Northeast
Philly Mixed-Use Community Lands $150M Refi
Residents have access to various cultural and recreational venues, including The Franklin Institute.
Domain Cos. JV Receives $142M in Construction Financing
The project has a total capitalization of $230 million.
Askin & Hooker Land Approval for New Jersey Project
The three-building development will join 70 acres of retail and service offerings.
Brooklyn Multifamily Report – August 2022
Rents, occupancy and investment sales in the borough all showed significant gains.
Hawkins Way Capital Acquires Rhode Island Student Housing
The community is located near Brown University, Rhode Island School of Design and Johnson & Whales University.
Manhattan Multifamily Report – August 2022
Investment activity was tepid during the previous two years, mostly due to the health crisis and rent control measures, but sales activity during the first half of 2022 made up for that, with more than $3 billion in multifamily deals recorded.
$1B New York Development to Get Luxury Condos
This community will be a key part of a master-planned suburban project.
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.