Northeast
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.
Greystone Plans Mixed-Use Development in Harlem
Locally based developer Greystone has acquired four adjacent land parcels on 125th and 126th Streets in the Harlem neighborhood of Manhattan. The company plans to develop a single mixed-use property, about 12 stories high, on the site.
Prism’s Parkway Lofts 50 Percent Leased, Phase III Now Available
Prism Capital’s Bloomfield, N.J., adaptive reuse development, Parkway Lofts, has surpassed the 50-percent leased mark, and units from Phase III of the redevelopment are now available to renters.
Bristol Housing Authority Executive Director Promoted to CEO
The Bristol Housing Authority has announced that long-time Executive Director Mitzy Rowe has been promoted to chief executive officer.
Luxury Oceanfront Condos Approved by Long Branch Planning Board
The planning board of Long Branch, N.J., has granted approval for South Beach at Long Branch, a luxury oceanfront condominium project to be developed by Montville, N.J.-based FEM Real Estate.
Manhattan, Brooklyn Residential Markets Will Thrive in ’15
Parts of Manhattan are going to attract a new wave of residential buyers, and despite rising costs, Brooklyn’s going to continue to be a hot residential market, according to a newly release set of predictions about 2015 real estate activity by Voda Bauer Real Estate.