SCHENECTADY APARTMENTS SELL; NEW OWNERS INVESTING $10M

SCHENECTADY APARTMENTS SELL; NEW OWNERS INVESTING $10M

INDUSTRY NEWSCOMMERCIAL REAL ESTATE Oct 6, 2016, 2:38pm EDT Andrew H. RoiterDigital producerAlbany Business Review Preservation Development Partners, a New York City affordable housing developer, has agreed to buy Summit Towers in Schenectady, New York, for an...

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....

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...