Northeast
Jersey City’s 18 Park Celebrates Grand Opening
Jersey City Mayor Steven Fulop along with officials from Ironstate Development and Kushner Real Estate (KRE) were recently on hand to celebrate the grand opening of the recently completed 18 Park luxury rental building in Jersey City’s Liberty Harbor North neighborhood.
Benenson Capital Partners Names David P. Thomas to Chief Financial Officer
David P. Thomas, a former partner and practice leader with Deloitte’s NYC real estate industry group, has been named chief financial officer of Benenson Capital Partners LLC, a privately held real estate investment and development company.
Ingerman Closes on Land for Development of Affordable Community
Multifamily builder and manager Ingerman has announced that it has closed on a 2.6-acre property in Wood-Ridge, Bergen County, N.J., where it plans to construct a 104-unit affordable rental community.
Enterprise Names Judi Kende Vice President and New York Market Leader
Enterprise Community Partners Inc. announced that Judi Kende has joined as vice president and New York market leader after working eight years at the Low Income Investment Fund.
Modern Spaces Teams With BLU Realty Group to Market Long Island City Luxury Building
Modern Spaces has teamed with BLU Realty Group to market The Madison, a nine-story luxury building in Long Island City.
Abrams Development Acquires Boston Affordable Housing Property
The Abrams Development Co. has inked a deal to acquire the 71-unit Lionhead Apartments in Dorchester district of Boston.
Multifamily Sales Up in New York in Q2
The number of New York City multifamily building sales increased 18 percent in the second quarter of 2014 compared to the same quarter in 2013, but the dollar volume of those trades rose a modest 1 percent, according to the most recent Ariel Property Advisors quarterly report on the city’s multifamily market.
Madison Realty Capital Acquires Manhattan Mixed-Use Property For $40.2M
Madison Realty Capital has acquired 361 East 50th St., a six-story mixed-use elevator building located in the Midtown East section of Manhattan, for $40.2 million.
South Jersey Apartment Community Sells for $26M
The 484-unit Chalet Gardens in the Philadelphia suburb of Pine Hill, N.J., has traded hands for $26 million.
Centerline Capital Group Officially Renamed Hunt Mortgage Group
Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced that it has been renamed Hunt Mortgage Group, completing the firm’s transition to Hunt Companies Inc.