-
July 16, 2018
| By Erika Morphy
The 382-unit apartment high-rise is under contract for $170 million, or $445,026 per unit, according to a source.
-
July 16, 2018
| By Steve Lubetkin
The construction financing includes a $32.8 million senior loan provided by Ameris Bank and $5 million in preferred equity investment from RSE Capital Partners.
-
July 16, 2018
| By John Jordan
The Winter Park, FL project named Watercrest Winter Park will be developed by Vero Beach, FL-based Watercrest Senior Living and Titan Development Real Estate Fund 1.
-
July 15, 2018
| By Lisa Brown
Dalcor Holdings recently purchased Vista on Gessner, an 805-unit multifamily development, and will convert all units into upgraded affordable housing for 60% of the area median income.
-
Middle Market Digest
July 13, 2018
| By Steve Lubetkin
A roundup of the latest leases, sales and other transactions in the Northeast middle markets.
-
Middle Market Digest
July 13, 2018
| By Brian J. Rogal
The latest deals, trends and projects in the Midwest.
-
Event Coverage
July 13, 2018
| By Betsy Kim
When asked, “How’s the market?” Avison Young’s James Nelson says it’s a “Tale of Three Markets.”
-
July 13, 2018
| By John Jordan
Tony Cho, CEO of Metro 1, says his firm is seeking a hospitality partner to co-develop the one-acre site located at the intersection of Northwest 2nd Avenue and 29th Street. The conceptual plan calls for the development of hospitality, office, retail and possibly residential space.
-
July 13, 2018
| By Kelsi Maree Borland
The firm has been approved as a seller-servicer for Freddie Mac’s targeted affordable housing express offering to provide a capital solution for sub $10 million affordable housing deals.
-
July 13, 2018
| By Kelsi Maree Borland
Pacific Gate by Bosa is the first super prime residential building to open on the waterfront, and it is revealing the future of the submarket.
-
News
July 13, 2018
| By Steve Lubetkin
“Each of these Monmouth County class-B properties is poised for value-add enhancements and are among the most attractive asset class for investors, particularly since they account for almost 64% of the Central Jersey metro’s total inventory,” says Gebroe-Hammer's Adam Zweibel.
-
July 12, 2018
| By John Jordan
Less than a year after the city passed a comprehensive rezoning of Far Rockaway, the city’s Department of Housing Preservation and Development and Housing Development Corp. also reported on Wednesday they recently closed on construction financing to deliver 457 units of affordable housing for the initial phase of the Far Rockaway Village project.
-
Thought Leadership
July 12, 2018
| By Sean Daly, PE
Construction lending in New York City remains robust, with many high-end deals and luxury developments abounding and no shortage of commercial real…
-
July 12, 2018
| By John Jordan
Passco's portfolio in the Sunshine State now totals more than 3,000 units, according to Colin Gillis, VP of acquisitions, southeast at Passco.
-
July 12, 2018
| By Erika Morphy
The Atlanta, Boston and Chicago offices have joined forces to share information and deal flow on behalf of their clients.
-
July 11, 2018
| By Kelsi Maree Borland
San Diego has one of the largest millennial populations in the country, and they could have big implications for real estate investment.
-
Video
July 11, 2018
| By Steve Lubetkin
The project will include 160 new units of high-quality, affordable rental housing for older adults and adults with special needs.
-
July 10, 2018
| By John Jordan
The 337,892-square-foot property consists of 16 three-story buildings. Waypoint Residential recently upgraded all unit interiors, which resulted in a notable rent increase and therefore now presents a strong value-add opportunity for the new ownership, according to Cushman & Wakefield.
-
July 10, 2018
| By John Jordan
The campus is currently used for administrative functions of the New York State Office for People with Developmental Disabilities, which occupies four buildings on the site as well as the on-site power plant. In March 2017, ESD issued a Request for Expressions of Interest for the site.
-
News
July 10, 2018
| By Erika Morphy
The New York-based firm is financing the property through Freddie Mac, whose debt was secured by HFF.
-
July 10, 2018
| By Steve Lubetkin
“Siena is indicative of active living communities, a rapidly growing subsector of senior living that appeals to adults ready to downsize, live near neighbors like themselves, but not quite ready for the more traditional independent senior living community,” says Michael Hartman, principal – active living, Capitol Seniors Housing.
-
July 10, 2018
| By John Jordan
Darby, the president and CEO of The Beach Co., a full-service real estate brokerage, development, management and construction services business, says office tenants are looking for space that is fully-equipped and with all the amenities that will keep their respective workforces productive and happy.
-
July 10, 2018
| By Kelsi Maree Borland
Multifamily rents are growing rapidly in San Diego, and the city may start to see some of the community push-back that has been growing in Los Angeles and San Francisco.
-
July 10, 2018
| By Steve Lubetkin
"With its current occupancy rate of 98%, strong fundamentals, along with corporate and business expansion, we believe this acquisition is an excellent opportunity to increase our presence in Georgia, a target area for our firm,” says Albert Lord III, founder and CEO of Lexerd.
