JLL arranges JV equity and debt for $135 million best-in-class New Jersey multihousing development
JLL Capital Markets announced that it has arranged the $88.6 million construction financing and the $38 million equity placement for Canterly Place, a 300-unit, to-be-built, Class A apartment building located in Livingston, Essex County,...
Institutional Property Advisors closes 518-unit Central Connecticut multifamily portfolio sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property, 518-unit multifamily portfolio in Middletown, Connecticut.
“Located between Hartford and New Haven, Middletown draws residents from employment centers in...
$57.5 million financing secured for New Jersey multihousing community
JLL Capital Markets announced that it has arranged the $57.5M financing of EVO, a 220-unit, newly built, luxury multihousing property located in downtown Englewood, New Jersey.
JLL represented the sponsorship, a joint venture between Claremont...
Gebroe-Hammer Associates arranges $9.72 million off-market multifamily portfolio sale in Central New Jersey
Gebroe-Hammer Associates has arranged the $9.72 million off-market sale of a three-property Middlesex County, NJ multifamily portfolio. The firm brokered the 53-unit transaction on behalf of the unnamed seller and procured the buyer, Golden...
Rough times in NYC
Thousands of New York City apartment residents are not caught up on their rent. That hasn’t stopped building operations costs from coming due, even rising. The combination of rising costs and falling incomes is...
$56 million construction financing secured for Manhattan multihousing property
JLL Capital Markets announced it has secured $56 million in construction financing for the development of 202 E. 23rd St., a mixed-use, passive house designed, multihousing property consisting of 108 units, located on the...
CBRE announces the sale of The Tannery in Glastonbury, Connecticut
CBRE announced the sale of The Tannery, a 250-unit Class A apartment community in Glastonbury, Connecticut. The CBRE team of Jeffrey Dunne, Simon Butler, Biria St. John, and John Mclaughlin represented the seller, a...
CPC closes $100 million Freddie Mac SBL portfolio in New York City
The Community Preservation Corporation (CPC), a Freddie Mac Seller/Servicer and leading nonprofit housing and community revitalization finance company, announced the closing of a $100 million portfolio under the Freddie Mac Small Balance Loan (SBL)...
CBRE Multifamily Group sells Bayside Village for $20,800,000
The CBRE Capital Markets team today announced the sale of Bayside Village located at 132 Marginal Way in Portland, Maine, for $20,800,000.
CBRE multihousing experts Simon Butler and Biria St. John together with Dan Greenstein...
Avanath Capital Management acquires high-rise apartment community in Brooklyn for $101.25 million
Avanath Capital Management, LLC (Avanath), a private real estate investment management firm, announces the acquisition of 7 DeKalb, a 251-unit multifamily property located in the Brooklyn borough of New York City, New York for...
The Donaldson Group takes over management of 625 apartments in Richmond and Norfolk, VA
The Donaldson Group (TDG) of Rockville, MD has continued to expand southward beyond its base in the Washington, DC metro area, adding 625 units to its current 11,000-unit multifamily management portfolio. The company has...
Klein Enterprises closes $85 million loan for Largo Development
Klein Enterprises, a vertically integrated investor, developer, and operator of diversified real estate holdings, announced that the company closed an $85 million loan for the development of Aura, a transit-oriented luxury apartment complex in...
$19 million in financing secured for New Jersey multihousing community
JLL Capital Markets announced that it has arranged the $19 million financing for 231WHK, a newly built 60-unit multihousing community in Weehawken, New Jersey.
JLL represented a private developer to secure the five-year, fixed-rate loan...
Walters holds ribbon-cutting ceremony for LEED-Gold Cornerstone at Delanco
Walters, an award-winning developer with offices in Barnegat and Haddonfield, N.J., held a ribbon-cutting ceremony to celebrate the opening of Cornerstone at Delanco, a 64-unit premium income-restricted housing development built on the site of...
Institutional Property Advisors closes apartment asset sale in New Haven Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of West Gate Townhomes, a 135-unit multifamily asset in New Haven, Connecticut.
“West Gate Townhomes is a unique asset offering spacious suburban...
