[NYCHA PACT – Baychester/Murphy]
Private real estate firms to buy 50% stake in two NYCHA complexes
By Kathryn Brenzel, The Real Deal
December 27, 2018
L+M Development Partners, Camber Property Group and MBD Community Housing Corp. are nearing a deal to buy a 50 percent stake in two New York City Housing Authority complexes in the Bronx. As part of the deal, the developers will take over managing NYCHA’s Baychester and Murphy houses and invest $90 million to renovate the buildings…
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[NYCHA PACT – Baychester/Murphy]
City Nears Deal to Sell Stake in Two Public-Housing Complexes
By Laura Kusisto, The Wall Street Journal
December 27, 2018
New York City is closing on the sale of a stake in two public-housing complexes in the Bronx to private developers as the de Blasio administration ramps up private-sector involvement in the city’s rapidly deteriorating public-housing stock. A joint venture between L+M Development Partners, Camber Property Group and MBD Community Housing Corp…
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[General]
Wanna buy a rent-stabilized building? HPD may lend a helping hand
By Kathryn Brenzel, The Real Deal
December 20, 2018
… At the time, HPD identified developers as well who qualify for other HPD preservation opportunities, including Omni New York, Procida Development, Related Companies’ affordable housing arm, Hudson Companies and Camber Property Group. Through Neighborhood Pillars, HPD plans to help acquire and preserve roughly 7,500 homes in the next eight years.
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[1601 DeKalb]
When local rejection reshapes development
By Eddie Small, The Real Deal
December 1, 2018
… Camber has repositioned its building on DeKalb to allow natural light to make it into the loft buildings. The project will now also be entirely below market rate, which was not the case prior to the board’s vote. Camber has since received all necessary approvals for it and plans to start building late next year…
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[General]
The Center For An Urban Future honors three pioneers in rooftop gala, including Brooklyn Brewery co-founder Steve Hindy
By Andy Katz, Brooklyn Daily Eagle
November 5, 2018
The Center for an Urban Future, a New York City think tank that focuses on the development of a sustainable middle-class economy, honored three executives and entrepreneurs for creating jobs, affordable housing and helping prepare a new generation to compete in the 21st-century workforce during its annual gala…
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[Morningside/Deshler/Nueva Era Apartments]
Three Upper Manhattan Buildings Sell For $60M
By Brendan Krisel, Patch
October 25, 2018
Three apartment buildings in three different Upper Manhattan neighborhoods were bought as a package deal for $60 million, real estate firms announced Thursday. Camber Property Group and Belveron Partners closed on a portfolio…
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[Morningside/Deshler/Nueva Era Apartments]
Three Manhattan apartment buildings sell for $60M in affordable preservation deal
By Kathryn Brenzel, The Real Deal
October 25, 2018
Camber Property Group and Belveron Partners just picked up three northern Manhattan apartment buildings for $60 million. The companies purchased 287 Audubon Avenue in Washington Heights, 107 West 109th Street in Morningside Heights and 1871 Seventh Avenue in West Harlem…
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[Morningside/Deshler/Nueva Era Apartments]
Camber and Belveron Spend $60M on Three Affordable Uptown Buildings
By Rebecca Baird-Remba, Commercial Observer
October 25, 2018
Camber Property Group and Belveron Partners have purchased three affordable upper Manhattan buildings with 143 apartments for $60 million, Commercial Observer has learned…
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[General]
No Building, No Permits – How a Brownsville Charter School Found a Home
By Alexandra Williamson, BKReader
October 10, 2018
Key Collegiate Charter School director Katie Mazer faced a labyrinth of leases and permits when housing developer Camber Property Group came to the rescue. When Katie Mazer received approval in mid-2017 to open Key Collegiate Charter School in Brownsville, she was one step closer to fulfilling her dream of bringing high-quality education to a low-income area. Yet, there were more hurdles: The school still needed a building, a lease and permits – all before the start of the school year…
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[General][PRC Fox Street]
Amid Rising Costs And Demand, Private Equity, Institutions Investing In Affordable Housing
By Miriam Hall, Bisnow New York
October 8, 2018
New York City’s affordable housing developers are increasingly seeking out institutional investors and pouring in more of their own equity to get affordable deals across the line…
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[Park Lake Apartments]
Hempstead Town IDA OKs affordable housing complex sale, tax breaks
By Jesse Coburn, Newsday
October 8, 2018
The Town of Hempstead Industrial Development Agency last month approved the sale of a Hempstead Village affordable housing complex and a 10-year extension of its tax breaks…
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[General]
Recasting Cuomo
By Kathryn Brenzel and Will Parker, The Real Deal
October 1, 2018
… And for the developers who’ve carved out a niche in affordable housing — RDC, L+M and Camber Property Group, to name a few — any third-term investment by Cuomo in this space could mean another round of projects to capitalize on. Rick Gropper, a Camber principal and…