-
July 09, 2018
| By John Jordan
The transaction in Huntersville, which closed on July 5, is the largest financing deal for Trez Forman in North Carolina this year. So far in 2018, Trez Forman has lent approximately $98 million in construction and acquisition financing for North Carolina residential projects.
-
July 09, 2018
| By Betsy Kim
Co-founders and principals of Standard Companies, Jeffrey E. Jaeger and Scott J. Alter, share key pointers on affordable housing.
-
Video
July 09, 2018
| By Steve Lubetkin
From the time the LSRP program was fully implemented in 2012 to the end of 2015, NJDEP reported that the number of cases closed rose from 1,200 to 7,500. This number surpassed 10,000 in 2017 and is on pace to reach 12,000 this year.
-
July 09, 2018
| By Kelsi Maree Borland
Several thousand units are scheduled to come to market this year, but Hankey Investment Co. of CIRCA isn’t worried about absorption.
-
Middle Market Digest
July 06, 2018
| By Steve Lubetkin
A roundup of the latest leases, sales and other transactions in the Northeast middle markets.
-
July 06, 2018
| By Steve Lubetkin
“I’ve seen firsthand the stimulus of tax credits on the affordable housing industry and how they help to create quality homes," says Monarch Private Capital's Sean Cammann.
-
July 06, 2018
| By Kelsi Maree Borland
The latest quarterly report shows vacancy rates inching up while rental rates continue to climb.
-
July 06, 2018
| By Kelsi Maree Borland
There is huge investor demand for workforce housing product, and the latest deals are setting market records.
-
July 06, 2018
| By John Jordan
There were 140 multifamily transactions in South Florida in the first quarter of this year, an 8.5% increase as compared to a year earlier. Multifamily per-unit prices also rose in Miami-Dade, Broward and Palm Beach counties.
-
July 05, 2018
| By Betsy Kim
Qatar state-owned, Katara Hospitality purchased 100% of the ownership in the iconic, New York destination.
-
News
July 05, 2018
| By Erika Morphy
The company will announce its plans for development at a future date.
-
Event Coverage
July 05, 2018
| By Lisa Brown
Home building professionals at last week’s PCBC 2018 heard from Joyce Mihalik, Forest City Realty Trust, and Renee Loveland, Gerding Edlen, in a session, Reducing Friction for Green Multifamily Buildings.
-
July 05, 2018
| By Kelsi Maree Borland
San Diego density is happening inland, while Orange County is seeing density in the coastal markets, and it is attracting local developers.
-
July 05, 2018
| By Kelsi Maree Borland
There have been a huge volume of 1031 exchange deals this year, but Marcus & Millichap’s Tyler Leeson says the volume is nothing new.
-
July 03, 2018
| By Kelsi Maree Borland
Multifamily occupancy rates climbed above 90% in the first quarter and rental rates bump more than 2%.
-
July 03, 2018
| By John Jordan
The overall decline in the broker confidence index was due to brokers’ concern for future leasing and financing conditions in both the residential and commercial real estate markets, REBNY states.
-
News
July 03, 2018
| By Erika Morphy
Republic Properties Corp. scooped up the 344-unit value add property.
-
July 03, 2018
| By Betsy Kim
Halstead Property president Richard Grossman tells GlobeSt.com for Manhattan apartments buyers are negotiating prices down.
-
July 03, 2018
| By Kelsi Maree Borland
With a healthy retail base and few multifamily investment opportunities, Anaheim has become a target market for national and international investors.
-
July 03, 2018
| By Kelsi Maree Borland
Apartment owners are letting the perfect tenant slip away by making simple communication errors that can be easily solved with technology.
-
July 03, 2018
| By Steve Lubetkin
Old Fourth Ward’s booming growth has been spurred largely by the Atlanta BeltLine, which is responsible for 30,000 permanent jobs and nearly $10 billion in economic development.
-
July 03, 2018
| By Lisa Brown
During PCBC last week, the session, Components of Equity Today, explored the various types of equity playing within the land and capital space today, featuring moderator Steven Friedman of Cohn Resnick.
-
July 02, 2018
| By Lisa Brown
Bright Realty recently broke ground on the new lifestyle destination that includes office, dining, retail, entertainment and multifamily developments, with Phase I of the project called Offices at The Realm.
-
July 02, 2018
| By John Jordan
Mayor Bill de Blasio and City Council Speaker Corey Johnson jointly announced on Sunday that New York City would become one of the first jurisdictions in the country to conduct environmental investigations for all children under 18 years old with a blood lead level of 5 micrograms per deciliter.
-
July 02, 2018
| By Brian J. Rogal
Most say they prefer to live near their job, ahead of living close to friends and family, or near entertainment, dining and shopping.
-
July 02, 2018
| By Betsy Kim
The Board of Standards and Appeals has given the go-ahead for Gamma Real Estate’s 800-foot residential tower, so a neighborhood alliance is taking them both to court.
