Prophet Capital sells $88 million note on The Kent House in Williamsburg to Invictus...
JLL Capital Markets announced that it has arranged the sale of an $88 million non-performing loan secured by The Kent House, a new mixed-use building with 96 multihousing units and 31,000 square feet of...
Marcus & Millichap brokers $118 million multifamily asset sale 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 Vistas of Port Jefferson, a 244-unit, age 55-plus multifamily property...
CBRE arranges sale of 220-unit luxury multifamily community in Hingham, MA for $139.25 million
CBRE announced that it has arranged the sale of The Cove, a 220-unit luxury, garden-style multifamily community located at 350 Beal Street in Hingham, Massachusetts for $139.25 million. CBRE Capital Markets’ multihousing experts Simon Butler,...
Long Island residential project capitalized for $173 million
JLL Capital Markets announced that it has arranged $55 million in joint venture equity and $113 million in construction financing for the development of Bay Shore Residences, a 418-unit, wood-frame residential building with ground-floor...
Institutional Property Advisors closes Fairfield County Connecticut multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Hillcroft Village, a 192-unit apartment complex in Danbury, Connecticut. “Hillcroft Village is a proven value-add opportunity asset with large, well-designed apartment...
Avery Hall’s One Boerum Place recapitalized for $176.45 million
JLL Capital Markets announced that it has arranged senior and mezzanine financing in the amount of $176.45 million for the recapitalization of One Boerum Place, a 138-unit multihousing property with ground-floor retail in Downtown...
Gebroe-Hammer Associates’ Niko Nicolaou arranges $21.45 million Jersey City multifamily portfolio sale
In New Jersey’s second largest municipality of Jersey City, Gebroe-Hammer Associates’ Executive Vice President Niko Nicolaou has arranged the $21.45M sale of a 134-unit multifamily portfolio spanning three of the city’s 13 constituent neighborhoods....
MassHousing commits $3.8 million in financing for new affordable and workforce housing on Martha’s...
MassHousing has committed $3.8 million in affordable and workforce housing financing to the non-profit Island Housing Trust (IHT) for the development of Kuehn’s Way in West Tisbury, a 20-unit rental community for lower- and...
GAIA Real Estate secures acquisition financing for East Village housing portfolio
JLL Capital Markets announced it has arranged $36 million in financing for the acquisition of three rental residential properties with a total of 71 units at 50-58 East Third St. in Manhattan’s East Village...
FCP expands Atlanta footprint with $116 million investment in three apartment acquisitions totaling 808...
FCP has announced its acquisition of three Atlanta-area apartment communities within the past three weeks, marking the company’s fourth, fifth and sixth Atlanta apartment investments in 2021. The firm invested $116 million in Springdale Glen,...
$92.15 million sale of luxury multihousing community in Princeton Junction, NJ closes
JLL Capital Markets announced that it has closed the $92.15 million sale of Parc at Princeton Junction, a 232-unit, Class A, transit-oriented multihousing community with ground-floor retail space in Princeton, New Jersey. JLL marketed the...
Institutional Property Advisors brokers $63 million newly constructed luxury apartment complex sale in Windsor...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Preserve at Great Pond, a newly constructed, 230-unit luxury apartment complex in Windsor, Connecticut. The property sold for $63 million. “The...
Trez Capital hires Ilir “Eli” Necaj as Vice President for New York Office
Trez Capital is pleased to announce that Ilir “Eli” Necaj has joined the company as vice president of origination and capital markets as part of the newly formed Real Estate Bridge Financing team. Necaj,...
$43 million refinancing arranged for BELA in Jersey City
JLL Capital Markets announced that it has arranged a $43 million bridge loan for BELA, a newly constructed, 104-unit, luxury multihousing community in the growing Bergen-Lafayette neighborhood of Jersey City, New Jersey. JLL represented the...
FCP provides preferred equity to Fairfield Properties for acquisition of multifamily community in Glen...
FCP announces that it recently closed on a preferred equity investment to facilitate Fairfield Properties’ acquisition of a residential community currently known as Avalon Glen Cove located in the village of Glen Cove, New York....
