Northeast

WinnCos., Arch Communities Complete $47M Mixed Income Development in Braintree, Massachusetts

by Lynn Peisner October 15, 2026

BRAINTREE, MASS. — Winn Cos. and development partner Arch Communities have completed The Eastwalk, a $47 million transit-oriented development in Braintree, 12 miles south of Boston. The five-story community offers 56 low-income, middle-income and market-rate units. Thirty units are rent restricted at 60 percent of area median income (AMI), and 16 of those units are eligible for low-income project-based rental assistance. Twenty units are considered workforce housing, reserved for households earning up to 120 percent of AMI. The remaining six units are being rented at market rates. The property was …

October 15, 2026

Affordable Housing Development Finance News Northeast Washington, D.C.

Joint Venture Obtains $40M Loan for Office-to-Residential Conversion in Washington, D.C.’s West End

by Lynn Peisner October 13, 2026

WASHINGTON, D.C. — Jemal Real Estate Strategies (JRES), JLS Capital and DivcoWest have formed a joint venture to convert a 342,000-square-foot office building in D.C.’s West End into approximately 323 apartments, including about 36 affordable housing units. Madison Realty Capital has provided a $40 million loan to the development team to support the property’s acquisition and predevelopment costs. FILLAT+ Architecture is the architect, and CBG Building Co. is general contractor. JRES is a private investment platform founded by Norman Jemal, who is senior managing principal at Washington, D.C.-based Douglas Development, …

October 13, 2026

Investment Sales New Jersey News Northeast

Pantzer Buys Transit-Oriented Community in New York City Metro for $79M

by Lynn Peisner October 12, 2026

WOODBRIDGE, N.J. — Prism Capital Partners and Northwestern Mutual have sold Avenue & Green in Woodbridge to Pantzer for $79 million. The property has been renamed The Point Woodbridge. JLL’s Jose Cruz, Mike Oliver, Steve Simonelli, Elizabeth DeVesty, Austin Pierce and CJ Anania arranged the sale on behalf of the seller. Avenue & Green was completed in 2021 and comprises 232 units, a resort-style pool, courtyard, grills and outdoor dining areas, fire pit, resident lounge, billiards, shuffleboard, a fitness center, demonstration kitchen, bike storage, coworking space and parking. The property …

October 12, 2026

Affordable Housing Development Finance New York News Northeast

Joint Venture Breaks Ground on $140M Mixed-Income Development at Yonkers Lifestyle Center

by Lynn Peisner October 9, 2026

YONKERS, N.Y. — A joint venture of Saber-Hightower, Rafferty Real Estate and Eagle Realty Group, a subsidiary of Western & Southern Financial Group, has begun construction of The Ibex at Ridge Hill, a 17-story, 282-unit project located at Ridge Hill, an approximately 1.2 million-square-foot open-air lifestyle center in Yonkers. Bank OZK is providing construction financing for the $140 million project. The building will include 28 affordable units. The development team did not disclose rent restrictions, but the City of Yonkers’ regulations generally require 40 percent of affordable units to serve …

October 9, 2026

Finance New York News Northeast

Olnick Organization Secures $170.5M Refinancing for Harlem Property

by Lynn Peisner October 8, 2026

NEW YORK CITY — The Olnick Organization, a New York City-based development and property management firm founded in 1946, has refinanced one of its legacy assets, Lenox Terrace, with a $170.5 million loan provided by Chase Commercial Bank. Walker & Dunlop’s Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno and Cody Ela arranged the financing. Six 16-story buildings house Lenox Terrace’s 1,696 units, most of which are rent-regulated. The property, located at 484 Malcolm X Blvd. in Central Harlem, was developed in 1958 and …

October 8, 2026

Affordable Housing Development Massachusetts News Northeast

WinnDevelopment Secures Financing for $48M Massachusetts Affordable Housing Development

by Lynn Peisner October 2, 2026

SALEM, MASS. — WinnDevelopment has secured financing for a 115-unit, $48 million mixed-income community in Salem. The Exchange Salem will be a transit-oriented project, built adjacent to Salem’s Massachusetts Bay Transportation Authority (MBTA) commuter rail station. The seven-story ground-up development is being erected on the site of a former municipal parking lot overlooking the mass transit station and parking garage. The Exchange will comprise studios, one- and two-bedroom apartments, about half of which will be affordable to renters earning up to 60 percent of area median income (AMI). Remaining units …

October 2, 2026

Finance News Northeast Pennsylvania

Northmarq Arranges $19.1M Refinancing for Dover Run Apartments in Pennsylvania

by Lynn Peisner September 29, 2026

DOVER, PA. — Northmarq’s Philadelphia team, led by John Banas, Kris Wood, David Singer and Jeff Steigerwalt, has arranged a $19.1 million loan for the refinancing of Dover Run Apartments located at 2670 Springhouse Bend in Dover, about 51 miles north of Baltimore. Northmarq arranged the deal on behalf of the borrower, Boyd Wilson. The financing was secured through Freddie Mac’s Optigo platform. The transaction was structured on a five-year term with a 35-year amortization schedule. Built in 2019, Dover Run is a 154-unit, 13-building garden-style community with a mix …

September 29, 2026

Affordable Housing Finance New York News Northeast

Iris Holdings Group Obtains $86.4M Refinancing for Four-Property Affordable Housing Portfolio in Flushing, Queens

by Lynn Peisner September 23, 2026

NEW YORK CITY — Walker & Dunlop has arranged an $86.4 million Freddie Mac refinancing for locally based Iris Holdings Group’s 506-unit portfolio in the Flushing neighborhood of Queens. The four properties are clustered together and are within walking distance. Iris Holdings partnered with the New York City Department of Housing Preservation and Development in 2024 to preserve the this project at varying levels of affordability for the next 40 years. As part of that effort, Iris completed major building-system upgrades, unit renovations and a range of energy-efficiency improvements. Walker …

September 23, 2026

Development Finance Massachusetts News Northeast

Dinosaur Capital Partners Receives $45.8M Construction Loan for Metro Boston Development

by Lynn Peisner September 21, 2026

LEXINGTON, MASS. — Boston-based Dinosaur Capital Partners has obtained a $45.8 million construction loan to build 7 Hartwell Avenue, a 130-unit, ground up project in the Boston suburb of Lexington. JLL’s Anthony Cutone, Madeline Joyce, Michael Schwarze and Joe Marinaro arranged the loan through Affinius Capital. Slated for completion in June 2028, 7 Hartwell Avenue will consist of a five-story community featuring studios, one-, two- and three-bedroom units, including 20 affordable units. Rent restrictions were not disclosed. The development also will include 132 parking spaces, a courtyard with grilling stations, …

September 21, 2026

Affordable Housing Development Massachusetts News Northeast

Wood Partners Breaks Ground on Alta Thoreau in Concord, Massachusetts

by Lynn Peisner September 18, 2026

CONCORD, MASS. — Atlanta-based Wood Partners has broken ground on Alta Thoreau, a 237-unit community in Concord, approximately 20 miles northwest of Boston. Units will be offered as one-, two- or three-bedroom floor plans across two five-story residential buildings. Amenities include Pilates and yoga studios, a golf simulator, tavern-style lounge, coworking spaces, a pool, fire pits, a pet spa and a dog park. Alta Thoreau will be Wood Partners’ first Passive House-designed community in Massachusetts, a designation for buildings that use reduced energy. Features include porous pavement, a more sustainable …

September 18, 2026

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