Category : Residential

 JLL Capital Markets announced today that it has arranged $28.48 million in construction financing for 175 Morris St., an 85-unit apartment community located in Morristown, New Jersey. JLL represented the borrower, The Hampshire Companies, to secure a three-year, fixed-rate construction loan through a correspondent life insurance company. The units of the four-story...

JLL Capital Markets, on behalf of KABR Group, announced the purchase of 750 Summer St. and 163 Franklin St., two boutique, mid-rise, luxury multi-housing communities in Stamford, Connecticut, totaling 116 units for $41.3 million. Formerly known as The Verano and The Moderne, respectively, both are expected to receive significant upgrades to the...

 Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of The ERGS Portfolio, a six-property multifamily portfolio spanning a total of 1,077 units across eight assets. The portfolio traded for $302.5 million, or $280,872...

Houston-based real estate investment firm Nitya Capital is raising its first-ever $500M real estate fund focused on multifamily assets and will also include student housing and other commercial assets across the U.S. The firm will launch Nitya Opportunity Fund I with a $200Mmm target first close in May of 2022 followed by...

The Soloviev Group announced today the official launch of sales for 7 West 57th Street, a new boutique condominium building located right off Fifth Avenue offering a unique suite of full services. Surrounded by some of the world’s tallest towers, 7 West 57th Street will offer a more discreet, luxurious living experience for...

Nitya Capital, a privately-owned real estate investment firm and operating company, today announced an acquisition of 11 multi-family properties across five major cities – Dallas, Las Vegas, Indianapolis, Nashville, and Los Angeles and in North Carolina. The deal is valued at nearly half a billion dollars. This deal marks the...

Greystone, a leading national commercial real estate finance company, has provided a $20,000,000 HUD 223(f) loan to refinance a 127-unit multifamily property in Philadelphia, Pennsylvania. The financing was originated by Jason Yuen, Managing Director at Greystone, on behalf of 49th & Spruce Associates LP, a repeat client of the firm. ...

JLL Capital Markets announced today that it has closed on two Upper Manhattan multifamily sales totaling $17.5 million. 353 Fort Washington Ave., a six-story, 36-unit, 54,800-square-foot, elevatored residential building located in Hudson Heights sold for $6.5 million JLL represented the seller, The Lewner Estate. Alma Realty acquired the property. The building...