Monday, January 6, 2025

New England region

New England region includes: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

Monarch Commons

Governor Hochul Announces Completion of 50-Unit Affordable and Supportive Housing Development in Onondaga County

Governor Kathy Hochul announced the completion of Monarch Commons, a 50-unit affordable housing development for seniors in the Onondaga County town of Cicero. The energy-efficient development includes 15 supportive homes for veterans experiencing homelessness. “With...
Highview Apartments

Hudson Valley Property Group Completes $47M Revitalization of Rockland County New York Apartment Complexes

Hudson Valley Property Group ("HVPG"), a leading, national affordable housing preservation company, announced the completion of a $47 million preservation and renovation project at two properties located in Spring Valley, New York: Lakeview Village,...
Parkedge Townhomes

Governor Hochul Announces Completion of 184-Unit Affordable Housing Development in Utica

Governor Kathy Hochul announced renovations are complete on Parkedge Townhomes in Utica, a 184-unit Mitchell Lama development for families. Each unit at the 50-year-old complex received major upgrades and the project also funded a...
Bronx, New York City

HUD Announces Transaction to Transform Over 950 Affordable Rental Homes in The Bronx

The U.S. Department of Housing and Urban Development (HUD) announced that it recently closed a transaction to rehabilitate and preserve 983 affordable rental homes at the New York City Housing Authority’s (NYCHA) Union Avenue...
Apex One91

Institutional Property Advisors Brokers Greater Hartford Connecticut Multifamily Asset Sale

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Apex One91, a 110-unit apartment complex in Manchester, Connecticut. “Apex One91 is a newly renovated multifamily asset in a market where year-over-year...
Hanover North Cambridge

CBRE Arranges $182M Sale of 294-Unit Multifamily Complex in Cambridge Massachusetts

CBRE announced the completion of the $182 million sale of Hanover North Cambridge, a 294-unit luxury apartment complex located adjacent to the MBTA Alewife Station in Cambridge, Massachusetts. Completed in 2022, the newly developed residential...
multifamily parking requirements

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,...
Gowanus

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)....
Beals Street Brookline

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...
Farnsworth House Boston

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,...
Howe Street

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...
Charles Dr

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...
Aura Largo

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...
54 Crown

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...
Yield PRO