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Canyon Partners Led Joint Venture Add Second Multifamily Development to Brooklyn Portfolio with 260-Unit 251 Douglas Street Apartments

BROOKLYN, NY - Canyon Partners Real Estate, Tavros, and Charney Companies announced their joint venture for the development of 251 Douglass Street, a 260-unit multifamily development in the Gowanus neighborhood of Brooklyn, NY, a qualified opportunity zone.
The Project is being capitalized with $64.4 million of equity and the joint venture simultaneously closed on a $119.9 million senior construction loan with financing provided by Barings. The debt was arranged by Newmark, led by. ....

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Charney Companies Celebrates Ten-Year Anniversary

Charney Companies Celebrates Ten-Year Anniversary
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Canyon Partners Forms Joint Venture to Develop 224-Unit Multifamily Community in Brooklyn Qualified Opportunity Zone

BROOKLYN, NY - Canyon Partners Real Estate, Tavros Holdings, and Charney Companies announced their joint venture for the development of 585 Union Street, a 224-unit multifamily development located in the Gowanus neighborhood of Brooklyn, NY, a qualified opportunity zone.
The Project is being capitalized with $57.7 million of equity, and the joint venture simultaneously closed on a $107.0 million senior construction loan from Pacific Western Bank. Canyon s investment marks Canyon s eleventh. ....

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