Northeast
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®.
Prism Capital Partners Adds Resident-Only Store to NJ MF Development
As a special amenity for its residents, Prism Capital Partners has opened a convenience store in its newly opened Parkway Lofts, a 361-apartment multifamily that was redeveloped from a century-old landmark of a six-story warehouse.
Chozick Realty Brokers 96-Unit Student-Oriented Community Near UConn
Chozick Realty announced that it has brokered the sale of the 96-unit Orchard Acres Apartments community located near the University of Connecticut in Storrs, Conn.
Wood Partners to Build 2 Washington in Boston Suburb
A 94-unit apartment community named 2 Washington, to be developed by Wood Partners, is planned for Melrose, Mass., a Boston suburb.
New LCOR Apartments Begin Move-Ins
Residents have started to move in to 250N10, a new-construction rental property in the Williamsburg neighborhood of Brooklyn.
Prism Capital Partners Redevelops NJ Landmark Warehouse into Luxury Apartments
Prism Capital Partners has redeveloped a century-old landmark from a six-story warehouse into Parkway Lofts, 361 beautifully appointed loft-style apartments in Bloomfield, N.J.