Multifamily

The venture between Starlight Investments, the Public Sector Pension Investment Board and the Alberta Investment Management Corp. has begun its acquisition program with a class A garden complex in Denver.

Sabal Capital Partners, LLC closes a multi-million-dollar multifamily portfolio of Emerald Equity Group's affordable housing in the Bronx, completing the largest Small Balance Loan transaction in Freddie Mac's history. 

The national director of Institutional Property Advisors' multifamily platform talks the challenges and opportunities confronting investors in the sector.

The project, expected to open in 2019, will be home to George Street Playhouse, Crossroads Theatre Company, American Repertory Ballet, and Mason Gross School of the Arts at Rutgers University-New Brunswick.

The city council recently approved a 4.6 million-square-foot expansion for Tesla, which is predicted to bring 3,100 new workers to the area and further drive demand for quality housing, namely Parc 88 less than five miles away.

The MSA's historically high and sustained levels of both job creation and population growth make this region extraordinarily attractive to investors of multifamily properties.

Some renters are moving farther from their work to more-affordable locations or Orange County-adjacent markets where the rent discrepancy is significant, CBRE's John Montakab tells GlobeSt.com.

A roundup of the latest leases, sales and other transactions in the Northeast middle markets.