Northeast
Flaherty & Collins Build $200M Bridgeport Mixed-Use
The Steelpointe Harbor project will include rental units and retail space.
Philadelphia Multifamily Report – August 2022
Halfway through 2022, Philadelphia’s multifamily market maintained its vigor despite rising uncertainty regarding the economy. Strong demand kept up with substantial deliveries and the occupancy rate in stabilized properties remained flat at 96.7 percent in May, with core submarkets beginning to regain popularity among renters. Meanwhile, the average rent rose 11.4 percent year-over-year through June, to $1,695, still trailing the $1,706 U.S. figure. READ THE FULL YARDI MATRIX REPORT Philadelphia’s employment market expanded 4.3 percent, or 113,800 jobs, in the 12 months ending in May, 40 basis points behind the U.S. rate. Leisure and hospitality (38,100 jobs), trade, transportation and…
Vanbarton Group Lands $273M Loan for NYC Conversion
A Brookfield affiliate provided the funding for this Financial District project.
Diversified Properties Acquires New Jersey OZ Development Site
Plans call for the construction of a 60-unit community with six affordable housing apartments.
Khosla Capital JV Acquires $200M New York Community
Halstead Station last traded in 2016, for $148.5 million.
Stonehenge NYC Expands Footprint With West Village Buy
The luxury property is near the Meatpacking District of Manhattan.
Top 5 NYC Multifamily Building Sales—July 2022
PropertyShark’s monthly roundup of the city’s biggest deals.
Meadow Partners Acquires 2 Manhattan Buildings
This purchase marks the company’s ninth East Village investment.
Douglaston Begins Leasing Manhattan High-Rise
Construction on the 60-story building was subject to a $415 million loan.
MassHousing Provides $41M for Adaptive-Reuse Boston-Area Project
Reed Community Partners has converted a section of a former wool mill in Lawrence, Mass., into a 180-unit affordable housing property.