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GDC Properties closes on $106M deal for Connecticut apartments
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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
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City adds 10,000 units to housing target to address rising homelessness
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New York City’s affordable housing plan got a revamp from the Department of Housing Preservation and Development, amid recent criticism over homelessness
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The Cold Truth: Homelessness soars to record highs with no solution in sight
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Roughly 60,000 New Yorkers will spend this Christmas in a homeless shelter. Thousands more will struggle to balance the cost of rent with holiday expenses
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CPC, Goldman Sachs creates $70M loan facility for affordable homes
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The Community Preservation Corporation, a non-profit affordable housing and community revitalization finance company, and Goldman Sachs have created $70
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City launches first large-grade solar program at NYCHA
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The de Blasio Administration this week launched its first large-scale solar program at NYCHA,. The program will provide low to moderate-income New Yorkers
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Capital budget cuts a threat to hardworking New Yorkers
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As the city faces one of its most severe public health and economic crises in history, affordable housing leaders and advocates are working tirelessly
Deals & Dealmakers
Massey blames de Blasio-Cuomo feud for city’s housing woes
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Paul Massey, the Cushman & Wakefield executive turned mayoral candidate, is putting the blame for New York City’s affordable housing crisis on the
Deals & Dealmakers
NYC mayoral candidate Paul Massey lays out plans for public safety, housing
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Paul Massey made his case for the mayoralty during the EisnerAmper Private Equity Summit at Pier Sixty last week. Telling the audience, “I want to be our
Deals & Dealmakers
$59M deal will fund new Mount Vernon apartment tower
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Alexander Developer Group and their joint venture partners the Bluestone Organization and JP Morgan Asset Management have secured a $59 million loan to
Construction & Design
City’s deputy mayor for housing and development to step down
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Deputy Mayor Alicia Glen, known as the city’s development czar, will be stepping down from the administration, according to City Hall. In her role as deputy
Deals & Dealmakers
Hines building 15-story apartment tower for seniors in Midtown East
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Development giant Hines has formed a joint venture with capital partner, Welltower Inc., to build a 15-story apartment tower for New Yorkʼs senior citizens.
Residential
Report: Tax bill raises anxiety about home ownership
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A new nationwide consumer survey from realtor.com® shows that the Tax Cuts and Jobs Act passed by Congress on Dec. 20 is raising anxiety about owning a