Rising property values, strong buyer appetite and relatively inexpensive finance encouraged increasingly ambitious construction in Brooklyn. The market is now forcing a reassessment of whether those assumptions still hold.
Toll Brothers has acquired three parcels in Manhattan’s West Chelsea for $45 million, adding a prominent 10th Avenue site to its City Living condominium development pipeline.
Vanguard Development has refinanced the Reserve at Willow Ridge apartment community in Lancaster, Pennsylvania, through a $34 million HUD-backed multifamily loan arranged by Dwight Capital.
Montreal-based Planpoint has launched publicly with a platform that converts floor plans and site maps into interactive sales and leasing tools for residential property teams.
AI video platform Synthesia has agreed to take 50,000 square feet at GFP Real Estate’s 675 Avenue of the Americas, establishing a new U.S. headquarters in the building.