Regions
Garden Communities Begins Leasing at Woodcrest at Clark in Clark, N.J.
Garden Homes subsidiary Garden Communities has announced the opening of the first of four apartment buildings in the company’s active adult community Woodcrest at Clark.
TODAY’S DEALS: Eastern Union Funding Closes $46.57M Construction Loan for South Jersey Townhomes
Investors Bank will provide a $40 million construction loan with a $6.57 million earn-out for The Avery, a 450-unit townhome project; and BMC Capital provides a $1.32 million cash-out refinance loan for a student-housing property.
The Solomon Organization Promotes Andrew Rosen to Managing Director
The Solomon Organization recently announced its promotion of Andrew Rosen to managing director in response to his invaluable contributions to the multifamily operator’s portfolio of more than 10,000 units in New York, New Jersey, Connecticut and Pennsylvania.
Economy Watch: Construction Spending Rises in March
The Census Bureau reported that construction spending during March was at an annualized rate of $942.5 billion, or 0.2 percent above the revised February rate. The March 2014 figure is 8.4 percent above the March 2013’s annualized rate of $869.2 billion.
Enterprise Draws Link Between Housing, Health and Nutrition
At a time when food and housing expenses are climbing across the nation, Enterprise Community Partners Inc. has just unveiled innovative policy and programmatic solutions designed to improve nutrition among residents of affordable housing communities.
TODAY’S DEALS: Milestone Buys in Denver and Atlanta
Milestone buys two properties for a combined $78 million; Bell Partners buys an apartment community in the Baltimore-D.C. metro area; and Sabra Health Care REIT purchases a seniors housing campus in Indiana.
NYSERDA Seminars to Highlight Value of Energy Efficiency in Multifamily Buildings
The New York State Energy Research and Development Authority is holding seminars on Thursday, May 8 in Manhattan to help address the critical, persistent issues that are impacting the performance of multifamily buildings.
Beneficial Communities to Begin Work on South Miami Seniors Housing
Work will start soon on Metro South Senior Apartments at Sunset Dr. and SW 61st Ave. in South Miami, a south suburb of Miami.
Garden Communities Begins Leasing of Fair Lawn Mixed-Use Community
Garden Communities, a subsidiary of Garden Homes, has began leasing operations on the 150 luxury rental apartments of Fair Lawn Promenade, a mixed-use community in Fair Lawn, N.J., currently under construction along Route 208.
Delshah Appoints Jeffrey Bogino as SVP, Managing Director
Delshah Capital has announced the appointment of Jeffrey D. Bogino as senior vice president and managing director.