Multifamily

Construction of the 302-unit property in the MIdwood neighborhood is near completion.

In a $10 million lawsuit, Kushner Cos. is accused of driving out rent-stabilized tenants, while converting a Williamsburg, Brooklyn apartment to luxury condos.

Advanced Real Estate Services closes nearly $252 million in apartment financing deals, and the majority were early refinancings.

The 382-unit apartment high-rise is under contract for $170 million, or $445,026 per unit, according to a source.

The construction financing includes a $32.8 million senior loan provided by Ameris Bank and $5 million in preferred equity investment from RSE Capital Partners.

The Winter Park, FL project named Watercrest Winter Park will be developed by Vero Beach, FL-based Watercrest Senior Living and Titan Development Real Estate Fund 1.

“We have to grow,” John Banks of REBNY tells James Nelson in this <b>EXCLUSIVE</b> column for GlobeSt.com.

Dalcor Holdings recently purchased Vista on Gessner, an 805-unit multifamily development, and will convert all units into upgraded affordable housing for 60% of the area median income.