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Canyon Partners Led Joint Venture Add Second Multifamily Development to Brooklyn Portfolio with 260-Unit 251 Douglas Street Apartments

BROOKLYN, NY - Canyon Partners Real Estate, Tavros, and Charney Companies announced their joint venture for the development of 251 Douglass Street, a 260-unit multifamily development in the Gowanus neighborhood of Brooklyn, NY, a qualified opportunity zone. The Project is being capitalized with $64.4 million of equity and the joint venture simultaneously closed on a $119.9 million senior construction loan with financing provided by Barings. The debt was arranged by Newmark, led by...
Dustin Stolly Chris Kramer Sam Charney Whole Foods Principal Of Charney Companies Charney Companies

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Canyon Partners Forms Joint Venture to Develop 224-Unit Multifamily Community in Brooklyn Qualified Opportunity Zone

BROOKLYN, NY - Canyon Partners Real Estate, Tavros Holdings, and Charney Companies announced their joint venture for the development of 585 Union Street, a 224-unit multifamily development located in the Gowanus neighborhood of Brooklyn, NY, a qualified opportunity zone. The Project is being capitalized with $57.7 million of equity, and the joint venture simultaneously closed on a $107.0 million senior construction loan from Pacific Western Bank. Canyons investment marks Canyons eleventh...
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