Former Colonial Nursing Center in Massachusetts to be converted to apartments
JLL Capital Markets announced it closed the sale of the former Colonial Nursing Center in Weymouth, Massachusetts. The buyer plans to convert the property to a workforce housing asset.
Located at 125 Broad St., the...
Rising tide raises all rates
The state now expects all of the utilities it regulates to consider how sea level rise, extreme weather and other possible effects related to climate change will affect their operations and reliability as they...
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....
$82.5 million sale of New Jersey multihousing community
JLL Capital Markets announced that it has closed the $82.5 million sale of The Mark Parsippany, a 212-unit, four-story, Class A, luxury apartment community in Parsippany, New Jersey.
JLL represented the seller, an affiliate of...
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...
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....
Multihousing ka-boom
Buzz on the deal abounds. Richard LeFrak, whose family built LeFrak City, a 5,000-unit affordable housing complex in Queens, has already expressed interest in managing the properties.
Tishman and its partner BlackRock Realty—which defaulted on...
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,...
Multihousing property in Murray Hill sells for $8.7 million
JLL Capital Markets announced that it has completed the $8.7 million sale of 121 East 37th St., an 8,850-square-foot multihousing building in New York’s Murray Hill neighborhood.
JLL represented the seller. Kay-Medix acquired the newly...
Related and Hudson to bring 340 new units of affordable housing to Roosevelt Island
Related Companies and The Hudson Companies announced plans to bring 340 new units of affordable housing to Roosevelt Island. The developers and their city and state partners at the New York City Housing Preservation...
Riverside Capital adds to investments in Camden, NJ
Riverside Capital, LLC (Riverside) is pleased to announce it has invested $15.5 million in Branch Village Townhomes, the second of a planned four-phase redevelopment of the Clement T. Branch public housing community in the...
20-year industry veteran, Gila R. Cohen, joins Castle Lanterra as a managing partner
Castle Lanterra Properties (CLP) has appointed Gila Cohen as Managing Partner. In her new role, Cohen will focus on leading the firm’s corporate strategy, mergers and acquisitions, and private placement efforts.
Cohen brings to CLP...
CPC closes $100 million Freddie Mac SBL portfolio in New York City
The Community Preservation Corporation (CPC), a Freddie Mac Seller/Servicer and leading nonprofit housing and community revitalization finance company, announced the closing of a $100 million portfolio under the Freddie Mac Small Balance Loan (SBL)...
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...
Multihousing asset buy in North New Jersey financed for $54 million
JLL Capital Markets announced that it has arranged $54 million in acquisition financing for Montclair Residences at Bay Street Station, a 163-unit, transit-oriented multihousing community in the suburban New York City community of Montclair,...
