Northeast
New Empire Breaks Ground on Long Island City Project
The project is the developer’s latest Queens build.
Metro Storage Expands New Jersey Footprint
A 558-unit property marks the company’s 10th asset in the state.
Phase 2 of Bronx Affordable Development Lands $297M
The completed project will comprise two buildings totaling more than 350 units.
NBM Equities Pays $22M for Boston-Area Asset
The transaction involved a $16.8 million Fannie Mae loan.
Fortis Nets $85M Loan Backed By Boston Tower
The Parker is one of the city’s newest luxury properties.
Pomeranc Group Acquires New Jersey Community
Cushman & Wakefield arranged the sale of the 465-unit asset.
BLDG Secures $425M for Queens Mixed-Use Development
The 69-story skyscraper will comprise 800-plus residential units.
Queens Multifamily Report – May 2023
Meanwhile, the workforce segment is treading water.
Arlington Property Converts to Affordable With $47M HUD Loan
Standard Communities has been working toward converting the community from market rate to affordable since acquiring it in 2018.