Northeast
The Solomon Organization Promotes Andrew Rosen to Managing Director
The Solomon Organization recently announced its promotion of Andrew Rosen to managing director in response to his invaluable contributions to the multifamily operator’s portfolio of more than 10,000 units in New York, New Jersey, Connecticut and Pennsylvania.
TODAY’S DEALS: Milestone Buys in Denver and Atlanta
Milestone buys two properties for a combined $78 million; Bell Partners buys an apartment community in the Baltimore-D.C. metro area; and Sabra Health Care REIT purchases a seniors housing campus in Indiana.
NYSERDA Seminars to Highlight Value of Energy Efficiency in Multifamily Buildings
The New York State Energy Research and Development Authority is holding seminars on Thursday, May 8 in Manhattan to help address the critical, persistent issues that are impacting the performance of multifamily buildings.
Garden Communities Begins Leasing of Fair Lawn Mixed-Use Community
Garden Communities, a subsidiary of Garden Homes, has began leasing operations on the 150 luxury rental apartments of Fair Lawn Promenade, a mixed-use community in Fair Lawn, N.J., currently under construction along Route 208.
Delshah Appoints Jeffrey Bogino as SVP, Managing Director
Delshah Capital has announced the appointment of Jeffrey D. Bogino as senior vice president and managing director.
APARTMENT MARKET STATISTICS: May 2014
According to PPR/CoStar, average apartment sales price was $107,501 per unit in the fourth quarter of 2013, down slightly from the same period in 2012.
NY Landlord UAM Expands Green Initiatives
Urban American Management has unveiled plans to expand its sustainability program at 3333 Broadway, one of the largest multifamily buildings in New York City, with almost 1,200 units under one roof.
HAP Investments Starts on East Harlem Apartments
Ground has been broken for 329 Pleasant Ave. in Harlem, N.Y., which will be called HAP 5. The property will rise eight stories in the eastern part of that neighborhood, and contain 20 apartment units.
Sterling Properties Begins Leasing First Building at RiverBend East at Wappingers Falls
Sterling Properties has announced that is has begun leasing in the first building of the company’s new development RiverBend East at Wappingers Falls in Dutchess County, N.Y.
United Group Welcomes Chief Operating Officer
As United Group of Companies continues to grow and evolve, the company welcomes Jeff Arnold as Chief Operating Officer (COO) of United Realty Management Corp., AMO®.