Northeast
Ideal Properties Group Re-Launching Brooklyn Luxury Apartments
Ideal Properties Group will re-launch The Bradford in Bedford Stuyvesant, the 105-unit development formerly known as the Acacia, which will now be utilized for luxury apartments.
DSF Group Acquires 433-unit Community in Danvers, Mass.
Boston-based real estate investment and development firm The DSF Group has announced that it has acquired the Danvers, Mass., community Avalon Danvers for $108.5 million in the largest transaction in the Boston market this year.
New Affordable Housing Community to Open in Newburgh, NY
Developer Jonah Mandelbaum joined with The Community Preservation Corporation Inc., Independent Home Care Inc., Independent Living Inc., New York State Homes and Community Renewal, for a groundbreaking on Independence Square, a new affordable housing community being built in Newburgh, N.Y.
Northland Investment Begins Suburban Boston Apartment Development
Work has started on The Merc at Moody & Main, a multifamily development in Waltham, Mass., that will also include a retail component. Newton, Mass.-based Northland Investment Corp., a privately held multifamily specialist, is the developer.
Centerline Capital Group Adds Two Executives to its Roster
Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced today it has hired two new executives–Nick Hoffer has joined the firm as senior vice president and COO, and Mustafa N. Haque joins Centerline as a vice president and assistant general counsel.
Enterprise Names Judi Kende Vice President and New York Market Leader
Enterprise Community Partners Inc. (Enterprise) announced that Judi Kende has joined as vice president and New York market leader after working eight years at the Low Income Investment Fund (LIIF).
KRE Group, Ironstate NJ City Development Fully Leased
The Marketing Directors have announced that the lease-up at Kushner Real Estate Group and Ironstate Development’s new luxury building in Jersey City, N.J., has set a city leasing record after inking more than 100 leases at the 422-unit community, 18 Park, within about four weeks of its initial lease-up campaign.
Keeping the Faith in Philly: Barzilay Develops Apartments Within a Church
Try to convince Barzilay Development founder and CEO Alon Barzilay that someone should preserve and redevelop Philadelphia’s historic structures, and you’d surely be preaching to the choir. Barzilay has announced his company’s Sanctuary Lofts, an apartment project built within a 125-year-old church, is now available for lease.
Thomas O’Brien Named President of LCOR
LCOR, a fully integrated real estate company specializing in property development, investment and management, announced that its chief operating officer, Thomas O’Brien, a 30-year veteran of the company, will succeed Peter DiLullo as president of LCOR, effective July 1.
Williamsburg Adaptive Reuse Near Completion
The Williamsburg neighborhood of Brooklyn has been a residential hotspot for some time now—ever since Brooklyn was discovered by hipsters and people tired of paying Manhattan rents—and the latest of a swarm of recent residential developments, 172 North 10th St., is nearly finished. The project is an adaptive reuse.