Steve Prochnow

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  • RXR to Develop 28-Story Mixed-Use Towers in New Rochelle

    Anchors of the New York City suburb’s $4 billion redevelopment plan, the two high-rises will comprise about 700 units between them. City officials are eyeing up to 12 million square feet of new construction.

    02 August 2017 14:52
  • $58M Financing Earmarked for Atlanta Portfolio Acquisition

    George Smith Partners secured the financing for the 680-unit workforce housing portfolio. The two buildings will undergo a $5.5 million renovation.

    06 November 2017 15:32
  • The Amenity That Never Goes Out of Style

    In the property and hospitality line, there is a constant rush to have the latest and trendiest amenities. Yet amid all these investments into amenity space, another crucial yet often overlooked amenity is neglected.

    02 November 2017 19:19
  • High-Paying Jobs Add to Upscale Demand in Richmond

    Although overall employment growth is tepid and continues to trail the national rate, the metro’s economy is slowly but steadily diversifying, drawing investors and large projects.

    23 October 2017 13:45
  • Lower Average Loan Sizes Are Likely

    Rising interest rates have yet to strongly impact the multifamily market, as specialists are confident the market will continue to see healthy fundamentals in the near future. While loan origination volumes are expected to stay up, the average value of credit facilities might dip.

    01 August 2017 20:39