Northeast
Vasco Ventures to Build 35 Luxury Units in Bed-Stuy
Private real estate group Vasco Ventures has unveiled plans to construct 35 luxury units in the Bedford-Stuyvesant neighborhood of Brooklyn.
MassHousing’s Loans Benefit Lynn, Mass., Seniors Housing
MassHousing loans totaling $16.4 million will make large-scale property renovations and the extension of affordability possible at St. Stephen’s Tower, a 130-unit community for seniors in Lynn, Mass.
The Bergen Luxury Apartment Building Sells for $52.2M
New York real estate developer The Naftali Group has closed on the sale of its popular Bohrum Hill rental apartment, The Bergen. The newly constructed, eight-story luxury building sold for $52.2 million and was brokered by Woody Heller of Savills Studley.
Greentree Development Group Gives Condo as a Gift
Greentree Development Group and the Semper Fi Fund donated a condominium at Parkside at Wanaque, a community of 88 townhomes and condominiums in Haskell, N.J., to Matthew Todd, an injured veteran of the Iraq war.
NJAA Hires Nichole F. LoPresti as Senior Vice President of Government Affairs and Special Events
The New Jersey Apartment Association has announced that Nichole F. LoPresti of Marlton, N.J., has joined the organization as senior vice-president of government affairs and special events.
Economy Watch: Holiday Retail Sales Strong This Year
Holiday retail sales between Thanksgiving and Christmas—except for car sales— increased 5.5 percent this year compared to the same period last year, according to MasterCard’s SpendingPulse report.
West Village Proerty on the Block
8 Charles Lane, a Manhattan property with an 88-foot by 103-foot footprint, has been put on the market. The property is unusual, according to the seller’s representatives, in that few other sites in the West Village neighborhood offer the possibility of ground-up multifamily development.
Alta Stone Place Nearing Completion in Melrose, Mass.
Wood Partners has announced that it has surpassed 30 percent occupancy at its soon-to-be completed 212-unit renovated mill in Melrose, Massachusetts—about 20 minutes from downtown Boston.
Rose Associates Promotes Two Veteran Officers
Rose Associates, a New York-based real estate firm, has announced the promotion of two of their managing directors, Mitchel S. Gelberg and Mark Motley, to senior managing director positions.
Capri Capital Sells 351-Unit Multifamily Community in Fort Lee, NJ
The Crest at Fort Lee, a 351-unit apartment community in Fort Lee, N.J., has been sold by Capri Capital Partners LLC, of Chicago, for $120 million to Pantzer Properties, of New York.