Northeast
DePaul Completes Affordable Apartments in Rochester
The Carriage Factory Apartments, created by the redevelopment of the former Cunningham Carriage Factory by the nonprofit DePaul, has been completed. As a residential property, it now offers 71 studio and one- and two-bedroom loft apartments for income-eligible residents.
The Moinian Group, Tishman Construction Top Out On West 42nd Street
The Moinian Group has announced that its luxury tower development located at 605 West 42nd Street in Manhattan has topped out at 60 stories.
Ribbon Cut on Perkins Eastman-Designed Maplewood at Stony Hill
Maplewood at Stony Hill, a three-story, 84-unit memory care and assisted living facility in Bethel, Conn., recently had its grand opening.
Madison Realty Capital, USAA Real Estate Announce Development Plans
Madison Realty Capital has announced plans to construct a 170,918-square-foot 80/20 mixed-rate multifamily community in the Clinton Hill neighborhood in partnership with USAA Real Estate Company.
Instrata Lifestyle Residence Renters Gain Ultimate Travel Perk
Home may be where the heart is. But residents at Instrata Lifestyle Residences in New York City and greater Washington, D.C., benefit to their hearts’ content by getting away and enjoying the ultimate travel perk.
Dolben Begins Work on Rumney Flats in Suburban Boston
The Dolben Co. has broken ground on Rumney Flats, a 231-unit apartment development in Revere, a suburb of Boston. The property is part of a larger Planned Urban Development that includes BJ’s Wholesale Club, which has already been completed.
Greystone Starts Waterbridge 47 Condos in Brooklyn
Work is under way on Waterbridge 47, a residential development in the Venegar Hill/Dumbo neighborhood of Brooklyn. The developer, the New York-based Greystone, plans to sell the 25 residencies as condos.
Joint Venture Opens Affordable Housing in Harlem
A joint venture has opened Bethany Place, 23 renovated apartment units in Harlem, to go to Sandy-impacted and rent-burdened families.
LCOR’s David Klock Promoted to Chief Financial Officer
LCOR, a fully integrated real estate company specializing in property development, investment and management, announced that David Klock has been named chief financial officer and senior vice president.
BGC Partners Agrees to Acquire Apartment Realty Advisors (ARA) and Its Members
BGC Partners Inc., a global brokerage company servicing the financial and real estate markets, announced that it has entered into agreements to acquire Apartment Realty Advisors (ARA) and its members representing substantially all of ARA’s revenues.