Institutional Property Advisors closes apartment asset sale in New Haven Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of West Gate Townhomes, a 135-unit multifamily asset in New Haven, Connecticut. “West Gate Townhomes is a unique asset offering spacious suburban...
CBRE arranges sale of Regency Place to affiliate of Harbor Group International
CBRE announced that it has arranged the sale of Regency Place, a 120-unit multifamily community located at 7000 Horseshoe Lane in Wilmington, MA. CBRE Capital Markets’ multihousing experts Simon Butler, Biria St. John and John...
Institutional Property Advisors closes 294-unit multifamily asset in Connecticut
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Westville Village Apartments, a 294-unit apartment complex in New Haven, Connecticut. “New Haven’s ongoing growth in the educational, biotech and medical...
Solaris Lofts in Jersey City refinanced with $20.03 million agency loan
JLL Capital Markets announced that it has arranged a $20.03 million refinancing for Solaris Lofts, a 72-unit multihousing community in Jersey City, New Jersey. JLL worked on behalf of the borrower, PERE Holdings, to secure...
$90.5 million financing arranged for two multihousing properties in Hoboken
JLL Capital Markets announced that it has arranged $90.5 million in financing for The Vanguard and North Independence multihousing properties in the bustling Shipyard neighborhood of Hoboken, New Jersey. JLL worked on behalf of Ironstate...
CBRE arranges sale of Bell at Salem Station multifamily community to affiliate of Pacific...
CBRE announced that it has arranged the sale of Bell at Salem Station, a 266-unit, 100 percent market multifamily community located at 190 Bridge Street in Salem, Mass. CBRE Capital Markets’ multihousing experts Simon Butler,...
CBRE arranges sale of Washington Crossing multifamily community in Woburn, Massachusetts
CBRE announced that it has arranged the sale of the leasehold interest of Washington Crossing, a Class A multifamily community located at 55 Cedar Street in Woburn, MA. CBRE Capital Markets’ multi-housing experts Simon Butler,...
Luxury Connecticut multihousing building sold for $53 million
JLL Capital Markets announced that it has closed the $53 million sale of The Sheffield SoNo, a 136-unit, luxury, transit-oriented apartment building with ground-floor office space located along the waterfront in Norwalk, Connecticut. JLL marketed...
NYC rent declines surpass those of the great recession
New York City rents have fallen more this year than they did during the Great Recession, according to StreetEasy's November 2020 Market Reports. Driven by the Covid-19 pandemic, Manhattan rents dropped the most out of the three boroughs...
CBRE arranges sale of Mill Falls Apartments in Methuen, Massachusetts for $13.8 million
CBRE announced today that it has arranged for the sale of Mill Falls Apartments in Methuen, Massachusetts for $13.8 million. CBRE Capital Markets’ multi-housing experts Simon Butler, Biria St. John and John McLaughlin exclusively represented...
MassHousing closes on $26.4 million in financing for the refinancing and substantial renovation of...
MassHousing has closed on $26.4 million in affordable housing financing to the non-profit Affordable Housing and Services Collaborative, Inc., to support the refinancing and major rehabilitation of the 248-unit Powdermill Village in Westfield. Powdermill Village...
$21.65 million in refinancing secured for The Lexington apartments in Hoboken
JLL Capital Markets announced that it has arranged $21.65 million in refinancing for The Lexington, a multihousing community consisting of 50 apartments across two, five-story buildings in Hoboken, New Jersey. JLL worked on behalf of...
Investment secured for one of the largest multihousing assets on Long Island
JLL Capital Markets announced that it has arranged joint venture equity for Rosemont Brookhaven, a 795-unit, garden-style multihousing property in the Long Island village of Bellport, New York. JLL worked on behalf of Investcorp, to...
Newly constructed 745 Hamilton apartments refinanced for $12 million
JLL Capital Markets announced that it has arranged a $12 million refinancing for the newly constructed 745 Hamilton apartments in Somerset, New Jersey. JLL worked on behalf of Country Classics at Hamilton to secure the...
PEEK Properties secures construction loan for Class A Opportunity Zone multifamily project in Orange,...
PEEK Properties (PEEK) has secured $9,750,000 in construction financing for the first of three new-construction Qualified Opportunity Zone (QOZ) multifamily properties in the City of Orange, N.J. PEEK, a commercial real estate investment, development...