AMS Acquisitions secured $50.5 million of construction financing for a new 55+ active adult community located at 800 E. Main St. in Yorktown, NY. The construction loan was provided by OceanFirst Bank N.A. The financing was arranged by Arrow Real Estate Advisors founder and managing partner Morris Betesh, SVP Alex Bailkin and analyst Andrew Rosenberg....
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MassHousing has closed on $50 million in financing for the first phase of the redevelopment of the Campello Apartments public housing campus in Brockton by the Brockton Housing Authority and Cambridge Housing Authority. The agency is providing $28.2 million in permanent financing, $20.7 million in tax credit bridge financing and $1 million in Capital Magnet Fund financing. The project...
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Roughly six months after Cushman & Wakefield’s September 2025 Office-to-Residential Conversions report identified a sharp acceleration in conversion activity across Manhattan, the firm reports that the momentum has continued. In 2025, conversion starts totaled 5.0 million square feet, the highest annual total in the past 20 years, with nearly 913,883 square feet initiated in the...
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Former construction magnate Tony Accurso has completed the sale of his estate in Deux-Montagnes, Que., to the developers of a five-tower waterfront apartment project for $23 million, La Presse reported. The publication had previously reported that a sale was imminent. Plans call for the land to be used as part of the five-tower project. The...
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The City of Somerville and the Somerville Redevelopment Authority (SRA) have issued a Request for Proposals (RFP) for an experienced development team to redevelop 90 Washington St., a nearly four-acre site that represents one of the largest remaining transit-proximate redevelopment opportunities in Somerville. The Boston suburb is seeking a partner capable of delivering a dense, mixed-use project that...
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Greater Toronto Area new-home sales fell to their lowest level in 45 years in 2025, capping the worst year on record for the region’s housing market, says a new report from BILD. The group began tracking the region’s new-home sales in 1981. There were just 240 new home sales in December, down 24% from December...
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A large-scale mixed-use development opportunity in Redmond, at the center of one of the most concentrated tech employment corridors in North America, is being listed for sale. Heartland LLC, a Seattle-based real estate advisory and investment firm representing property owner Seritage Growth Properties, has been engaged to market the 14-acre Overlake Seritage property, a master-planned,...
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Brevet Capital announced the closing of a $150 million senior construction loan from Banco Inbursa for the development of a 36-story residential tower and a neighboring one-story commercial building at Wharton Piers. Wharton Piers is a mixed-use waterfront project located at 1341 S. Christopher Columbus Blvd. in South Philadelphia. Aaron Graves and Christopher Moyer from...
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Recckio Real Estate & Development
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