Anthony Russo

United States

Journalist at GlobeSt

Journalist at The Hockey Writers

Journalist who covers the Rangers for The Hockey Writers. Also, associate editor at ALM.

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5 days ago | globest.com | Richard Berger |Holly Amaya |Anthony Russo

Special Report Instant Insights Falcon Edit Post SHARE ON FACEBOOK SHARE ON TWITTER Experts Warn Housing Could Be the Tipping Point for the Next Recession Rising Private Equity Control Raises New Questions for Apartment Sector Slowing Apartment Rent Growth Defies Seasonal Norms Harbor Group Pays $625M for Garden-Style Multifamily Sunbelt Portfolio Supreme Court Limits Environmental Reviews, Clearing Path for Faster Development Real Estate GlobeSt. ELITE Women of Influence (WOI) 2025 July 21,...
Harbor Group Pays $625M for Garden-Style Multifamily Sunbelt Portfolio

5 days ago | globest.com | Anthony Russo

Harbor Group International has acquired a portfolio of multifamily properties in the Sunbelt for $625 million. The purchase involves 11 garden-style assets, which are spread out through four states: South Carolina, Georgia, Louisiana and Tennessee, Multifamily Dive reports, citing an email sent by JPMorganChase. The total number of units is 3,590. The properties were built between 1996 and 2010, with 15 percent of them undergoing renovation recently.
Rockrose Secures $80M Refi for Renovated West Village Luxury Property

6 days ago | globest.com | Anthony Russo

Rockrose Development will receive $80 million to refinance its Manhattan, 110 Horatio St., property. The deal includes a 10-year fixed-rate loan, which was provided by AXA IM Alts and brokered by JLL. The financing will be provided to Rockrose's entity, 110-114 Horatio II, LLC. Located in West Village, the 10-story luxury property offers 152 units, which break down to 87 studios, 18 two-bedrooms, 42 one bedrooms and five penthouse units.
Bravo Property Partnership To Deploy up to $800M on Construction and Bridge Loans

1 week ago | globest.com | Anthony Russo

Bravo Property Trust LLC is expanding in the U.S. private credit market by partnering with a major Middle Eastern sovereign wealth fund. The two parties, under an investment agreement, will spend at least $400 million initially on providing construction and bridge loans through Bravo's lending platform. Both will explore stabilized healthcare and multifamily opportunities.
Brooklyn Approves Major Housing Plan With 1,900 Affordable Units

1 week ago | globest.com | Anthony Russo

More affordable units are coming to New York City, as another portion of Mayor Eric Adams' broad housing plan has been green-lighted to address the crisis. Specifically, the New York City Council has approved the Atlantic Avenue Mixed-Use Plan redevelopment in Brooklyn, which calls for approximately 4,600 homes, with 1,900, or about 41 percent, set aside for moderate- and lower-income residents.
Renting in Houston Is 2.5 Times More Affordable Than Buying

1 week ago | globest.com | Anthony Russo

Renting over buying a home has always been a more economical option for many Americans — but the gap is now gigantic, especially in Houston. A multifamily report from Newmark analyzing the city's first-quarter performance found that the average rent was $1,273. That was a 0.3 percent dip from what was averaged in 2024. But the absurd layer is how far that is away from the average monthly mortgage payment in the city, which is $3,496. That's more than 2.5 times the average cost of multifamily rents.
Construction Surge Expected To Send Tucson’s Multifamily Vacancy Even Higher

1 week ago | globest.com | Anthony Russo

It's far from an ideal environment for multifamily landlords in Tucson, Arizona — and conditions aren't expected to get much better any time soon. The most troubling trend in the market is vacancy, which spiked by 40 basis points from the previous three months and 60 basis points year-over-year to 8.8 percent, according to a report from Northmarq. To make matters worse, there were just 207 multifamily units delivered at the end of March.
Hanover Seeks Multifamily and Industrial Conversions Under $125M Fund

1 week ago | globest.com | Anthony Russo

Hanover Co. is playing offense in the current CRE environment and has raised $125 million from the close of a fund. Known as the Hanover Opportunities Fund, the pool is actively looking at investments in commercial distressed and vacant buildings, or land in general, according to a statement by the Houston-based firm. After acquiring underperforming or underutilized assets under HOF, the developer's strategy involves transforming it into either industrial or multifamily use.
NYC Rent Board Scales Back Two-Year Lease Hikes Amid Tenant Outcry

1 week ago | globest.com | Anthony Russo

The NYC Rent Guidelines Board has voted to revise a portion of how much landlords can raise monthly payments on stabilized apartments in the metro. The vote, while not a final ruling, proposes units with two-year leases to increase between 3.75 percent and 7.75 percent. The lower end is down one percent from the 4.75 percent, which the nine members of the group preliminarily decided on last month. Meanwhile, the proposed range of 1.75 percent to 4.75 percent remains the same for one-year leases.
Phoenix Multifamily Demand Outpaces Deliveries for First Time in Two Years

1 week ago | globest.com | Anthony Russo

For some multifamily developers, raising rents has been difficult due to the influx of supply that has entered to keep up with the demand. But in many markets, including Phoenix, construction has been starting to slow. In fact, according to a first-quarter report from Northmarq, deliveries in Arizona's capital started to peak in the fourth quarter, as 3,288 units hit the market by the end of March.