Northeast
White Plains Housing Authority, Jonathan Rose Companies to Develop $42.18M Affordable Housing Community
The White Plains Housing Authority in partnership with Jonathan Rose Companies has broken ground on a $42.18 million affordable housing community, The Prelude, in the first phase of efforts to revitalize at the Brookfield Commons campus in White Plains, N.Y.
BNE Real Estate Group Unveils Luxury Rental Community in Jersey City
Warren at York, a new luxury rental property in Jersey City, N.J., has been given its grand opening.
Mack-Cali Buy Boston-Area Apartments for $37M
Mack-Cali Realty Corp. has acquired Andover Place at 650 Bulfinch Dr. in Andover, Mass., which is in Essex County, north of Boston. The New Jersey-based REIT paid about $37.7 million for the 220-unit multifamily property.
PROFILE: Corporate Housing Firm Connects Luxury Condo Owners to Extended-Stay Market in New York City
Companies today are eager to hire temporary workers. And that is a boon for the corporate housing sector, says Suzanne Miller, president of Empire State Properties.
TODAY’S DEALS: Cohen Financial Arranges $2.2M Life Company Loan for Michigan Property
Cohen Financial secures a $2.2 million refinance for The Abbey Apartments; and Boston Capital invests in an affordable multifamily community.
Bijou Properties, Intercontinental Break Ground on New Development
Ground has broken on an $83 million luxury multifamily project in Hoboken, N.J., via a joint venture between Bijou Properties and Intercontinental Real Estate Corp. The project, 900 Monroe, is located next to the 9th Street Light Rail Station.
Leasing Starts at Naftali Group Apartments in Brooklyn
Leasing has started at the Bergen, an 84-unit apartment community at 316 Bergen Street in Boerum Hill neighborhood of Brooklyn.
SyndicIT Announces Expanded Offerings with Hewlett-Packard’s Managed Print Services and HP FLOW CM Digital Document Management for Multifamily Real Estate Operations
SyndicIT Services today announced an expansion of its product offering for multifamily real estate owners, operators and fee managers.
Aquinas Realty Partners Breaks Ground on Philadelphia Community
Aquinas Realty Partners, along with Philadelphia Mayor Michael A. Nutter, City Council President Darrell Clark and the Philadelphia Redevelopment Authority, recently hosted a groundbreaking event for a redevelopment project located at 2017-2023 Chestnut Street in Philadelphia.
TODAY’S DEALS: Walker & Dunlop Arranges $75M Life Company Financing for Development
Walker & Dunlop arranges interest-only construction-permanent financing for Park Meridian; and HFF brokers $14 million in joint venture equity for a condominium project in Scottsdale, Ariz.