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[Park Lake Apartments]
Hempstead rental complex sells for $42M
By David Winzelberg, libn.com
September 20, 2018
A 240-unit affordable apartment complex in the Village of Hempstead has sold for $42 million. The sprawling rental property known as Park Lake Residences was…
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[1601 DeKalb]
Bushwick Braces for Upzoning
By Alexandra Williamson, BK Reader
July 31, 2018
City Councilmember Rafael Espinal indicated on July 17 that he’s open to approving a controversial Bushwick apartment building, currently the site of two parking lots used by a nearby hospital…
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[PRC Tiffany]
JV closes on $60M in financing for BX affordable dev
By REW, Real Estate Weekly
July 18, 2018
A joint venture of PRC and Camber Property Group last week closed on financing for the construction of a 163-unit affordable housing development at 975 Tiffany Avenue in the Bronx’s Longwood neighborhood…
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[1601 DeKalb]
Espinal Says Project Doable If Developer Succeeds In Affordable Housing
By Benjamin Robson, Kings County Politics
July 18, 2018
City Council Member Rafael Espinal Jr. (D-Bushwick, East New York) today softened his stand against a controversial proposed residential project in his district after the developer confirmed it is working on ways to make it 100 percent affordable…
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[PRC Tiffany]
Developers Land $60M In Financing For 975 Tiffany Avenue, Longwood, The Bronx
By Sebastian Morris, New York YIMBY
July 11, 2018
Developed in a partnership between Property Resources Corp. and Camber Property Group, 975 Tiffany Avenue will officially move forward following the securing of $60 million in construction financing…
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[PRC Tiffany]
PRC, Camber land $55M for affordable housing project in the Bronx
By Kathryn Brenzel, The Real Deal
July 9, 2018
Property Resources Corp. and Camber Property Group landed nearly $60 million to finance a 161-unit affordable housing development in the Bronx…
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[PRC Tiffany]
Bronx Affordable Housing Developers Nab $55M in Construction Financing
By Rebecca Baird-Remba, Commercial Observer
July 9, 2018
Property Resources Corp. and Camber Property Group have nailed down $55 million in construction financing for a low-income housing development in the Longwood section of the South Bronx, the developers announced today…
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[NYCHA PACT]
De Blasio embraces public-private management of housing authority amid funding shortfall, federal oversight
By Sally Goldenberg, POLITICO Pro
June 25, 2018
Mayor Bill de Blasio announced progress Monday on refurbishing dilapidated public housing units through public-private partnerships — a tool he is beginning to embrace as he awaits the assignment of a federal monitor to oversee repairs throughout the deteriorating developments…
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[1601 DeKalb]
Bushwick businesses voice support for Dekalb Ave project ahead of public meeting
By Sam Raskin, POLITICO Pro
June 13, 2018
A group of Bushwick small business owners have signed a letter urging Council Member Rafael Espinal and Brooklyn Borough President Eric Adams to back the rezoning of 1601 Dekalb Avenue — a proposal that would permit a residential development on what is currently a parking lot…
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[1601 DeKalb]
Adams Wants More Affordablity on Bushwick Project
By Benjamin Robson, Kings County Politics
June 4, 2018
Brooklyn Borough President Eric Adams’ office last week approved a proposed project at 1601 DeKalb Avenue in Bushwick with the conditions that there was inclusion of more low- and very-low affordable housing, and the developer helps in retaining small businesses…
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[1601 DeKalb]
Adams approves controversial Bushwick rezoning with conditions
By Janaki Chadha, POLITICO Pro
May 31, 2018
Brooklyn Borough President Eric Adams weighed in on a controversial private rezoning application for Bushwick on Thursday, approving a proposal that would rezone manufacturing lots in the neighborhood and make way for two nine-story buildings — with conditions…
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[Victory Plaza]
The top 10 biggest real estate projects coming to NYC
By Eddie Small, The Real Deal
April 10, 2018
Another Manhattan project closed out the list with Camber Property Group’s plans for a development at 11 West 118th Street. The Aufgang Architects-designed project would span 82,112 square feet and contain 136 residential units…
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[Victory Plaza]
Camber Property planning 136-unit resi building in Harlem
By Eddie Small, The Real Deal
March 16, 2018
Rick Gropper’s Camber Property Group is planning a nine-story, 136-unit residential building in Harlem. The company filed plans for the project with the Department of Buildings on Thursday. It will be known as Victory Plaza, span roughly 150,500 square feet and stand 87 feet tall…
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[1601 DeKalb]
Rendering Revealed For 1601 DeKalb Avenue, Bushwick, Brooklyn
By Jordan Beeche, New York YIMBY
February 14, 2018
YIMBY has the first rendering for yet another new building coming to Bushwick, Brooklyn, at 1601 Dekalb Avenue. The project is under development by Camber Property Group. The rendering shows a modern, modular design within keeping with the look of its surrounding neighborhood…
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