PUSHING PRESERVATION

PUSHING PRESERVATION

By Donna Kimura NEW YORK CITY—Nearly 450 apartments in 14 buildings will remain affordable for decades to come under a new $75 million transaction. The buildings were part of the Harlem Congregations for Community Improvement, Inc. (HCCI), portfolio that was...
PRESERVATION FIRM ACQUIRES SECOND NYC PROPERTY

PRESERVATION FIRM ACQUIRES SECOND NYC PROPERTY

By Donna Kimura Preservation Development Partners has acquired its second property, a 179-unit apartment complex in East Harlem that will remain affordable for another 40 years. The total development cost of the occupied complex is $50 million, including the...