Northeast
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.
Bonjour Capital’s 333 Greene in Brooklyn Launches Leasing
Leasing begins this month for 333 Greene Ave., a new 12-story, 56-unit rental property on the Clinton Hill and Bedford-Stuyvesant border in Brooklyn.
NJBA Names Verdana Howell Community of the Year
The New Jersey Builders Association has named Verdana Howell, a Howell Township, N.J.-based joint-venture partnership between Sterling Properties and AST Development, as its “Community of the Year” among rental communities in the Garden State.
South Common Apartments Acquired for $4M
A private investor based in Massachusetts has obtained a $4 million Fannie Mae loan to acquire South Common Apartments, a 72-unit apartment property in Lynn, Mass.
Sherwood Equities’ 500 West 21st Street Condominium Underway
Main foundation work is complete on a new condominium development from Sherwood Equities in Manhattan’s West Chelsea community.
Digital Leader Joins Executive Team at Houlihan Lawrence
Houlihan Lawrence, a estate brokerage firm servicing Westchester, Fairfield, Putnam and Dutchess counties, welcomes digital marketing expert Anne Marie Gianutsos to the company’s corporate management team, headquartered in Rye, N.Y., as director of digital.
Massive Harlem Mulitfamily Renovation Under Way
Work has started on the first phase of the redevelopment of Randolph Houses, which are in central Harlem in Manhattan.
Gilbane Development Launches Brown University Student Housing
Ground has been broken on the first purpose-built student housing community in Providence, R.I.
NYSERDA Announces Funding Opportunity for Multifamily Heating Improvement Measures
The New York State Energy Research and Development Authority has announced that $1.2 million in funding has been set aside to assist multifamily buildings in implementing improvements to heating systems.