Real Estate News

Fairstead lands $85M loan for Harlem housing complex

Fairstead Capital landed an $85 million loan for a massive apartment complex in Harlem.

The lender is American General Life Insurance Company, according to records filed with the city on Tuesday. The company assumed a $48.5 million balance from a New York Community Bank loan

LIHC Investment Group Buys Harlem Buildings for $17M

One of the largest owners of affordable housing in the country, LIHC Investment Group, picked up a pair of Harlem buildings for $17 million, according to Dane Real Estate, which brokered the deal for the buyers.

Maine-based LIHC closed the deal for The Paul Robeson Houses,

Judge Rules Against East Harlem Rezoning Challenge

EAST HARLEM, NY — A state judge ruled against a legal challenge to the city's plan to rezone a large portion of East Harlem in an attempt to spur development in the neighborhood.

State Supreme Court Justice Carmen Victoria St. George ruled July 12 that the city agencies behind the rezoning