Thursday, May 2, 2024

New England region

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

Hamilton Canal District Parcels 8 and 9, Lowell

MassHousing closes on $25.2 million in financing for new, mixed-income and workforce housing community...

MassHousing has closed on a total of $25.2 million in affordable housing financing to WinnCompanies for the development of 125 new rental homes in downtown Lowell. The MassHousing financing will allow WinnCompanies to advance the redevelopment of Lowell’s Hamilton Canal Innovation District, while creating new housing for households...
Print House by Vermella

JLL arranges $48.75 million loan for New Jersey apartment development

JLL Capital Markets announced that it has arranged $48.75 million in financing for the development of Print House by Vermella, a 271-unit, best-in-class apartment building in Hackensack, Bergen County, New Jersey. JLL worked on behalf...
Georgetown Townhomes

Gebroe-Hammer Associates arranges $25.5+ million sale of Class A multifamily portfolio concentrated in Woodbridge...

Gebroe-Hammer Associates has arranged the $25.5+M sale of a Class A multifamily portfolio involving 87 luxury apartment-home and townhome rental units, the majority of which are concentrated in Woodbridge Township’s Avenel and Colonia neigborhoods....
Cote Village, Mattapan

MassHousing closes on $22.6 million in financing to create a new, 76-unit affordable housing...

MassHousing has closed on a total of $22.6 million in affordable housing financing to the Planning Office for Urban Affairs (POUA) and Caribbean Integration Community Development (CICD) for the construction of the 76-unit Cote Village housing community in Mattapan.   The Planning Office for Urban Affairs and CICD...
Riverside Towers

Jonathan Rose Companies and Schochet Partner acquire Riverside Towers

The Schochet Companies and Jonathan Rose Companies have acquired Riverside Towers in Medford, Mass., for $83.5 million in a joint venture. Financed through MassHousing, Riverside Towers is designated for occupancy by elderly and disabled residents....

249-unit affordable housing portfolio in Gary, Indiana sells for $10.375 million

Affordable Housing Investment Brokerage Inc. recently sold a 14-building, 249-unit affordable housing portfolio in Gary, Indiana for $10,375,000. Managing Director Kyle Shoemaker represented both the purchaser, a private investor, and seller, a private investor,...
Fort Hill Gardens

MassHousing closes on $25.25 million in financing to extend affordability on 82 housing units...

MassHousing has closed on $25.25 million in affordable housing financing to an affiliate of  Vitus, for the preservation and rehabilitation of 82 affordable housing units in Roxbury. Vitus will utilize the MassHousing financing to combine a pair of Roxbury affordable housing communities, the Fort Hill Gardens and Esperanza...
Granite Lena Park, Boston

MassHousing closes $25.6 million in financing for the renovation and extension of affordability at...

MassHousing has closed on $25.6 million in affordable housing financing to the Lena Park Community Development Corporation for the renovation and extension of affordability for lower-income residents at the 143-unit Granite Lena Park in Dorchester.   Granite Lena Park, a 143-unit scattered-site affordable housing development, was last substantially...
Avalon Tinton Falls

JLL closes sale of Avalon Tinton Falls in Monmouth County

JLL Capital Markets announced that it has closed the sale of Avalon Tinton Falls, a 216-unit, Class A garden-style apartment property in Tinton Falls, Monmouth County, New Jersey. JLL marketed the property exclusively on behalf...
Archer Towers

JLL selected by BRP Companies to arrange joint venture equity for $286 million Archer...

JLL Capital Markets was selected by BRP Companies to arrange joint venture equity financing for the construction of the $286 million Archer Towers project. The residential development is located at 163-05 Archer Avenue in...
Bayside Cove

$43+ million sale of Bayside Cove Apartments in Central Jersey brokered by Gebroe-Hammer Associates

Gebroe-Hammer Associates has brokered the $43.45M sale of 125 Class A units at Central Jersey’s Bayside Cove, a newly constructed townhome-style rental community in South Amboy, N.J. The firm’s market specialists Executive Managing Director...
Ivy Lane Apartments

JLL arranges $30 million financing for New Jersey multihousing property

JLL Capital Markets announced that it has arranged $30 million in financing for Ivy Lane, a 237-unit, garden-style multihousing community in Bergenfield, Bergen County, New Jersey. JLL worked on behalf of the borrower, Tower Management...

NY Dem candidate is on a “rent strike”

In New York City’s well-heeled 12th Congressional District, a housing activist named Pete Harrison is running in the Democratic primary to unseat incumbent Congresswoman Carolyn Maloney. But that’s not the only campaign he’s waging....

Morgan Properties launches Morgan Cares

Morgan Properties, one of the nation's largest and fastest-growing multifamily owners, announced today the launch of Morgan Cares, a program created to support local hospitals and food banks as they combat the COVID-19 pandemic...
Villas at Langley

Value-add apartment community outside Washington DC sells for $87.5 million

Transwestern Real Estate Services (TRE) announces its Mid-Atlantic Multifamily Group has brokered the sale of Villas at Langley, a 590-unit, value-add investment property in Hyattsville, Maryland. Klein Holdings sold the garden-style asset to Jair Lynch...
Yield PRO