JLL arranged the $176 million construction financing for new mixed-use Gowanus development
JLL Capital Markets announced that it has arranged $176 million in construction financing for 420 Carroll St., a ground-up development of a 360-unit, Class A multihousing property in the rezoned Gowanus neighborhood of Brooklyn.
The...
Merchants Capital secures debt and LIHTC equity financing for affordable, senior property in Pittsburgh
The New York office of leading financial services provider Merchants Capital announces it has secured $11 million in debt and Low-Income Housing Tax Credit (LIHTC) equity financing for the construction of Cedarwood Homes in Pittsburgh,...
Taking work home
In April, local developer Millcraft Industries of Washington, Pa., will begin renting units in a 16-story former state office building that is undergoing a $45 million conversion.
When completed in September, the 218 apartments in...
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...
MassHousing closes on $25.25 million in financing to extend affordability on 82 housing units...
MassHousing has closed on $25.25 million in affordable housing financing to an affiliate of Vitus, for the preservation and rehabilitation of 82 affordable housing units in Roxbury. Vitus will utilize the MassHousing financing to combine a pair of Roxbury affordable housing communities, the Fort Hill Gardens and Esperanza...
Merchants Capital announces more than $180m total financing for two new mixed-income, mixed-use projects...
Mortgage banking firm Merchants Capital has secured financing for two affordable housing developments, totaling more than $180.6 million, in the New York City area: MEC 125th Street and Caton Flats.
Both transactions executed a novel...
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....
WinnDevelopment Begins Construction on $55M Redevelopment of Historic Mill Complex in Western Massachusetts
Holyoke city officials and legislative leaders joined WinnDevelopment executives and Massachusetts housing lenders to break ground on a $55.3 million adaptive reuse transformation of a long-vacant, historic mill complex that will be transformed into...
THG Paris and Interior Design Team Gilles & Boissier launch new bath collection
THG® Paris, the leading French atelier for the bath whose collaborations with prestigious brands include Lalique, Baccarat and Christofle, announced its latest collection – a collaboration with internationally recognized interior design team Gilles &...
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...
$82.5 million sale of New Jersey multihousing community
JLL Capital Markets announced that it has closed the $82.5 million sale of The Mark Parsippany, a 212-unit, four-story, Class A, luxury apartment community in Parsippany, New Jersey.
JLL represented the seller, an affiliate of...
West Orange’s Edison Village ushers in contemporary, amenity-filled living in Essex County, NJ
Edison Village, Prism Capital Partners’ industrial-to-residential reimagining of the historic Thomas Edison Invention Campus, is ushering in a new brand of contemporary, amenity-filled living in Essex County, N.J. Encompassing 21 acres along Main Street...
Long Island multihousing community sells
JLL Capital Markets announced that it has closed the sale of Southpoint at Massapequa, a 214-unit, luxury, multihousing community located in Massapequa, New York.
JLL represented the seller, JRK Property Holdings. Fairfield Properties acquired the asset.
The...
The Donaldson Group, Declaration Capital, & Angelo, Gordon acquire 288-unit apartment community in Hyattsville,...
In an off-market transaction, The Donaldson Group of Rockville, MD, New York-based Declaration Capital, and New York-based Angelo, Gordon have acquired Plaza Towers Apartments, a 288-unit high rise apartment community located in Hyattsville, Maryland....
Waterton enters Greater Boston multifamily market with acquisition of 503-unit Rosemont Square in Randolph,...
Waterton, a national real estate investor and operator, announced it has acquired Rosemont Square at 2 Chestnut West in Randolph, MA. The 503-unit complex is situated within a 481-acre master-planned community and offers a...