$56 million construction financing secured for Manhattan multihousing property
JLL Capital Markets announced it has secured $56 million in construction financing for the development of 202 E. 23rd St., a mixed-use, passive house designed, multihousing property consisting of 108 units, located on the...
Foulger-Pratt to develop 343-unit apartment community in Bethesda, Maryland
Foulger-Pratt based in Potomac, Md. will develop The Rae at Westlake at 10401 Motor City Drive adjacent to Westfield Montgomery Mall in Bethesda, Md. The five-story, 343-unit building will include 299 market-rate and 44...
MassHousing closes approximately $19 million in financing for the second phase of the transformative...
MassHousing has closed on approximately $19 million in affordable and workforce housing financing to Trinity Financial, Inc., which is developing the 111-unit Phase Two of the Enterprise Center in Downtown Brockton for residents with...
Universe Holdings makes first East Coast acquisition with $60 million purchase in Toms River,...
Universe Holdings has made its first investment on the East Coast with the acquisition of Mariners Cove, a 226-unit townhome community in Toms River, New Jersey for $60 million. The acquisition coincides with the opening...
Mixed-use property in West Hartford sells for $40.5 million
JLL Capital Markets announced that it has closed the $40.5 million sale of Blue Back Square, a dynamic 445,661-square-foot mixed-use property with ground floor retail, best-in-class office and medical office space, along with 48...
Gebroe-Hammer’s David Oropeza arranges $14.95 million East Orange portfolio sale
In East Orange, where transportation and connectivity are at the crux of the city’s urban revival, a 113-unit, three-property multifamily portfolio has traded for $14.95M in a sale orchestrated by Gebroe-Hammer Associates. Executive Managing...
350-unit apartment asset sale in Stamford Connecticut brokered by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Hoyt Bedford, a 350-unit apartment complex in Stamford, Connecticut. “Hoyt Bedford is a 100 percent market-rate, legacy asset located on the edge...
Gelfund Real Estate Opportunities buys Baltimore apartment property for $30 million
Transwestern Real Estate Services (TRS) announces its Mid-Atlantic Multifamily Group has brokered the sale of Milford Station Apartments, a 200-unit, value-add investment property at 19 Warren Park Drive in Pikesville, Maryland. Real estate investment...
Niche multifamily asset sale brokered by Institutional Property Advisors in Stamford Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 100 Prospect Apartments, a 94-unit multifamily asset in Stamford, Connecticut. “100 Prospect is an exceptionally well-located niche apartment property just steps...
Beachwold Residential acquires Alvista Willow Brook in CT, financing secured
JLL Capital Markets announced it arranged a $28.5 million acquisition financing for Alvista Willow Brook, a 180-unit multihousing property located in Meriden, Connecticut, that will now go by the name The Arlo. JLL represented the...
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...
