News

The four-building portfolio is 975 occupied and includes a mix of high-rise, mid-rise and garden-style workforce housing assets.

RealCrowd CEO Adam Hooper and Rudin Management Company Senior Vice President Michael Rudin discuss the development of Dock72 in the Brooklyn Navy Yard.

The project is the first hospital to open in 45 years in Gloucester County, NJ.

In another significant transaction in the region, Essex Realty Group reports it has brokered the recent $6.025-million sale of the former Maybelline headquarters at 5935 N. Clark St. in Edgewater, IL.

The loan collateralized by Emerson Lofts was provided by New York City-based Madison Realty Capital and allows Manhattan Building Co. to complete the first phase of the fully approved project and fund pre-development on three subsequent phases.

The automobile finance firm will occupy a portion of the third floor of the Class A, 260,382-square-foot building owned by Onyx Equities, which is currently undertaking a capital improvement program.

The Legacy Hotel & Residences will feature 278 residences sitting atop a 255-room hotel. OneWorld Properties will be leading marketing and sales for residences at the hotel that will begin at $300,000.

Alexan Enclave, a 354-unit class-A multifamily community located in West Houston's Energy Corridor, has sold to F&B Capital, which purchased the offering free and clear of existing financing.