Blackstone Real Estate Debt Strategies provided the financing, the proceeds of which will be used to retire existing debt and fund future leasing activity.
“Over the past two years, it has been an extraordinary privilege to serve this remarkable association and its dedicated members. Together, we have made significant strides to strengthen HGAR’s foundation and prepare it for the future…”
Thank you to the following Members who are leading the way in the 2025 RPAC campaign
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
WASHINGTON—Pending home sales decreased by 0.8% in June from the prior month and 2.8% year-over-year, according to the National Association of Realtors Pending Home Sales report released today (July 30).
Month-over-month and year-over-year pending sales declined in the Midwest, South, and West. In the Northeast, pending sales rose month-over-month but remained flat year-over-year. The Realtors Confidence Index shows a 4% and 6% year-over-year increase in homebuyer and seller traffic, respectively.
“The data shows a continuation of small declines in contract signings despite inventory in the market increasing. Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country," said NAR Chief Economist Lawrence Yun.
“The Realtors Confidence Index shows early indications of potential contract signings increasing moving forward. Realtors are optimistic that homebuying and selling activity will increase. That confidence is supported by the fact that mortgage applications have been rising,” Yun added.
0.8% decrease month-over-month
2.8% decrease year-over-year
2.1% increase month-over-month
Unchanged year-over-year
0.8% decrease month-over-month
0.9% decrease year-over-year
0.7% decrease month-over-month
2.9% decrease year-over-year
3.9% decrease month-over-month
7.3% decrease year-over-year
Blackstone Real Estate Debt Strategies provided the financing, the proceeds of which will be used to retire existing debt and fund future leasing activity.
“Over the past two years, it has been an extraordinary privilege to serve this remarkable association and its dedicated members. Together, we have made significant strides to strengthen HGAR’s foundation and prepare it for the future…”
Built in 2016, Quarry Place features 61 one- and 47 two-bedroom units with condo-quality finishes and an average unit size of 977 square feet.
The Armory was designated as a New York City Landmark in 1974 and placed on the National Register for Historic Places list in 1982.
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