Northeast
TODAY’S DEALS: Inland Acquires Newly Constructed Indianapolis Community
Inland Real Estate Picks up a 384-unit asset from Milhaus in an HFF-brokered sale; Gebroe-Hammer closes 13 multifamily sales in July and August; and Meridian Capital brokers $29 million in creative acquisition and construction financing for a boutique condominium project.
Bluejay Management’s 341EPW 65 Percent Leased
Bluejay Management’s recent development, 341EPW, located in Brooklyn’s Crown Heights neighborhood, has surpassed the 65 percent leased mark following its mid-July launch, according to aptsandlofts.com, the exclusive leasing and marketing agent for the building.
Naftali Group Developing 20-Story NYC Condo
The Naftali Group is developing a 20-story condominium at 234 East 23rd St. in Manhattan’s Gramercy district.
PBM Adds Two Executives to its Senior Management Team
Perfect Building Maintenance (PBM), a building maintenance companies, announced the addition of two executives to its senior management team. Ronald Fay has been appointed general manager, a position created specifically for him. Patricia O’Brien joins as senior account executive.
Candlebrook Introduces 251 DEKALB in King of Prussia, Pa.
New York-based owner and operator Candlebrook Properties has unveiled a new amenities-rich luxury redevelopment in the Philadelphia suburb of King of Prussia, Pa. Occupancy is slated for this summer, with completion of the 641-unit community scheduled to be completed through various phases through 2016.
Sackett Union Condos, Townhouses Sell Quickly
The demand for condos and townhouses in Brooklyn remains brisk, with the developer of Sackett Union, a condo and townhouse project in the Carroll Gardens section of the borough, reporting that the property has fetched record prices for the area.
Duravit USA Appoints Janina Griebe Marketing Manager
Duravit USA has announced that longtime team member Janina Griebe has been appointed marketing manager.
Corvias Foundation Awards $100,000 in Educational Grants to Military Spouses
Corvias Foundation, a private, charitable foundation and the charitable arm of Corvias Group, has been committed to supporting military families in the pursuit of higher education since 2006.
New Phase at Newtown Square Townhome Community Up For Sale
D.R. Horton’s latest development, The Grande at Muirwood Hill, sold so well in its initial offering that the firm has released a new phase of home sites in Newton Square, Pa.
MassHousing Provides Nearly $1B for Affordable Housing in FY ’14
MassHousing, which is the housing agency of the Commonwealth of Massachusetts, reports that it provided $985.2 million for affordable housing in the 2014 fiscal year, which ended June 30, 2014. It was the second-largest lending year in the agency’s 48-year history.