LCOR breaks ground for 463-unit sustainable Coney Island development
LCOR today broke ground on its newest development at 1515 Surf Avenue in Coney Island. The site was acquired via land deal in late 2019...
Tag : Apartments
Developer looking to turn old Westchester Kmart into apartment community
New Jersey-based Oster Properties is looking to turn an old Westchester Kmart into a 150-unit apartment community. The Englewood Cliffs company, which owns more than...
Ground broken for 68-unit tower to house formerly homeless
New York City-based nonprofit organization The Doe Fund has broken ground for 68 units of affordable and supportive housing at 3188 Villa Avenue, in the...
Sales, prices fell in first quarter 2018 as market adjusts to tax reform
Manhattan apartment sales hit a six-year low last quarter and the average transaction price fell to its mark in nearly a decade. Brokers and market...
Abatement deal brings fresh money, more apartments to Greenpoint
Pembrook Capital Management closed a $2.256 million second mortgage loan to finalize construction of a 21,341 s/f mixed-use property located at 144-146 West Street in...
$59M deal will fund new Mount Vernon apartment tower
Alexander Developer Group and their joint venture partners the Bluestone Organization and JP Morgan Asset Management have secured a $59 million loan to build a...
MLK Real Estate Capital arranges bridge loan for Connecticut apartment complex
MLK Real Estate Capital arranged $18.75 million in bridge financing for the acquisition and renovation of New Cambridge Apartments, a 208-unit, four-building complex located at...
GDC Properties closes on $106M deal for Connecticut apartments
GDC Properties closed on a $105.9 million deal earlier this week for an apartment community in Norwalk, Connecticut. Represented by the in-house team of William...
JMH ditches Long Island City hotels, now eyes mixed-use apartment building
JMH Development has abandoned its plan to build a five-story, 289-key luxury hotel project in Long Island City. Instead, it will use the same property...
Blackstone ‘experiment’ to reconfigure Stuy Town apartments draws ire of tenants
By Sabina Mollot Blackstone has embarked on an “experiment” with 115 vacant apartments in Stuyvesant Town and Peter Cooper Village. The owner of the 11,000-unit...