Monday, February 24, 2025

New England region

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

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...
Seven Springs

CBRE arranges sale of 331-unit Seven Springs community in Burlington, Massachusetts

CBRE announced that it has arranged the sale of Seven Springs, a 331-unit luxury, garden-style apartment community located at 1 Seven Springs Lane in Burlington, Massachusetts. CBRE Capital Markets’ multihousing experts Simon Butler, Biria St....
Berkshire Stewards Crossing

Multihousing community in Central New Jersey closes

JLL Capital Markets announced that it has closed the sale of Berkshire Stewards Crossing, a 240-unit, luxury, value-add multihousing community in the Princeton submarket of Lawrence Township, New Jersey. JLL marketed the property on behalf...
Justin Driscoll

Trez Capital hires commercial real estate veteran Justin Driscoll as Managing Director for New...

Trez Capital is pleased to announce that Justin Driscoll has joined the firm as managing director of the real estate bridge financing program, based in the New York office. A Long Island native, Driscoll...
The Union at Lyndhurst

Class A multihousing community in North New Jersey trades

JLL Capital Markets announced that it has closed the sale of The Union at Lyndhurst (The Union), a 328-unit, Class A, mid-rise multihousing community in Lyndhurst, New Jersey. JLL marketed the property on behalf of...
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