Multifamily

Prospect Ridge Advisors will be led co-chief investment officers Brahm Cramer and Jay Nydick. Both Cramer and Nydick were most recently partners at AllianceBernstein and founded its US Real Estate Investments group in 2009 and its Commercial Real Estate Debt Group in 2013.

The new permanent loan replaces the $185 million construction loan for the multifamily property on Manhattan's far West Side.

Marina Square is a three-asset class mixed-use waterfront development that will include multifamily, hospitality and paid parking which are needed after increases in population and housing demand in Bremerton.

The partnership plans to invest additional capital in the 592-unit garden style apartment community.

In our exclusive audio interview, Michael Mullin, president of Integrated Business Systems, discusses reasons why the construction industry should move away from paper-based management to digital documents.

According to the opening economic session at NMHC Apartment Strategies Outlook Conference, tariffs are the biggest concern and will be one of the triggers that will push us into a recession.