Thursday, May 2, 2024

New England region

New England region includes: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

10 Light

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...
Pepperell Mill Campus

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...
Folly Brook Manor

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...
Montclair Residences at Bay Street Station

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,...
Southpoint at Massapequa

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...
Eliot on Ocean

$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...
Village Manor and Palisades Manor

$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...
2651-2657 Broadway

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...
Residences at Munroe Place

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...
Nine East 33rd

Berkadia arranges $62 million stretch senior loan for acquisition of 568 bed student housing...

Berkadia announces it has secured a $62 million stretch senior loan for the acquisition of Nine East 33rd, a 157-unit/568-bed off-campus student housing property located right across the street from the main entrance of...
eaves Lawrenceville

Sale of New Jersey multihousing community closes

JLL Capital Markets announced that it has closed the sale of eaves Lawrenceville, a 632-unit, value-add, garden-style multihousing community near Princeton University in Lawrenceville, New Jersey. JLL represented the seller, AvalonBay Communities, Inc. Constructed in two...
The Tannery

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...
Logo Apartments

Avanath Capital Management expands Boston-area reach with acquisition of 11-building, 73-unit affordable housing portfolio...

Avanath Capital Management, LLC, a private real estate investment manager and Registered Investment Adviser, has expanded its reach in the Boston area with the acquisition of Logo Apartments, an affordable housing portfolio in Roxbury,...
Metro West 130

$136 million trade of Class A multihousing portfolio on Long Island closes

JLL Capital Markets announced that it has closed the $136 million sale of a multihousing portfolio consisting of two Class A communities totaling 316-units in West Hempstead and Hempstead, New York. JLL marketed the properties on...
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