Fairview

Fairview, NJ · Real Estate
brownstoner.com
East Williamsburg Affordable Housing Lottery Has $751 Apartments
An affordable housing lottery has opened for apartments in a 100 percent affordable building at the Greenpoint Hospital site in East Williamsburg, with apartments starting at $751 a month. The 18-story, 311-unit development is one of two new buildings included in the Kingsland Commons adaptive reuse project at the former hospital campus.
marejournal.com
Legacy Real Estate Developers completes sale of 26,630 s/f Totowa industrial property
Totowa, NJ — Legacy Real Estate Developers has completed the sale of 611 Union Blvd. in Totowa, a 26,630 s/f industrial and flex property acquired earlier this year and repositioned for its new owner, Noor Food Manufacturing. The transaction marks the successful completion of a value-add strategy by Legacy...
Secret NYC
TripJaunt
jerseydigs.com
Harrison’s 398-Unit Vermella Apartment Complex Secures $75 Million Financing
Vermella Harrison, a 398-unit apartment building located at 1100 Frank E. Rogers Boulevard in Harrison, scored $75 million in financing. The Carlstadt-based borrower, Russo at Harrison Urban Renewal, LLC, closed a five-year loan with a correspondent life insurance company. The building sits steps from Harrison Station with a direct PATH connection to New York City’s financial district.
hoodline.com
Graffiti-Caked Thompson Building Haunts Pelham Bay as Bronx Psych Site Sale Stalls
The future of the Thompson Building remains unsettled as redevelopment plans for the Bronx Psychiatric Center property have shifted. The six-story structure, abandoned and covered in graffiti, stands on the state-owned campus near Buhre, St. Theresa and Wilkinson avenues, where Pelham Bay residents can see it from their homes. In...
hoodline.com
Developer Eyes 14-Story Tower in Concourse Village as Bronx Housing Boom Grows
A developer is moving forward with plans for a 14-story apartment complex in Concourse Village, adding another large residential project to a Bronx neighborhood already in the middle of a building surge. The project comes as the borough works to add new housing to account for an increasing number of residents.
New York Post
greenlodgingnews.com
Host Hotels & Resorts Acquires 1 Hotel Brooklyn Bridge & Renaissance Dallas at Plano Legacy West
BETHESDA, MD.—Host Hotels & Resorts, Inc., the nation’s largest lodging real estate investment trust, announced that it has acquired the leasehold interest in the 195-room 1 Hotel Brooklyn Bridge (the “1 Hotel”) for $202 million in cash. The property has 83 years remaining on the ground lease with a government nonprofit lessor. The 1 Hotel acquisition price represents a 10.2x EBITDA multiple or a cap rate of approximately 8.2 percent on the property’s 2026 estimated results. The company has also acquired the fee simple interest in the 308-room Renaissance Dallas at Plano Legacy West Hotel (the “Renaissance Plano”) for approximately $172 million in cash. The Renaissance Plano acquisition price represents an 11.2x EBITDA multiple or a cap rate of approximately 7.9 percent on the property’s 2026 estimated results.