MassHousing commits $3.8 million in financing for new affordable and workforce housing on Martha’s...
MassHousing has committed $3.8 million in affordable and workforce housing financing to the non-profit Island Housing Trust (IHT) for the development of Kuehn’s Way in West Tisbury, a 20-unit rental community for lower- and...
The push for rent control
In November 2018, election ballots in California might include a question on rent control. Right now, California law restricts the spread of rent regulations on housing built after 1995, in addition to many older...
Class A Livingston New Jersey multihousing development secures $49.7 million construction loan
JLL Capital Markets announced that it arranged a $49.7 million construction loan for Highgate at Livingston (Highgate), a 169-unit, mid-rise, Class A, luxury apartment development located in Livingston, New Jersey.
JLL worked on behalf of...
GFI Realty Services arranges the $1.850 million sale of Bushwick multifamily asset
GFI Realty Services announced the $1.850 million sale of 47 Stanhope Street, a multifamily building located in the Bushwick section of Brooklyn. GFI Associate Moshe Goldberger represented the seller, a local investor, and Zachary Fuchs, Associate Director of...
Griffith Pepdjonovic Group of Marcus & Millichap Facilitates $6.7 Million West Roxbury Sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a mixed-use portfolio in the West Roxbury neighborhood of Boston, Massachusetts....
Historic warehouse to be converted to multifamily units in Baltimore, Maryland
Transwestern Commercial Services (TCS) today announces its Mid-Atlantic Multifamily Group has been named the exclusive advisor for the adaptive reuse of the 138,000-square-foot historic warehouse at 1901 Light St. in Baltimore. The project could...
Invictus secures $27.5 million for 812-814 Amsterdam Ave. on New York City’s Upper West...
JLL Capital Markets announced that it has secured $27.5 million in financing for 812-814 Amsterdam Ave., a newly constructed 44-unit, 15-story, mixed-use property on the Upper West Side of Manhattan.
JLL represented the borrower, Invictus...
JLL Capital Markets promotes Elizabeth DeVesty to production
JLL Capital Markets announced that Elizabeth DeVesty has been promoted to Director with New Jersey’s multihousing investment sales team.
DeVesty will work alongside Senior Manging Directors Jose Cruz, Michael Oliver and Steve Simonelli and will primarily...
Gebroe-Hammer Associates arranges $9.72 million off-market multifamily portfolio sale in Central New Jersey
Gebroe-Hammer Associates has arranged the $9.72 million off-market sale of a three-property Middlesex County, NJ multifamily portfolio. The firm brokered the 53-unit transaction on behalf of the unnamed seller and procured the buyer, Golden...
PCCP, LLC provides $22.7 million preferred equity position for the development of a 201-unit...
PCCP, LLC has provided a $22.7 million preferred equity position to Breslin Realty Group and Fields Grade Development for the ground-up development of The Langdon Apartments, a Class A, mid-rise, 201-unit, transit-oriented development located...
Old school, new life
An abandoned school—and neighborhood eyesore—in Pennsylvania has been renovated and rehabbed into a viable piece of real estate once again.
It has happened thanks to a trio of business partners and now friends in Homestead,...
Supreme Court urged to step in on NYC’s rent-control laws
The Supreme Court is considering a petition to hear a case that challenges New York City’s rent stabilization law as pressure builds from stakeholders who say the law infringes on the rights of property...
Affordability extended for lower-income senior citizens at Methuen Housing Community as a result of...
MassHousing has provided $7.9 million in affordable housing financing to the non-profit Community Teamwork, Inc. (CTI) to preserve affordability for lower-income senior citizens at the 60-unit Merrimack Valley Apartments in Methuen and extend affordability at the community for at...
$11.9 million sale of two historic multifamily properties in prime East Orange location
Gebroe-Hammer Associates’ Executive Managing Director and East Orange market specialist David Oropeza has brokered the $11.9 million sale of 17 Summit Street and 60 North Arlington Avenue Apartments, two historic East Orange residential properties...
$25 million sale of 125 Magnolia sets new multifamily sales benchmark for emerging Jersey...
The $25M sale of 125 Magnolia at Journal Square has set a new multifamily benchmark for Jersey City’s newest upmarket neighborhood in the elevatored/pre-war apartment building category, according to Gebroe-Hammer Associates Executive Vice President...
