McKinley Park Apartments to be Transformed into Affordable Housing for Seniors
The transformation of Canton’s McKinley Park Apartments into an affordable housing community moved another step closer to reality in December, after The Ohio Department of Development awarded the redevelopment $2 million in state historic...
Multihousing community in Northeastern New Jersey refinanced for $35.9 million
JLL Capital Markets announced that it has arranged a $35.9 million refinancing for Hudson Square North, a 150-unit, transit-oriented, high-rise multihousing community with 2,739 square feet of retail space in Hoboken, New Jersey. JLL worked...
CBRE arranges sale of apartment community in South Portland, Maine
CBRE announced that it has arranged the sale of Redbank Village and Liberty Commons, a 620-unit townhouse and garden-style apartment community located at 62 MacArthur Circle East in South Portland, Maine, for an undisclosed...
Mid-rise apartment buildings sell for $116.2 million in Williamsburg, Brooklyn
JLL Capital Markets announced that it has closed the $116.2 million sale of 247N7, a 169-unit, 151,766-square-foot, two-building multihousing property located at 247 N. 7th St. in the Williamsburg neighborhood of Brooklyn. JLL marketed the...
WPC acquires three College Park, Maryland apartment communities for $14 million
Washington Property Company (WPC) has acquired an 81-unit portfolio comprising three low-rise apartment communities near the University of Maryland-College Park (UMCP) for $14 million. The seller, JE Smith Corporation, was represented by CBRE’s Bill Roohan,...
Avison Young brokers $69.2 million sale of 10 Light, an iconic 36-story luxury apartment...
Avison Young announced it has brokered the $69.2 million sale of 10 Light, an iconic 36-story high-rise asset that includes 419 luxury apartment homes and 41,785 square-feet of ground floor retail space in downtown...
Downtown Biddeford’s iconic Pepperell Mill changes hands with new ownership
Presidium, a fully-integrated real estate firm, whose Maine partners have a long and respected history of development in Maine, has acquired the Pepperell Mill Campus, with plans to rejuvenate and enhance the property. Located...
Institutional Property Advisors brokers sale of Hartford County Condominiums
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Folly Brook Manor, a 184-unit property. “Historically an investor-owned condominium rental housing, Folly Brook Manor is now wholly owned by one...
Multihousing asset buy in North New Jersey financed for $54 million
JLL Capital Markets announced that it has arranged $54 million in acquisition financing for Montclair Residences at Bay Street Station, a 163-unit, transit-oriented multihousing community in the suburban New York City community of Montclair,...
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...
Property owner sues East Orange, New Jersey, for stealing $80,000 in equity
An East Orange property owner filed a lawsuit challenging a state tax scheme that allowed the city to take her entire property for paying taxes late, or roughly $80,000 more than she owed. Lynette Johnson...
$84.35 million sale of multihousing community near Boston closes
JLL Capital Markets announced that it has closed the $84.35 million sale of and arranged $60.9 million in acquisition financing for Eliot on Ocean, a 194-unit, transit-oriented, Class A multihousing community in the greater...
$45.5 million refinancing secured for Village Manor and Palisades Manor
JLL Capital Markets announced that it has arranged $45.5 million in financing for two multihousing properties totaling 321 units in the northern New Jersey communities of Nutley and Palisades Park, New Jersey. JLL worked exclusively...
Avison Young brokers $15.5 million sale of 2651-2657 Broadway
Avison Young’s New York office announced that it has arranged the sale of 2651-2657 Broadway, a mixed-use building on the corner of Broadway and West 101st Street in New York. The 36,730-square-foot (sf) Upper...
CBRE arranges sale of 111-unit mixed-use multifamily community in Quincy, Massachusetts
CBRE announced that it has arranged the sale of The Residences at Munroe Place, a 111-unit apartment community with ground floor retail located at 1205 Hancock Street in Quincy, Massachusetts. CBRE Capital Markets’ multihousing experts...
