Permanent financing secured for Centurion Union redevelopment
JLL Capital Markets announced that it arranged permanent financing for Centurion Union, a newly constructed 80-unit luxury apartment building located at 975 Bonnel Court in the vibrant Union Center neighborhood of Union, New Jersey.
JLL...
Coming up empty in Manhattan
The number of empty apartments for rent in Manhattan soared to their highest level in recent history, topping 13,000, as residents fled the city and landlords struggled to find new residents.
The number of apartments...
Affordability extended for lower-income senior citizens and families at Stoneham Housing Community as a...
MassHousing has provided $32.7 million in affordable housing financing to an affiliate of Atlantic Tambone Management, LLC to preserve and extend the affordability for lower-income senior citizens and families for at least 31 years at the 194-unit Mountain...
Gebroe-Hammer Associates arranges $19.5 million sale of the St. George Harrison Apartments in Hudson...
Gebroe-Hammer Associates has arranged the $19.5M sale of St. George Harrison Apartments, a newly developed 60-unit midrise in the Hudson County borough of East Newark, N.J. Executive Vice President Niko Nicolaou, the firm’s Hudson...
CBRE arranges $16.3 million 1031 exchange sale of Hartford workforce housing portfolio
CBRE announced the 1031 sale of the Hartford Workforce Housing Portfolio, which consists of 217 apartments, for $16.3 million. The sale included 873 West Boulevard and 748 New Britain Avenue in Hartford, Conn., comprising...
$20.5 million refinancing secured for Garabrant in New Jersey
JLL Capital Markets announced that it has arranged a $20.5 million refinancing for Garabrant in Jersey City, New Jersey.
JLL worked on behalf of the borrower, Point Capital Development, LLC, to place the 10-year, fixed-rate...
Gebroe-Hammer’s Niko Nicolaou orchestrates $9.75 million sale of two-property multifamily portfolio in Journal Square...
In the heart of Jersey City’s trendy and newest revitalized neighborhood—Journal Square—Gebroe-Hammer Associates’ Executive Vice President Niko Nicolaou has arranged the $9.75M sale of a two-property multifamily portfolio. Combined, 618-620 Summit Ave., and 88-94...
CBRE arranges sale of Bell Stoughton
CBRE announced that it has arranged the sale of Bell Stoughton, a Class A multifamily community located at 400 Technology Center Drive in Stoughton, MA.
CBRE Capital Markets’ multihousing experts Simon Butler, Biria St. John...
Gebroe-Hammer’s Niko Nicolaou arranges $23.75 million sale of the Fairmount at McGinley Square in...
In one of Jersey City’s most popular budding multifamily investment submarkets, Gebroe-Hammer Associates has arranged the $23.75M sale of The Fairmount at McGinley Square, featuring 58 newly constructed Class A apartment homes atop 3,200...
GFI Realty trades Staten Island 112-unit six-story elevator asset for $11.9 million
GFI Realty Services, LLC announced the $11.9-million sale of 100 Belmont Place & 101 Daniel Low Terrace, two six-story elevator apartment buildings occupying a single lot, in the St. George section of Staten Island. The asset...
New Jersey property gets construction financing for redevelopment
JLL Capital Markets announced it has arranged construction financing for Iron Ore Properties for the development of a 25,000-square-foot mixed-use building with 11 luxury apartments at 104 Baker Street in downtown Maplewood, New Jersey.
JLL...
Fairstead appoints Gladys Chen as chief people officer
Fairstead, a fully-integrated real estate firm committed to affordable housing, announced the appointment of Gladys Chen as its first Chief People Officer (CPO).
As Fairstead’s new CPO, Chen will provide strategic and operational Human Resources...
Gebroe-Hammer Associates reports $458.79 million in multifamily sales at midyear 2020
A strong Q1 for Gebroe-Hammer Associates and an agile approach to finalizing multifamily sales transactions during COVID-19’s Q2 have yielded an impressive total of 33 deals sold for $458,791,000 and 3,009 units at the...
Meridian Capital Group arranges $92 million in financing for a multifamily portfolio in Newark,...
Meridian Capital Group, America’s most active dealmaker, arranged $92 million in financing to refinance a multifamily portfolio consisting of four properties in Newark, Dover, and Wilmington, DE.
The three 10-year Freddie Mac loans, provided by...
CBRE sells Pynchon Terrace and Edgewater Apartments for $76 million
CBRE announced the sale of Pynchon Terrace and Edgewater Apartments located at 101 Lowell Street in Springfield, Massachusetts, for $76,000,000.
CBRE Capital Markets’ multihousing experts Simon Butler, Biria St. John and John McLaughlin and the...
