News
The Klein Company Opens Eco-friendly Apartments in Cherry Hill, N.J.
The Klein Company is opening the Dwell Luxury Apartments, 233 contemporary apartments in Cherry Hill, N.J., outfitted with top-of-the-line finishes and eco-friendly features.
Riverfront Residential’s Luxury N.J. Community 65 Percent Occupied
Riverwalk, a new 158-unit mixed-used community in Elmwood Park, N.J., is already 65 percent leased, according to Riverfront Residential, the community’s developer. This is the first luxury multifamily community in Elmwood Park.
TODAY’S DEALS: NorthMarq Arranges $39.5M Fannie Mae Mortgage for Acquisition
NorthMarq Capital arranges a $39.5 million Fannie Mae loan through AmeriSphere Multifamily Finance; a JV buys a large Maryland asset; and Steadfast acquires a 26.4-acre parcel in Kentucky with plans for a 256-unit development.
Work Under Way on Collings at LumberYard Apartments
Ground has been broken on the first phase of the Collings at the LumberYard, a new apartment property in the borough of Collingswood’s downtown.
Campus Advantage Announces $150 Million Joint Venture with Major Public Pension Fund
Campus Advantage has announced a $150 million joint venture with a major public pension plan that provides investment services to the benefit of public employees and state and local governments.
EdR Partners with Elauwit Networks as Ancillary Income Generator
EdR, a student housing developer, has purchased a 10 percent interest in Elauwit Networks—an Internet, video and telephone service provider.
Florida Crystals, a Newcomer to Multifamily Development, is Sweet on Delray Deal
The swift growth in demand for multifamily living in recent years has spurred many experienced multifamily developers to announce plans to develop new projects. That same demand is now tempting would-be housing developers whose renown was built outside the multifamily industry.
Economy Watch: Housing Market Gets Some Legs
According to the S&P/Case-Shiller Home Price Indices released, all three headline composites ended 2012 with strong gains.
Upper East Side Condos Hit the Market
In yet another indication of the return of the NYC condo market from its zombie period (ending perhaps in 2012), 150 E. 72nd St. has launched condominium sales.
Joint Venture to Develop 131-Unit Pittsburgh Community
Pennrose Properties and Ralph A. Falbo Inc. have begun development on a multifamily community called The Gateway at Summerset, located in the Squirrel Hill section of Pittsburgh.