Gebroe-Hammer arranges two sales involving 72 apartment units in Union County, New Jersey
Gebroe-Hammer Associates has arranged two separate multi-family property sales for a combined $15.75 million totaling 72 units across Union County, N.J. The trades were orchestrated by Executive Vice Presidents Niko Nicolaou and David Jarvis...
MassHousing closes on $33.1 million in financing for the extension of affordability and property...
MassHousing has closed on a total of $32.8 million in affordable housing financing to the Madison Park Development Corporation (MPDC), for the preservation of affordability and property rehabilitation at the 131-unit Haynes House in...
HUD charges New York housing providers with discriminating against resident with disabilities
The U.S. Department of Housing and Urban Development (HUD) today announced it is charging a New York property owner and manager with housing discrimination. HUD alleges that James W. Ray Jr., Jim Ray Homes, Inc.,...
Prism and Northwestern complete purchase of Woodbridge, N.J., redevelopment site
A joint venture of Prism Capital Partners and Northwestern Mutual Insurance Company has completed the purchase of a five-acre redevelopment parcel at the corner of Rahway Avenue and Green Street in Woodbridge. With full...
HFF arranges $13.25M refinancing for SOMA in Somerville, New Jersey
Holliday Fenoglio Fowler, L.P. (HFF) announces that it has arranged the $13.25 million refinancing of SOMA, a 69-unit luxury apartment community in Somerville, New Jersey. HFF worked exclusively on behalf of the borrower, Sterling Properties...
CBRE Multifamily Group sells Fountainhead Apartments to FPA Multifamily, LLC for $130 million
The CBRE Capital Markets team today announced the sale of Fountainhead Apartments in Westborough, Massachusetts, for $130,000,000. Fountainhead Apartments is a 562-unit 100 percent market-rate apartment community spread through three eight-story buildings that are situated...
Tryko Partners acquires Camden Court Apartments in Baltimore, Md.
Tryko Partners, LLC has expanded its multifamily portfolio with the addition of Camden Court, a 221-unit high-rise apartment community in downtown Baltimore. The private equity investment group has plans to launch a multi-million-dollar capital...
Cushman & Wakefield brings Bergen County multifamily asset to market
River Edge at Garfield, a newly constructed, 104-unit luxury apartment community at 600 Autumn Lane in Garfield, has come online for sale, announced Cushman & Wakefield. The commercial real estate services firm’s New Jersey...
Washington property company’s 8250 Solaire Georgia Avenue apartment building delivers
Washington Property Company (WPC) has delivered its latest luxury apartment community, Solaire 8250 Georgia Avenue. This 20-story, amenity-rich 338-unit residence is located just two blocks from the Silver Spring (MD) Metro and multi-modal transit...
The Annex Group’s Tom Tomaszewski joins NAHB Multifamily Council Board of Trustees
The Annex Group, LLC, a leading student and affordable housing developer, is pleased to announce the appointment of Tom Tomaszewski, chief operating officer of The Annex Group and president of Annex Construction, as a...
Walters brings 91 affordable senior housing units to Seaside Heights
Walters, an award-winning developer based in Barnegat, N.J., has completed Cornerstone At Seaside Heights, a new premium age and income-restricted apartment community. Walters redeveloped the site which involved the demolition of several aging buildings...
CBRE Multifamily Group sells Waterford Place to Forest Properties for $67 million
CBRE Capital Markets team today announced the sale of Waterford Place in Manchester, New Hampshire, for $67 million. Waterford Place is a 384-unit 100 percent market-rate apartment community spread over 66.5 acres just off Interstates...
325 Ferry Street luxury rental residences now open in ultra-hip North Ironbound neighborhood
325 Ferry Street, northern New Jersey’s newest collection of luxury rental residences in a walkable, commuter-friendly, and entertainment-packed location, is now open in Newark’s bustling North Ironbound neighborhood. The community recently debuted to the public...
New Providence Gardens sells for $58.5M in transaction arranged by Gebroe-Hammer Associates
New Providence Gardens, a 232-unit garden-apartment community located within one of the most affluent corners of New Jersey, has been sold for $58.5 million in a trade arranged by Gebroe-Hammer Associates of Livingston. Executive...
Rent control laws seize New York apartments
Last ditch attempts by real estate developers to thwart final approval of rent control legislation was just too late, reported the New York Times. “There was some arrogance on the part of the real estate...
