment project in Philadelphia, will be complete in 2017.
KRE Group, Oxford Realty Buy Deer Creek for $45M
The partnership has teamed up again to purchase a 288-unit apartment community that fits with their strategy of scooping up properties with value-add potential.
New Queens Apartments 50 Percent Rented in a Matter of Weeks
The 62-unit property, developed by Tsilo Group on the site of a former lumber yard at 30-40 21st St., is a mix of studios and one- and two-bedroom units.
Top 10 NYC Multifamily Sales in February 2016
February’s recorded sales show a strong demand for multifamily apartment buildings in New York. Manhattan led the pack, with multiple package deals that could promise exciting new redevelopments. Brooklyn, Queens and even the Bronx make appearances, too. Check out the most expensive transactions, and the latest data from PropertyShark. 1. 420-423 E. 54 St., Manhattan Sale Price: $390,000,000 Buyer: River Tower Owner, LLC Seller: EQR-River Tower A, LLC East Midtown’s RiverTower building tops February’s recorded sales at a healthy $390M. While it sold at significantly less than was predicted by The Real Deal, Sam Zell’s Equity Residential was rumored…
Inside Greystone’s New West Village Luxury Property
The boutique corner building in the Greenwich Village Historic District features five full-floor residences, among them a duplex penthouse with three private outdoor spaces.
Projects Worth $258.5M Approved by the Boston Redevelopment Authority
The developments are expected to bring a total of 586 residential units and will generate more than 530 new construction jobs.