GFI Realty Services arranges $3.55 million sale of two adjacent mixed-use Crown Heights buildings
GFI Realty Services, LLC announced the $3.55-million sale of 563-565 Nostrand Avenue, two adjacent three-story mixed-use buildings consisting of eight free market apartments and two ground floor retail units, located in the Crown Heights...
Parkview Financial provides $30 million construction loan for 12-story apartment building on Manhattan’s Lower...
Parkview Financial announced it has provided a $30 million construction loan to 63 Pitt Street, LLC for the construction of a 12-story, 59-unit, 40,773-square-foot (sf) apartment building located at 63 Pitt Street in New...
Institutional Property Advisors closes 186-unit apartment property sale in West Hartford Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westgate Apartments, a 186-unit multifamily property in West Hartford, Connecticut.
“West Hartford’s combination of small-town atmosphere and urban intensity makes it...
$42 million construction loan secured to develop The Ridge at Readington
JLL Capital Markets announced it has arranged a $42 million construction loan for the development of The Ridge at Readington, a 254-unit apartment community located in Readington, New Jersey.
JLL worked on behalf of the...
NYC landlords warehouse 50 percent of stock
Deals on apartments were so enticing that Tice, a tech worker, was willing to give up the most elusive of city dwellings: a rent-controlled one-bedroom.
Tice moved from a small, run-down Lower East Side apartment...
$46.5 million financing secured to develop Fishtown Kensington Village in Philly
JLL Capital Markets announced it has arranged a $46.5 million construction loan for the development of Fishtown Kensington Village, a 297-unit multihousing property located in Philadelphia, Pennsylvania.
JLL worked on behalf of the borrower, an...
$25 million sale of 125 Magnolia sets new multifamily sales benchmark for emerging Jersey...
The $25M sale of 125 Magnolia at Journal Square has set a new multifamily benchmark for Jersey City’s newest upmarket neighborhood in the elevatored/pre-war apartment building category, according to Gebroe-Hammer Associates Executive Vice President...
Berkadia arranges $27.54 million in acquisition financing for 263-unit community outside of Baltimore
Berkadia announces it has arranged $27.54 million in financing for the acquisition of Melvin Park Apartments, a 263-unit community in Catonsville, Maryland. Senior Managing Director Mitch Sinberg, Associate Director Matthew Robbins and Senior Analyst...
Interra Realty brokers $5.73 million sale of apartment building in Chicago’s Lakeview neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of 700 W. Grace St., a 16-unit rental property in Chicago’s Lakeview neighborhood. The $5.73 million sale price equates...
Harbor Landing luxury apartments bought for $73 million
JLL Capital Markets announced that it has handled the $73 million sale of Harbor Landing, a 218-unit, ultra-luxury apartment community located in Stamford, Connecticut.
JLL exclusively represented the seller, a joint venture between Building and...
Upper East Side multihousing development site sells for $32.325 million
JLL Capital Markets announced that it has completed the $32.325M sale of 1303-1309 Third Ave., a premier corner development site on New York City’s Upper East Side.
JLL worked on behalf of the seller Gastonia,...
MassHousing closes on $1.8 million in affordable and workforce housing financing for the development...
MassHousing has closed on $1.8 million in affordable and workforce housing financing to the non-profit Home City Development, Inc., to transform the former Elias Brookings School in Springfield into 42 new apartments for households...
Marcus & Millichap arranges the sale of The Horizon at Roslyn in Long Island...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Horizon at Roslyn, a 50-unit, 55-plus age-restricted luxury apartment building in Roslyn, New...
One of the largest urban redevelopment projects financed
JLL Capital Markets announced that it has arranged a $189 million construction loan for the development of the first phase of Port Covington, which, at up to 18 million square feet, will be one...
Former Colonial Nursing Center in Massachusetts to be converted to apartments
JLL Capital Markets announced it closed the sale of the former Colonial Nursing Center in Weymouth, Massachusetts. The buyer plans to convert the property to a workforce housing asset.
Located at 125 Broad St., the...