Camber Property Group and RiseBoro Community Partnership cut the ribbon on 1601 Dekalb Ave., which transformed a former parking lot in Brooklyn’s Bushwick neighborhood into a 127-unit, 100%t affordable residential community. The development will provide homes for some of the city’s lowest-income and most vulnerable residents alongside affordable housing for workforce households.
Camber and RiseBoro co-developed the building, and RiseBoro will manage the property and provide all on-site social services to residents. The development consists of two residential towers connected by a covered walkway and centered around a shared, landscaped courtyard.
“1601 Dekalb represents true mixed-income housing serving New Yorkers across a broad spectrum of income levels and we are thrilled to bring this project to Bushwick,” said Camber pirincipal Rick Gropper. “Thank you to our partners RiseBoro, HPD, HDC, Brooklyn Community Board 4 and our local electeds, for bringing this project to fruition.”
The Mogharebi Group (TMG) arranged the $56,175,000 sale of Casitas Apartment Homes, a 253-unit Inland Empire multifamily community located at 1900 South Campus Ave. in Ontario. EVP Otto Ozen and VP Jordan Pakzad represented the seller, a private Los Angeles owner. The buyer was Orange County-based Advanced Real Estate. The buyer assumed the property’s in-place...
Learn moreRockland Trust recently provided a $10.67-million construction loan to support Asian Community Development Corporation (ACDC)’s new affordable housing development at 213 Main St. in Malden, MA. ACDC’s first development in Malden, the project will create 20 income-restricted apartments. ACDC acquired the property, which formerly housed the Salvation Army, in 202 with funding from the City...
Learn more
Northmarq’s Fresno Investment Sales team of Robin Kane and Brendan Kane arranged the $4-million sale of Las Flores Apartments, a 46-unit low-rise multifamily community at 3420 N. First St. in Fresno. Northmarq represented the seller, a Bay Area investment trust. A private investor purchased the property. “The extensive fire damage at Las Flores created a...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California