Category : Residential

Development and operation plans for the Residences at Reuten Park, a proposed 195-unit luxury senior-living development in Closter, were presented last week to the borough’s Zoning Board of Adjustments. Expert testimony highlighted the project’s comprehensive health and wellness offerings and user-friendly technology resources. Property owner Reuten Associates and developer Metropolis...

Funnel Leasing, the only renter-centric leasing platform, today announced the completion of a $36.5-million Series B raise that will transform the residential leasing process for multifamily operators. The preemptive round was led by RET Ventures, a leading PropTech-focused VC firm and existing Funnel investor. They were joined by Camden Property...

Miami-based developer Shoma Group is excited to announce Shoma Bay, a 2.8-acre mixed-use development in the thriving waterfront community of North Bay Village. Anchored by a 36,068-square-foot Publix, the project will boast a 21-story, 327-unit luxury apartment community and 6,315 square feet of retail space including a rooftop lounge and...

Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA), said the agency has given preliminary approval to a package of economic development incentives that will assist a developer construct a 43-unit apartment building in Inwood. The IDA on Jan. 31 approved a preliminary inducement resolution for Inwood...

Fred Parola, CEO of the Town of Hempstead Industrial Development Agency (IDA), said the agency has given preliminary approval to a package of economic development incentives that will assist a national developer of multi-family housing construct a 150-unit apartment building in West Hempstead. The IDA on Jan. 31 approved a...

Newmark 1 announces it has completed the sale of 442 Residences, a newly constructed, 94-unit luxury multifamily community in Long Beach, California for $48.5 million or approximately $515,957 per unit. Newmark Co-Head of Capital Markets Kevin Shannon, Executive Managing Director Ken White, Senior Managing Director Chris Benton and Managing Director...

 Hudson Valley Property Group (HVPG) recently announced the acquisition of a 250-unit mixed-income housing property in East Providence, Rhode Island. The $53.7 million closing of Kent Farm Apartments marks HVPG’s first acquisition in Rhode Island as HVPG looks to expand their preservation footprint throughout New England. HVPG will focus on upgrading...

Stamford, CT based, F. D. Rich Company is pleased to announce the recent sale of three Class A apartment communities that the Company developed (with partners) totaling 422 units in size and $175MM in total sales proceeds. Summer House Stamford, located at 184 Summer Street and completed in 2016, sold...

Cignature Realty finalized the sale of a 7-story multifamily elevator building for $6,100,000. The property, 512 West 151st Street, has a total of 29 residential units and is located between Broadway and Amsterdam Avenue in Hamilton Heights. The 31,500 square foot building sold for approximately $194 per square foot. Cignature...