News

The divided high court's decision could have dramatic and lasting effects on New York City's real estate development community, which commonly relies on the so-called bankruptcy remote special purpose entity loan structures to manage risk.

Eldridge bought the two hotels for an undisclosed price from SBE Entertainment Group.

The lot is over 36,000 square feet and has a four-story, 68,000 SF religious/educational facility.

Multifamily market sentiments have risen from recent lows but lenders rank its performance higher than most other forms of commercial real estate despite persistent headwinds and ongoing uncertainty.

Surges were mainly concentrated in smaller markets, supporting previous data illustrating an exodus by many home buyers and renters from urban markets into the suburbs.

The firm acquired the Silver Spring apartment community for $49.5 million and plans to implement a value-add strategy at the property.

Prestwick Cos. sold its 310-unit apartment community, the Eddy at Riverview Landing, which is currently in lease-up.

Institutional Property Advisors brokered the sale of the 300-unit apartment complex, located in suburban Phoenix.