Northeast

Akridge, National Development Complete First Phase of Mixed-Use Project in D.C.

by Channing Hamilton April 17, 2025

WASHINGTON, D.C. — Akridge and National Real Estate Development have opened Colette and Everly, two apartment communities situated within The Stacks, a mixed-use project in the Buzzard Point neighborhood of Washington, D.C. The openings of Colette and Everly mark the completion of the mixed-use project’s first phase. Phase I of The Stacks totals nearly 1 million square feet, including three apartment buildings with 1,116 units and more than 90,000 square feet of amenity spaces. Phase I also includes approximately 22,000 square feet of public parks, 40,000 square feet of retail …

April 17, 2025

Affordable Housing New York News Northeast

Slate, Queens Future to Develop 450-Unit Affordable Housing Project

by Channing Hamilton April 16, 2025

NEW YORK CITY — Locally based developer Slate Property Group (Slate) and Queens Future LLC, which is a joint venture between Mets owner Steve Cohen and Hard Rock International, have formed a partnership to develop a 450-unit affordable housing project located in the Corona neighborhood of Queens. The site is located at 54-19 100th St., currently houses a parking lot adjacent to an existing affordable housing complex. Units will feature a range of floor plans and income restrictions, and the property will have community and amenity space, including an improved …

April 16, 2025

Development Finance New Jersey News Northeast

Tishman Speyer Receives $331 Million Construction Loan for Jersey City Apartment Tower

by Channing Hamilton April 15, 2025

JERSEY CITY, N.J. — Tishman Speyer has received a $331 million loan from global investment group CDPQ for the construction of a 40-story apartment tower in Jersey City. Located at 50 Hudson St. in the Paulus Hook neighborhood, the community will consist of 924 apartments and 10,000 square feet of street-level retail space. Units will come in studio, one- and two-bedroom floor plans. The New York City-based developer plans to break ground on the tower in the coming weeks, with completion slated for 2028. The development is the sister building of 55 …

April 15, 2025

Investment Sales New York News Northeast

DSF Group Sells 300-Unit Community in Tarrytown, New York

by Channing Hamilton April 14, 2025

TARRYTOWN, N.Y. — The DSF Group has sold Halstead Tarrytown, a 300-unit asset located in Tarrytown, about 30 miles north of New York City. Built in 1998, the property consists of 11 two-story buildings offering a mix of one- and two-bedroom apartments. The JLL Suburban Tri-State Capital Markets team represented the seller and procured the buyer in the deal. The identity of the buyer and the sales price were not disclosed.

April 14, 2025

Investment Sales New Jersey News Northeast

Tag Investment Properties Sells New Jersey Portfolio for $94 Million

by Channing Hamilton April 11, 2025

NEW JERSEY — Tag Investment Properties has sold a portfolio totaling 519 units throughout Bergen and Hudson counties in New Jersey for $94 million. The properties were constructed between 1920 and 1980. The unit mix includes 61 percent one-bedroom, 35 percent two-bedroom and the remaining units as studios and three-bedroom apartments. Tuli Realty acquired the properties located in East Rutherford, Cliffside Park, Palisades Park, Lyndhurst, Garfield and Jersey City, while Sher Management purchased an asset in Kearny. The portfolio was 97 percent occupied at the time of sale. Cushman & …

April 11, 2025

Leasing & Marketing New Jersey News Northeast

JCMLiving Begins Leasing 295-Unit Complex in Wood-Ridge, New Jersey

by Channing Hamilton April 10, 2025

WOOD-RIDGE, N.J. — JCMLiving has begun leasing Rosera Wesmont, a 295-unit community in Wood-Ridge, 15 miles northwest of New York City. Rosera Wesmont offers studio, one-, two- and three-bedroom units. Residents have access to amenities such as a pool with a sundeck and landscaped courtyard; multi-level gym with a yoga studio, sauna and bar; coworking spaces, private offices and meeting rooms; and a sports simulator. The property also features 17,000 square feet of retail space, including 3,000 square feet within the building itself. Minno & Wasko Architects and Planners designed the …

April 10, 2025

Development Massachusetts News Northeast

Wood Partners Breaks Ground on 229-Unit Project in Bolton, Massachusetts

by Channing Hamilton April 9, 2025

BOLTON, MASS. — Atlanta-based developer Wood Partners has broken ground on Alta Nashoba Valley, a 229-unit project in Bolton, roughly 45 miles west of Boston. Alta Nashoba Valley will feature a mix of one-, two- and three-bedroom units spread across four three-story buildings. Shared amenities will include a clubroom, workspaces, fitness center, private bar and dining area, dog park, playground, electrical vehicle chargers, a pet spa, pool and firepits and grilling areas. Twenty-five percent of units will be set aside as affordable housing, but income restrictions were not disclosed. The …

April 9, 2025

Affordable Housing Development New York News Northeast

Partnership Begins Leasing 318-Unit Affordable Housing Redevelopment in Queens

by Channing Hamilton April 8, 2025

NEW YORK CITY — A partnership between locally based developer Slate Property Group and RiseBoro Community Partnership has begun leasing Baisley Pond Park Residences, a 318-unit affordable housing redevelopment project in Queens. The property is a conversion of the 350-room JFK Hilton Hotel, which was originally built in 1987. Situated in the Jamaica neighborhood of Queens, the complex offers studio, one- and two-bedroom units. Amenities include a fitness center, computer lounge and multiple common rooms. Monthly rents range from $784 for a studio to $1,493 for a two-bedroom apartment. As …

April 8, 2025

Development Features Northeast Operations Washington, D.C.

Construction Firms Grapple with Economic Uncertainty, NMHC Survey Shows

by Channing Hamilton April 7, 2025

WASHINGTON, D.C. — Economic uncertainty has continued to be a primary concern for multifamily construction and development firms. More than half say current and future projects have experienced construction delays, according to the National Multifamily Housing Council’s (NMHC) Quarterly Survey of Construction & Development Activity. Fifty-eight percent of respondents stated they had experienced construction delays between January and March in the jurisdictions in which they operate. The most frequently cited causes for delays were economic uncertainty (68 percent) and economic feasibility (68 percent); followed by permitting, entitlement and professional services (58 percent); availability of construction …

April 7, 2025

New York News Northeast People News

Lorimer Capital Hires Connor Lopes as Managing Director

by Channing Hamilton April 7, 2025

NEW YORK CITY — Lorimer Capital has hired Connor Lopes to the role of managing director of asset management. In this role, Lopes will oversee the company’s portfolio performance, risk management and loan servicing. He will work to manage Lorimer Capital’s loan portfolio and asset performance. Prior to joining Lorimer Capital, Lopes served as a senior vice president of construction asset management with Citi Community Capital. Lorimer Capital is a New York City-based lender. Evan Bell, Ilan Rubinstein and Erez Rubinstein launched the company earlier this year.

April 7, 2025

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