Thursday, February 27, 2020

New England region

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

JLL arranges $20.5 million loan for Jersey City apartments

JLL Capital Markets announced today that it has arranged $20.5 million in financing for the acquisition of The Ashton, a newly completed, 93-unit, Class A apartment project in Jersey City, New Jersey. JLL worked to...

Multifamily investment stumbles in NYC in 2019

Low vacancy rate. Burgeoning population. Expensive real estate. The Big Apple’s multifamily market has always been the champion compared to the rest of the country, but the recently passed rent regulations have the city...
Sycamore on Main in Brockton

Construction is underway at Sycamore on Main in Brockton as MassHousing closes $4.7 million...

Construction is underway at Sycamore on Main in Brockton, as MassHousing has closed on $4.7 million in financing to an affiliate of NeighborWorks Housing Solutions. The MassHousing financing will allow NeighborWorks Housing Solutions to...
Hanover Cambridge Park

CBRE sells Hanover Cambridge Park to Guardian Life

CBRE announced the sale of Hanover Cambridge Park located at 80 Cambridge Park Drive in Cambridge, Massachusetts, to Guardian Life. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller,...

JLL arranges $6 million loan for 80 Terrace Street in Boston

JLL Capital Markets announced today that it has arranged a $6 million construction loan for the development of 80 Terrace Street, a nine-unit, boutique, for-sale condominium building in the Mission Hill neighborhood of Boston. JLL...
The Daley at Shady Grove

JLL arranges $62 million loan for The Daley at Shady Grove

JLL Capital Markets announces it has arranged $62 million in financing for The Daley at Shady Grove, a 333-unit multihousing community with nearly 15,000 square feet of ground-floor retail located in Rockville, Maryland. JLL worked...
Breakwater

Callahan Construction breaks ground on luxury waterfront apartment complex in Lynn North Shore

Callahan Construction Managers (Callahan) announces they have broken ground at Breakwater in Lynn, MA. The Dolben Company in joint venture with Minco Corporation is developing the future luxury waterfront apartment complex, with HDS Architecture...
Residences at Riverwalk

CBRE sells Residences at Riverwalk for $33 million

CBRE today announced the sale of the Residences at Riverwalk located at 553-557 South Commercial Street in Manchester, New Hampshire, for $33,000,000. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented...
Jefferson at Farmingdale

Cushman & Wakefield brokers sale of Farmingdale, N.Y., multifamily asset

A newly-constructed, luxury mid-rise apartment community has sold in Nassau County, announced commercial real estate services firm Cushman & Wakefield. A team of capital markets specialists based in New York and New Jersey brokered...
Bay View Estates

CBRE sells Bay View Estates for $20,425,000

CBRE today announced the sale of Bay View Estates in Portsmouth, Rhode Island, for $20,425,000. CBRE Capital Markets’ multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Bay View Apartments LLC, a...
571 Revere Street, Revere

MassHousing commits $7.9 million in financing for new, 51-unit mixed-income rental housing community in...

MassHousing has committed $7.9 million in affordable housing financing to the non-profit The Neighborhood Developers (TND) for the construction of the 571 Revere Street in Revere. The MassHousing financing will allow The Neighborhood Developers...
Alta Easterly

CBRE finances acquisition of 157 units in Walpole, Massachusetts

CBRE announced today that it has secured $37,200,000 in financing to assist with the acquisition of Alta Easterly, a 157-unit apartment community located at 1100 Cricket Lane in Walpole, Massachusetts. John C. Kelly and Collin...
10 Green Street at Woodbridge Train Station

Prism Capital Partners launches construction for 10 Green Street at Woodbridge Train Station

Prism Capital Partners this month launched construction for 10 Green Street at the Woodbridge train station. The five-acre redevelopment parcel, located at the corner of Rahway Avenue and Green Street in Woodbridge, will become...
Brookstone Manor

CBRE Multifamily Group sells Brookstone Manor

CBRE Capital Markets announced the sale of Brookstone Manor in Milford, New Hampshire, for $13,550,000. CBRE multihousing experts Simon Butler and Biria St. John exclusively represented the seller, Aspen Square Management, and procured the buyer,...
Highwood Village

CBRE Multifamily Group sells Highwood Village for $12 million

The CBRE Capital Markets team announced the sale of Highwood Village located at 174 Saint Anselms Drive in Goffstown, New Hampshire, for $12,000,000. CBRE multihousing experts Simon Butler and Biria St. John exclusively represented the...
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