Northeast
Plainfield, N.J. Affordable Housing Acquired by Tryko Partners
Liberty Village, an affordable housing property in Plainfield, N.J., has been added to the multifamily portfolio of private equity real estate group Tryko Partners.
A Compromise in Cambridge: Public-Private Partnership Results in Affordable Homes
After years of nurturing a controversial affordable housing project through the planning and approval stages, as well as overcoming legal battles and the recession, Lori Cowles finally gets to watch it go up before her eyes in Cambridge.
LEI Acquires 228-unit Community in Newark, Del.
Lowe Enterprises Investors, on behalf of an investment client, has announced that it has purchased the 18.5-acre, 228-unit Christina Mill Apartments in Newark, Del. from Korman Residential for an undisclosed price.
New Apartments Benefitting from High Line Location
Manhattan’s High Line, the linear park famed for spurring development and leasing in its general vicinity in the five years since the first phase opened, still seems to be working its magic.
WinnCompanies Completes 18th Adaptive Reuse Project
WinnCompanies’ real estate component, WinnDevelopment, has announced the completion of its adaptive reuse project, Voke Lofts, located at 34 Grove Street in Worcester, Mass.
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.