Fewer parking space requirements, lower rents
New research suggests reductions in parking space requirements for apartment projects can lower development costs and rents and lessen environmental impacts.
Parking regulations are a central zoning component of apartment development in the U.S. But,...
Ariel Property Advisors Arranges Sale of Gowanus Development Site for $29.5 Million
Ariel Property Advisors has arranged the sale of a 421a vested, mixed-use development site offering 101,852 buildable square feet at 125 3rd Street in the Gowanus neighborhood of Brooklyn for $29.5 million ($290 /BSF)....
Marcus & Millichap Brokers the $5 Million Sale of Greater Boston Apartments
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Beals Street Apartments, a nine-unit apartment property located at 10...
MassHousing Provides $14.5 Million for the 76-Unit Farnsworth House for Low-Income Seniors in Boston
MassHousing, working with Rogerson Communities, has closed on $14.5 million in affordable housing financing to Charles H. Farnsworth Senior Housing Corporation, owner and developer of the 76-unit Farnsworth House for older adults in Boston,...
Marcus & Millichap Arranges the $6.6 Million Sale of a New Haven Three-Property Multifamily...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 91, 95 and 97 Howe Street, a 44-unit contiguous apartment...
Institutional Property Advisors Closes Multifamily Asset Sale
Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Charles Drive, a 67-unit multifamily property in Manchester, Connecticut.
"Manchester is home to a large population of renters working in the
aerospace,...
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...
Klein Enterprises closes $85 million loan for Largo Development
Klein Enterprises, a vertically integrated investor, developer, and operator of diversified real estate holdings, announced that the company closed an $85 million loan for the development of Aura, a transit-oriented luxury apartment complex in...
JLL arranges $233 million in construction financing for 569-unit Brooklyn rental development
JLL Capital Markets announced that it has secured $233 million in construction financing for the ground-up development of 54 Crown, a 569-unit multihousing development located at 54 Crown St., in Crown Heights, Brooklyn.
JLL worked...
Griffith Pepdjonovic Group of Marcus & Millichap brokers the $2.3 million sale of suburban...
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 15-unit multifamily property located in Stoneham, Massachusetts. The 7,084-square-foot asset...
New Jersey apartment community trades
JLL Capital Markets announced that it closed on the sale of Addison at Princeton Meadows, a 440-unit, garden-style multihousing community located in Plainsboro, New Jersey.
JLL worked on behalf of the seller, a joint venture...
Gebroe-Hammer Associates inks sale of generationally owned multifamily asset in Elizabeth, NJ
Gebroe-Hammer Associates has arranged the sale of a 126-unit, garden-apartment community with generational ownership of 40+ years in Union County, N.J.’s City of Elizabeth. Executive Vice President Stephen Tragash exclusively represented the seller and...
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...
Excelsa Properties acquires $105.5 million multifamily community in Laurel, Maryland
Excelsa Properties announced that it has acquired Concord Park at Russett, a 335-unit multifamily property located at 7903 Orion Circle in Laurel, Maryland. The $105.5 million acquisition represents the fourth multifamily property acquisition of...
MassHousing to provide $5.2 million in financing for new affordable rental housing for families...
MassHousing is providing $5.2 million in affordable housing financing to the non-profit Way Finders, for the development of the 62-unit Rosewood Way Townhomes for families with a range of incomes in Agawam.
Located in Agawam’s...
