Tuesday, October 15, 2019

New England region

New England region includes: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont.

Reynolds Terrace Apartments in Orange, NJ sells for $16.65 million in transaction arranged by...

In the North Jersey Metro’s high-population and high-building-density pocket of East Essex County, Gebroe-Hammer Associates has arranged the $16.65 million sale of Reynolds Terrace Apartments, a nine-story midrise comprised of 120 apartment units at...

Paradigm shift

The partners, who come from family-owned multifamily businesses with a combined 150 years of experience, plan to redefine the future of urban rental living by developing and managing apartment communities based on five principles:...

Russo Development opens second Kearny apartment community and closes on third

Kearny’s dramatic transformation from factory town to popular urban dwelling place continues with the opening of 280 units at Vermella West, the first phase of Russo Development’s 548-unit apartment community along the Passaic River....

New Providence Gardens sells for $58.5M in transaction arranged by Gebroe-Hammer Associates

New Providence Gardens, a 232-unit garden-apartment community located within one of the most affluent corners of New Jersey, has been sold for $58.5 million in a trade arranged by Gebroe-Hammer Associates of Livingston. Executive...

GFI Realty trades Bath Beach 30-unit multifamily building for $7.225 million

GFI Realty Services, LLC announced the $7.225-million sale of 8678 Bay Parkway, a four-story walk-up, 30-unit multifamily property located in the Bath Beach section of Brooklyn. GFI Realty Senior Director Shlomo Antebi represented the...

MassHousing closes on $22.7 million to extend affordability for 50 years, make property renovations,...

MassHousing has closed on $22.7 million in affordable housing financing to an affiliate of Maloney Properties, for the rehabilitation of the Holyoke Farms affordable housing community in Holyoke. The MassHousing financing will allow Maloney...

Quin Sleepy Hollow, latest luxury rental community by JMF Properties, now open for ‘sneak...

Quin Sleepy Hollow, the premier luxury rental community that’s been rising along South Avenue in the emerging transit village of Plainfield, New Jersey, has opened its leasing office doors and is ready to turn...

Avanath acquires three affordable housing properties totaling 317-units in Chicago and Maryland for $55.05...

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has purchased three affordable housing communities with a combined total of 317 units in Chicago and Maryland. The assets were...

JLL arranges $386 million financing for 70 Pine Street

JLL announced today that it has arranged $386 million in financing for 70 Pine Street, a 66-story, 1.03 million-square-foot, mixed-use, Art Deco-style tower in Lower Manhattan’s Financial District. JLL worked on behalf of the borrower,...

Jonathan Rose Companies and the NHP Foundation acquire Shore Hill Housing in Brooklyn, NY

Jonathan Rose Companies, LLC, one of the country’s leading developers and investors in sustainable, affordable and mixed-income multifamily real estate, The NHP Foundation (NHPF), a national not-for-profit leader in providing quality affordable housing to...

Walters completes senior housing community in Manahawkin

Walters, a Barnegat-based developer, has completed Cornerstone At Stafford, a premium age and income-restricted apartment community located at 120 Campbell Blvd. The development adds 100 energy efficient units to the southern Ocean County housing...

Clarus Maplewood achieves prestigious WELL Certification

Clarus Maplewood is officially a WELL Certified™ building, the community’s developer, JMF Properties, announced today. Clarus was awarded WELL Certification at the Gold level by the International WELL Building Institute™ (IWBI™). The prestigious distinction was...

Meridian Capital Group arranges $27.5 million in financing for The Cobalt Apartments, a multifamily...

Meridian Capital Group, America’s most active dealmaker, arranged $27.5 million in financing to refinance The Cobalt, a multifamily property in Somerville, NJ on behalf of Weiss Properties based in New Brunswick, NJ. The 12-year loan...

Castle Lanterra acquires 359-unit Capital Crossing Apartment community In Prince George’s County, Maryland

Castle Lanterra Properties (CLP), a New York-based national real estate investment firm, has announced the acquisition of Capital Crossing, a 359-unit apartment community located at 3930 Suitland Road in Suitland, Maryland—one of the strongest...

JLL arranges financing for Englewood, New Jersey, apartments

JLL announces that it has arranged financing for the development of Englewood Circle, a 220-unit, Class A multifamily property in Englewood, New Jersey. JLL worked on behalf of the developers, a joint venture between The...
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