Northeast
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.
Developer Duo to Recapitalize Bronx Properties
The developers have upgraded the affordable New York City assets.
Brooklyn Multifamily Report – May 2023
The borough still has one of the country’s highest occupancy rates.
Pennrose Opens Affordable Alexandria Project
The property caters to families and seniors earning between 30 and 60 percent of the area median income.