Northeast
Sharbell to Expand NJ Seniors Condo Development
Montage at Hamilton, an 180-unit multifamily seniors development in central New Jersey, is on the verge of expanding with the addition of another building.
TODAY’S DEAL: Red Mortgage Completes $58.8M 221(d)(4) Construction/Refi Loan on Behalf of Development in San Fran’s Mid-Market District
Red Mortgage Capital provided FHA-insured financing for a 162-unit new apartment development in downtown San Francisco; and HFF secures an $80 million refinancing for a Hoboken, N.J., luxury multi-housing community.
TODAY’S DEALS: Greystar Closes on $800M Value-Add Multifamily Acquisition Fund
Greystar Real Estate Partners announces the final close of a discretionary commingled fund; and NorthMarq arranges $34.4M refinance with five-year I/O.
Industry Veterans Glenn Murray and Jon Capezzuto Join Hipercept
Hipercept announced today that real estate technology and managed services executives Glenn Murray and Jon Capezzuto have joined the Hipercept management team
Economy Watch: Job Openings Up in April
There were 4.5 million U.S. job openings on the last business day of April, up from 4.2 million in March, the Bureau of Labor Statistics reported in its Job Openings and Turnover Survey.
Bluejay to Begin Leasing 341EPW in Brooklyn
By Dees Stribling, Contributing Editor New York—Leasing at 341EPW, a new eight-story, 63-unit rental development with a retail component at 341 Eastern Pkwy. in the Crown Heights neighborhood of Brooklyn, will begin in July, according to the property’s developer, Bluejay Management. The company has tasked the brokerage company aptsandloft.com to lease the building, which is at the intersection of Eastern Pkwy and Franklin Ave. The property includes a mix of studio, one- and two-bedroom units, and some units sport a private terrace. Designed by the Meshberg Group, 341EPW features a white brick façade accented with precast stone to enhance the…
Lease-up begins at Barzilay’s Iron Mill Lofts in Philadelphia
Barzilay Development has announced that leasing efforts have commenced for its Philadelphia adaptive reuse development, Iron Mill Lofts.
Woodmont Properties Opens Luxury Apartments in Heart of Morris County
Woodmont Properties has opened Woodmont Knolls at Hanover, a luxury apartment community situated in the heart of Morris County, in the Cedar Knolls section of Hanover Township.
Alchemy Properties’ 35XV Condo Development is 80 Percent Sold
Alchemy Properties has announced that 80 percent of the residences at its 35XV condominium development have been sold. The 24-story building is located at 35 West 15th Street in Manhattan and is expected to be completed by the fourth quarter of 2014.
Eco-friendly Rental Building Now Leasing in Long Island City
Douglas Elliman Development Marketing has announced that the L+M Development project, The Pearson Court Square, which transformed a vacant Long Island City lot at 45-50 Pearson Street into a 197-unit eco-friendly luxury rental building, has launched leasing efforts.