Northeast
CPC Helps Keep NYC Community Affordable
With funding through Freddie Mac, Community Preservation Corporation has closed on a $40 million loan for the refinancing of Cathedral Parkway Towers. Refinancing helps prevent otherwise unavoidable rent increases that would have resulted from escalating operating costs at the 309-unit Mitchell-Lama project on West 110th Street in New York City.
High-Tech Luxury Living Launches in the Heart of Philadelphia
The new heart of Center City living is officially open for leasing.
Brooklyn Multifamily Sale Shatters Records
At a price of $296 per square foot, the sale of 632 Ocean Parkway has set a high mark for the Kensington section of Brooklyn.
ResiModel Announces Additions to Client Roster
ResiModel, a platform for aggregating, standardizing and analyzing financial data for multifamily transactions, reported a roster of clients that it onboarded during the first quarter of 2015.
New York City’s Housing Plan Outpaces Goals
New York City Mayor Bill de Blasio’s housing plan to create 200,000 units of affordable housing in 10 years is exceeding targets.
Michael Paul Enterprises Presents New Boutique Condos to Upper East Side Market
Manhattan’s prestigious Upper East Side is welcoming two new boutique condominium buildings to the market.
Mill Creek Launches Online Leasing for New Luxury Rental Community
Mineola, N.Y., residents have embraced Smart Growth concepts, ushering in a new era of planned suburban development and re-visioning.
Summer Launch Slated for Brooklyn Condos
Sales are scheduled to begin this summer at Forty2East, a new six-story, 53-unit condominium in Brooklyn’s Williamsburg neighborhood.
Brooklyn Apartment Market Bounced Back in a Big Way
While most New York City apartment markets have experienced a good run for landlords in recent years, the Brooklyn apartment has been especially strong, according to a new report by GFI Realty Services covering cap rates and gross rent multiplier trends.
Victor Group and Lend Lease Team Up on Manhattan Condominium Building
Victor Group announced it paired up with Lend Lease to develop a residential project at 281 Fifth Ave. in Manhattan.