Northeast

The Yellowstone in New York City
FinanceNew YorkNewsNortheast

Slate Property Group Secures $97 Million to Refinance The Yellowstone in Queens, New York

by Channing Hamilton

NEW YORK CITY — Slate Property Group has secured a $97 million loan for the refinancing of The Yellowstone, a 166-unit community located within the Forest Hills neighborhood of Queens. Daniel Fromm of Newmark negotiated the five-year, fixed-rate loan through Apollo Global Management on behalf of Slate Property Group. The Yellowstone offers one- and two-bedroom units that range in size from 475 to 950 square feet. Units feature granite countertops and backsplashes, stainless steel appliances and in-unit washers and dryers. Select units also include private balconies. The community offers amenities …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Sudbury in Boston
FinanceMassachusettsNewsNortheast

JLL Capital Markets Arranges Recapitalization of The Sudbury in Boston

by Channing Hamilton

BOSTON — JLL has arranged the recapitalization of The Sudbury, a 36-story residential tower within the Bulfinch Crossing development in downtown Boston. JLL’s Riaz Cassum, Roberto Casas, Martha Nay, Kellie Coveney, Madeline Joyce and Ari Bogen represented the owner, a partnership between National Real Estate Investors and HYM Investment Group, in the deal. The team also procured the new equity partner, Carmel Partners. The Sudbury was built in 2020. The building features one-, two- and three-bedroom units with an average size of 855 square feet. The property also offers 55 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Teutonia Hall in Yonkers, New York
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

AMS Acquisitions to Develop $458 Million Teutonia Hall in Yonkers, New York

by Channing Hamilton

YONKERS, N.Y. — The Yonkers Industrial Development Agency (YIDA) has granted the final approval of financial incentives for Teutonia Hall, a $458 million project comprising two 41-story residential towers. AMS Acquisitions is the developer. Teutonia Hall will offer a total of 906 apartment units, 91 of which will be affordable. Income restrictions on the affordable units were not disclosed. The property will also feature 2,900 square feet of street-level commercial space and 907 parking spaces. The lower six stories of the buildings will comprise a podium, which will serve as …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesNew JerseyNewsNortheast

CBRE Brokers $7.5 Million Sale of 13,000-Square-Foot Site in Hoboken, New Jersey

by Channing Hamilton

HOBOKEN, N.J. — CBRE has negotiated the $7.5 million sale of a 13,000-square-foot development site located at 511-521 Newark St. in Hoboken. Fahri Ozturk, Richard Gatto, Zach McHale and Jeff Babikian of CBRE represented the seller, AIRN Management, in the deal. The site is included in a portfolio of seven Northern New Jersey parcels that have collectively been approved for the construction of 450 units. The buyer, a private developer headquartered in Hudson County, did not provide further plans for the site.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesNew YorkNewsNortheast

Rosewood Realty Group Brokers Sale of 60-Unit Property in Manhattan

by Channing Hamilton

NEW YORK CITY — Rosewood Realty Group has negotiated the sale of a 60-unit property located at 560-562 W. 175th St. in Manhattan’s Washington Heights neighborhood. The community was originally constructed in 1924. The property rises five stories and includes two commercial spaces. Ben Khakshoor and Alex Fuchs of Rosewood Realty represented the buyer and seller in the deal. Both parties were private investors.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newton Towers in Washington, D.C.
Investment SalesNewsNortheastWashington, D.C.

Greysteel Arranges $48.1 Million Sale of Four-Property Portfolio in Washington, D.C.

by Channing Hamilton

WASHINGTON, D.C. — Greysteel has negotiated the $48.1 million sale of a four-property portfolio in Washington, D.C. American Housing was the buyer, while the sellers were locally based real estate investors. Greysteel represented the sellers in the separate transactions, which were completed through D.C.’s Tenant Opportunity to Purchase Act. The portfolio includes Newton Towers, a 56-unit community located in the Columbia Heights neighborhood; The Park Regent, a 96-unit property in Mount Pleasant; an unnamed 28-unit building located at 3654 New Hampshire Avenue; and a 43-unit building located in Penn Quarter. …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentLeasing & MarketingNew JerseyNewsNortheast

Adoni Property Group Begins Pre-Leasing The Franklin Westfield Near New York City

by Channing Hamilton

WESTFIELD, N.J. — Adoni Property Group has begun pre-leasing at The Franklin Westfield, a 40-unit building in the New York City suburb of Westfield. The Franklin Westfield offers flats, duplexes and penthouse duplex apartments. Units range from 750 to over 2650 square feet in size. Amenities include a pool and hot tub, putting green, pergola with grilling stations, lounge, dining/wine tasting room, fitness center, golf/multisport simulator, theatre, business center, library, dog park and pet wash. Monthly rents range from $4,300 to $8,000.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesMarylandNewsNortheast

Walker & Dunlop Adds Three to Midwest Investment Sales Team

by Channing Hamilton

BETHESDA, MD. — Walker & Dunlop has added three new employees to its Midwest Investment Sales team in Bethesda. Steve LaMotte and Dane Wilson joined the firm as managing directors, while Ross Wettersten joined as an associate director. The new team joins Walker & Dunlop with over 50 years of combined experience. The team will represent institutional and private clients across the Midwest, specializing in the valuation and disposition of multifamily properties.

Continue Reading
0 FacebookTwitterLinkedinEmail
Rialto West in New York City
Affordable HousingDevelopmentFinanceNew YorkNewsNortheast

Joint Venture Secures Construction Financing for $125 Million Affordable Housing Project in Hell’s Kitchen

by Channing Hamilton

NEW YORK CITY — A joint venture between Douglaston Development and the Entertainment Community Fund has received financing to construct Rialto West, a $125 million affordable housing development in the Hell’s Kitchen neighborhood of Manhattan. Situated at 509 W. 48th Street, Rialto West will rise comprise 158 units across eight stories. The community will offer studio, one-, two- and three-bedroom apartments. Rialto West will be affordable to households earning up to 140 percent of the area median income. Fifteen percent of the units will be dedicated to serving formerly homeless …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment SalesNew YorkNewsNortheast

Marcus & Millichap Brokers $41 Million Sale of Five-Building Portfolio in Manhattan

by Channing Hamilton

NEW YORK CITY — Marcus & Millichap has arranged the sale of a portfolio of five buildings Manhattan’s East Village area. The portfolio totals 73 apartment units and six commercial spaces. The buildings primarily house market-rate units. Kushner Cos. was the seller. The buyer was not disclosed. Joe Koicim, Logan Markley, Matthew Berger and Zan Colin of Marcus & Millichap represented the seller in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts
©2025 France Publications, dba France Media Inc.