Scale Lends $150M to Finish Bronx Multifamily Property
The Beitel Group has secured $150 million in construction financing to build a 13-story, 450-unit multifamily property in the Mott Haven.
Source: commercialobserver.com
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Greensboro City Council airs grievances with motel conversion project at latest meeting
One city councilmember said he'd "never seen anything as poorly facilitated as this project" in the wake of repeated missed deadlines. Yet, the city's partners on the project pitched an expansion at Tuesday's meeting.
Source: wfdd.org
Ranger, KD Sagamore JV Lands $46M Refi in Brooklyn
Ranger Properties has secured a $46 million bridge loan for Arris Grand, a 113-unit multifamily community in Brooklyn, New York.
Source: multihousingnews.com
NYC will convert JFK Hilton hotel into supportive housing
A plan to transform the former Hilton Hotel at John F. Kennedy International Airport in New York City into supportive housing has been announced as the inaugural effort of the important new Housing Our Neighbors with Dignity Act (HONDA) program by Mayor Eric Adams. Aufgang Architects will be...
Source: archinect.com
JFK Hilton hotel to become housing
The JFK Hilton will soon be the Baisley Pond Park Residences now that the city closed a deal on Monday to convert the South Jamaica hotel into affordable housing with
Source: qchron.com