News
Penthouse of L.A. Luxury Development On Sale for $9.9M
Elad Group has unveiled the last remaining penthouse available in the Carlyle Residences, a luxury development in Los Angeles, Calif., with a purchase price of $9.92 million.
TODAY’S DEALS: Treetop Completes $60M Sale of 12-Building Portfolio In Northern Manhattan
Treetop Development unloads its portfolio of 12 mixed-use apartment buildings for $60 million; National Real Estate Advisors sells a 111-unit community in Quincy, Mass.; and NorthMarq Capital funds a $13.7 million acquisition loan.
Prologis Furthers Presence in Japanese Industrial Market with Three New Development Projects
Prologis, a leading owner, operator and developer of industrial real estate recently announced new development projects in Japan, one of the company’s core markets.
Pittsburgh Apartment Vacancy Remains Tight in 2014, Rent Growth Continues Upward Trend
Despite a surge in multifamily construction, apartment vacancy in Pittsburgh is estimated to remain just under 4 percent by the end of the year.
Trio of Developers to Bring First Major Luxury Community to Village of Tuckahoe, NY
A joint venture between Mack-Cali subsidiary Roseland, Glen M. Vetromile of Glenco Group and Phil Raffiani of Mirado Properties has announced the ground breaking on a 108-unit luxury mixed-use project on Main Street in the Village of Tuckahoe, N.Y.
The Ramifications of Mayor De Blasio’s Affordable Housing Plan
The mayor of New York City, Bill De Blasio, recently announced a housing plan that will preserve and create a total of 200,000 affordable units. MHN talks to Bomee Jung, interim director at Enterprise Community Partners Inc., about what this plan means for affordable housing.
Entities Involved in West Africa’s First Green Commercial Building Develop 323KSF Mall In Nigerian Capital
Construction on Jabi Lake Mall, a 323,000-square-foot retail development in Nigeria’s capital Abuja, is well on its way, announced project and development manager Laurus Development Partners.
Economy Watch: FHFA Not Focusing on GSE Wind Down
The new director of the Federal Housing Finance Agency, Melvin L. Watt, used his first major speech at the Brookings Institution to emphasize a change in focus for his agency, which is the conservator of Fannie Mae and Freddie Mac, currently the linchpins of the nation’s residential property finance.
NOAH at Work on Adaptive Reuse in Massachusetts
Work is under way by Neighborhood of Affordable Housing on Sitkowski School Apartments in Webster, Mass.
David Hart Named President of Steinberg
International design firm Steinberg announced partner David Hart its new president, assuming the leadership from current president Rob Steinberg.