New York

Fairstead has acquired a 45-story, 612-unit property in an acquisition that serves as the largest single-asset multifamily sale in Philadelphia's history.

The New York-based firm has purchased a 8,500-square-foot, mixed-use building located at 829 Madison Ave.

The Freddie Mac Optigo loan will refinance the original construction loan for a 489-unit, luxury community within the master-planned development, The Hub at Ronkonkoma.

The Fannie Mae loan will refinance existing debt and fund more than $60 million in capital improvements at the cooperative housing community.

The firm has purchased a 115,000-square-foot lot located at 24-01 Queens Plaza North and plans to construct more than 100 turn-key residences.

The unmasking tool from Cherre gives investors reliable valuation data to gain a competitive advantage in the market.

Driven by luxury and essential retailers, the surge in leasing is not enough to move the needle on availability.

Ground leases provide early capital at a favorable rate, helping to de-risk the deal for construction lenders.