ALBANY IDA APPROVES TAX BREAK FOR LOW-INCOME HOUSING COMPLEX

By Amanda Fries on November 20, 2016 at 7:44 PM ALBANY — The city Industrial Development Agency recently approved a tax abatement for developers looking to purchase Thurlow Terrace Apartments and renovate the low-income senior and handicapped apartment complex....
BFC, K&R JV BUY $60M BROOKLYN, BRONX MULTIFAMILY PORTFOLIO

BFC, K&R JV BUY $60M BROOKLYN, BRONX MULTIFAMILY PORTFOLIO

by Benjamin Mazzara Preservation Development Partners—a JV of Donald Capoccia’s BFC Partners and Francine Kellman and Brian Raddock’s K&R Preservation—has purchased an eight-building portfolio from Josh Gotlib’s Black Spruce Management for $60M.  Black...
PRESERVATION DEVELOPMENT PARTNERS BUYS SEC. 8 PORTFOLIO

PRESERVATION DEVELOPMENT PARTNERS BUYS SEC. 8 PORTFOLIO

The acquisition-rehab deal involves 324 New York apartments. By Donna Kimura Preservation Development Partners (PDP) has acquired a portfolio of five multifamily apartment complexes in the Bronx and Brooklyn, N.Y. The Leggett Avenue Properties portfolio comprises...