The Carlyle Group and Z+G Property Group have jointly acquired 8 Marcy Ave, an eight-story luxury rental building in Williamsburg, Brooklyn for $97.5 million. Developed by Prospect Development, the 123 unit property consists of market-rate and affordable apartments which were fully leased within three months as well as two commercial units that are also occupied. JLL represented the seller with a team led by Ethan Stanton along with Jeffrey Julien, Brendan Maddigan, Stephen Palmese Rob Hinckley Michael Mazzara Winfield Clifford Steven Rutman and Jay Leshinsky while Invesco Real Estate provided acquisition financing of $73.6 million to the buyer group.
Neology Secures $63.5M Loan for Miami Apartments
Neology has successfully secured financing for Fourteen Main Street Residences, a mixed-use development in Miami that will consist of two
Steve Griffin
January 7, 2025
