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JV closes on $60M in financing for BX affordable dev
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A joint venture of PRC and Camber Property Group last week closed on financing for the construction of a 163-unit affordable housing development at 975
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JLL REIT closes on $47M Jersey life science acquisition
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JLL Income Property Trust, an institutionally managed daily NAV REIT, announced the acquisition of 170 Park Avenue, a 147,000 s/f purpose-built life sciences
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Executives say Trump presidency would be bad for REITs
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Donald Trump, with his warnings of a “big, fat, ugly bubble,” has sold himself as the messiah of the American economy. Photo by Rafael Matsunaga/ Flickr
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City Council approves MIH, ZQA in lopsided vote
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The biggest components of the mayor’s affordable housing plan have just sailed through the New York City Council’s Subcommittee on Zoning and Franchises.
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Angelo Gordon raises its biggest fund to date
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New York investment powerhouse Angelo, Gordon & Co. has raised over $2.75 billion for its most recent U.S. real estate fund. The raise for AG Realty
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Compass raises $450M with launch of IPO
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Compass, the SoftBank-backed residential real estate firm led by Robert Reffkin, has launched its IPO with the sale of 25 million shares raising $450 million.
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New W’burg bar on menu
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The owners of popular Manhattan hostelry, Sidebar in Union Square, are set to open a new bar in Williamsburg. M Properties announced is had arranged a
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Cronheim arranges $50M acquisition loan for furniture distributor
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Cronheim Mortgage has secured $49.5 million acquisition financing for a  634,495 s/f industrial property in Highstown, NJ. Dev Morris, Allison Villamagna
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Side-by-side Fifth Avenue spaces are retail gold, say DE brokers
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Faith Hope Consolo, chairman, and Joseph Aquino, eecutive vice president of Douglas Elliman’s Retail Group have the exclusive agency for two side-by-side
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MADDD completes Harlem assemblage, plans new development
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MADDD Equities is set to press ahead with a new Harlem apartment development after closing on a $15 million loan for the acquisition of the final site.
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Out of Reach: Millennials face difficult road to home ownership
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Younger families are finding it increasingly difficult to turn their American Dreams into realities. During the past decade, the number of families with
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Squeezing out evidence of apartment overcrowding
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By Adam Leitman Bailey and Dov Treiman DOV TREIMAN For middle class American society, the idea of the minimum amount of space one would want to live in