MassHousing completes workforce housing financing for new, 68-unit housing community in Newton
MassHousing has closed on $1.3 million in affordable workforce housing financing to Austin Street Partners LLC, for the new, 68-unit 28 Austin Street in Newton, which offers 23 workforce housing apartments for lower- and moderate-income households. The recently completed...
JLL to exclusively market 121 East 37th Street in New York’s Murray Hill
JLL Capital Markets has been retained by PR 121 East 37 LLC to exclusively market and sell 121 East 37th Street in New York’s Murray Hill neighborhood. The 9,124-square-foot residential building includes 11 apartments....
Jonathan Rose Companies acquires Tower West Apartments on Manhattan’s Upper West Side
Jonathan Rose Companies, one of the country’s leading developers and investors in sustainable, affordable and mixed-income multifamily real estate, has acquired Tower West Apartments, a 217-unit HUD-regulated, partial Section 8, and New York City...
WinnCompanies appoints Terri Benskin as chief operating officer of WinnResidential
WinnCompanies has appointed Executive Vice President Terri Benskin as chief operating officer of its property management arm, WinnResidential, as part of the company’s plan to reinforce operational excellence while continuing its progress on strategic...
Gebroe-Hammer Associates arranges two Plainfield NJ multifamily sales totaling 97 units for $15.23 million
In the city-on-the-rise of Plainfield, N.J., Gebroe-Hammer Associates has arranged two separate multifamily transactions totaling 97 units sold for a combined $15.23M. The sales of Stoney Brook Gardens at 643-715 E. Front St., and...
JLL arranges $17.5 million loan for New Jersey apartment development
JLL Capital Markets announced that it has arranged $17.5 million in financing for the development of The Rail @ Red Bank, a 57-unit, Class A apartment project in Red Bank, Monmouth County, New Jersey. JLL...
Class A mixed-use property in Metuchen, New Jersey, trades
JLL Capital Markets announced that it has completed the $29.6 million sale of The Hub at Metuchen, a Class A, transit-oriented mixed-use residential and retail property in Metuchen, Middlesex County, New Jersey. JLL marketed the...
Newly developed luxury apartment community trades for $53 million
JLL Capital Markets announced that it has completed the $53 million sale of BELA, a newly developed, 104-unit, luxury apartment community located within a qualified opportunity zone in Jersey City’s rapidly expanding Bergen-Lafayette neighborhood. JLL...
Gebroe-Hammer Associates arranges $65 million multifamily portfolio sale of 400 units across three North...
Gebroe-Hammer Associates’ Niko Nicolaou, executive vice president, has arranged the $65M sale of the Golden Peak Portfolio, a 400-unit multifamily package spanning the Hudson Palisades region. Situated directly across from Midtown Manhattan and the...
MassHousing provides $9.9 million in financing for the acquisition, renovation and preservation of affordability...
MassHousing has closed on $9.9 million in affordable housing financing to an affiliate of Pennant Housing Group for the acquisition, renovation and preservation of the 89-unit Colonial Village Apartments in Weymouth. The transaction resolves...
CBRE secures joint venture partner for The Brookliner, a mixed-use development in Brighton, Mass.
CBRE has secured a joint venture partner for the development of The Brookliner, a mixed-use transit-oriented community in the Brighton neighborhood of Boston, Massachusetts. CBRE’s team of Simon Butler, Biria St. John and Kyle Juszczyszyn...
CBRE sells Border City Mills and River Grove Apartments for $13.7 million
CBRE today announced the sale of Border City Mills located at 2 Weaver Street in Fall River, and River Grove Apartments located at 4516 North Main Street in Fall River for $13,700,000. CBRE multi-housing experts...
JLL arranges $20.5 million loan for Jersey City apartments
JLL Capital Markets announced today that it has arranged $20.5 million in financing for the acquisition of The Ashton, a newly completed, 93-unit, Class A apartment project in Jersey City, New Jersey. JLL worked to...
Multifamily investment stumbles in NYC in 2019
Low vacancy rate. Burgeoning population. Expensive real estate. The Big Apple’s multifamily market has always been the champion compared to the rest of the country, but the recently passed rent regulations have the city...
Construction is underway at Sycamore on Main in Brockton as MassHousing closes $4.7 million...
Construction is underway at Sycamore on Main in Brockton, as MassHousing has closed on $4.7 million in financing to an affiliate of NeighborWorks Housing Solutions. The MassHousing financing will allow NeighborWorks Housing Solutions to...