The 234 Apartment

When Bill de Blasio became mayor of New York City in 2014, he made no secret of his intent to place affordable housing at the center of his term. Not long after his election, he rolled out his Housing New York plan–a 10-year strategy to build or preserve around 200,000 affordable units across the city’s five boroughs. advertisement Affordable, when it comes to housing in New York, is a slippery term. Critics of de Blasio’s plan have pointed out that the majority of the units built or converted under Housing New York remain out of reach of low-income New Yorkers–those earning less than $43,000 per year. And while the plan has succeeded making a nearly 100,000 unit dent in the city’s 550,000 affordable-unit shortfall, the terms of the new unit’s affordability are ephemeral: The majority of the units created and preserved under the mayor’s plan are only regulated temporarily, often for as little as two decades. There is no guarantee that a unit designated as affordable today will remain...

July 10 William Griffin Sr. to Catalina Espinosa Rodriguez , Ld: Lot, on the north side of Barnes Street, $60,800 Brenda Thomas Tharpe to K&G Investments LLC , Ld: Executor’s Deed, Lot 7, Block B Subdivision: Haltom Hills, $80,000 Brenda Thomas Tharpe to K&G Investments LLC , Ld:, Tract A R-50 2362 Executor’s Deed, $20,000 Brantley Chin Yu and Shannon Faye Yu to Good Faith Management LLC , Ld:, 1856 Formosa Drive, Lot 21, Block W Subdivision: F R Miles Section Five, $34,000 Cloreta Marshall and Robert Rhodes to Cloreta Marshall and Brian Marshall , Lot 7, Block B Subdivision: Tara Pines, $54,000 William W. McCartney and Luciann M. McCartney to Paul C. Mann and Sara N. Mann, Lot 4, Block Subdivision: Aumond Tract, $482,500 Roger Alan Barnes, Bobby Lee Barnes and Sandra Kay Phillips to Good Faith Management LLC , Ld: Lots 13 &14, Plat Book 17-D 116, $5,000 Jay W. Foster to Austin T. Cochran, Ld:, Lot 17, Block Subdivision: Bedford Heights Section A, $102,000 Lucille Sul...

NEW YORK, Aug. 15, 2017 ( GLOBE NEWSWIRE ) — Greystone, a real estate lending , investment and advisory company, today announced it has provided a $26.65 million Fannie Mae DUS ® loan in combination with $5.35 million in preferred equity from New York Mortgage Trust , Inc., for the acquisition of Autumn Park, a 358- unit multifamily property in Newark, Delaware. The transaction was originated by Keith Hires of Greystone’s Atlanta office with Ryan Ade and Neil Campbell of HFF as correspondents on the deal. The Fannie Mae DUS loan includes a 7 / 6 adjustable rate at 3 years of interest-only and a 30-year amortization. Autumn Park is a garden- style community comprising 1 -, 2-, and 3-bedroom apartments with a pool, located within easy access to I-95 and downtown amenities. During the underwriting process of the loan for Autumn Park, Greystone overcame a number of unique environmental challenges , including issues with an unprecedented number of underground storage tanks . Greystone wo...

NEWARK, DEL. — Greystone has provided a $26. 6 million Fannie Mae DUS loan in combination with $5.3 million in preferred equity from New York Mortgage Trust for the acquisition of Autumn Park, a multifamily property in Newark. The Fannie Mae DUS loan includes a 7/6 adjustable rate at three years of interest-only and a 30- year amortization schedule . The community features 358 apartments in a mix of one-, two- and three-bedroom layouts. Keith Hires of Greystone originated the transaction, while Ryan Ade and Neil Campbell of HFF assisted in the deal. Tagged loans

TORONTO / DALLAS, TX, Oct. 30, 2014 (Canada NewsWire via COMTEX) -- Milestone Apartments Real Estate Investment Trust (MST.UN) ("Milestone" or the "REIT") today announced that it has completed the purchase of Villas at Shadow Creek ("Shadow Creek" or the "Property"), a 560- unit multifamily apartment community located in the Pearland submarket of Houston, Texas, for a purchase price of US$74.0 million. This acquisition was previously announced by the REIT on September 15, 2014. Shadow Creek was built in two phases in 2006 (296 units) and 2007 (264 units) and is currently approximately 95% occupied, with average monthly rents of approximately US$1,200 per unit. The Property's average in-place rents are higher than the REIT's portfolio average in part due to a higher proportion of two and three- bedroom apartment suites . Shadow Creek has the potential for a value- add program relating to unit interior upgrades . The Property features ...

Summit Ridge luxury apartment development on River Road in Allentown" alt="Construction has resumed at the Summit Ridge luxury apartment development on River Road in Allentown" /> Construction has resumed at the Summit Ridge luxury apartment development … (MICHAEL KUBEL, THE MORNING…) April 30, 2013 | By Peter Hall, Of The Morning Call Nearly three years after construction stalled at the Summit Ridge Apartments on Allentown's east side, a New Jersey real estate firm has picked up where the project's bankrupt developer left off. After foreclosing on the property and winning an $8.3 million verdict in Lehigh County Court , Diversified Realty Associates of Summit, N.J., aims to complete the luxury apartment buildings by the end of the year. The project's hiatus, which left some residents living amid an abandoned construction site , was the result of former developer David Connolly 's financial meltdown that led federal prosecutors to charge him l...

With prices not expected to rise, drillers seek efficiency Efficiency is the name of the game for Oklahoma drillers and out-of- state companies drilling wells in Oklahoma. Lessons learned during the two-and-a-half-year downturn have helped boost some oil and gas businesses. Comanche Nation lawsuit challenges proposed Chickasaw casino The Comanche Nation of Oklahoma has filed a lawsuit against several federal officials , claiming the Chickasaw Nation doesn ’t have the right to build a casino in Jefferson County. The Comanche Nation is seeking injunctive relief voiding a recent trust acquisition in Jefferson County by the U.S. Department of the Interior for the Chickasaw Nation ’s benefit. Some legislators not sure of support for OKC income tax proposal Even state legislators who support educational funding enhancements during the state budget crunch are torn on the philosophy behind a new initiative petition in Oklahoma City. The proposal calls for a temporary 0.5- percent tax ...