Northeast
Brooklyn: Sales Prices Up, Number of Sales Down
A quarterly market report by Ideal Properties Group shows that residential sales prices in Brownstone Brooklyn and North Brooklyn increased by more than 13 percent in the fourth quarter of 2013 from the previous year.
NYC Announces New, Expanded Carbon Challenge that Now Includes Multifamily
Spurred by big drops in greenhouse gas emissions, New York City has unveiled new and expanded programs aimed at building efficiency, including an expansion of its Carbon Challenge to include multifamily buildings.
Financing in Place for $278M Brooklyn Mixed-Income Project
A 586-unit mixed-income asset is set to break ground in Downtown Brooklyn now that land, LIHTC and $177.5 million in financing are in place.
JP Morgan Unit Acquires Massachusetts Luxury Apartment for $63.1M
Institutional investors advised by J.P. Morgan Asset Management acquire Reading Commons, a 204-unit luxury apartment community located 10 miles north of Boston in Reading, Mass.
New Boston Fund, Asian CDC Land Financing for Mixed-Income Development in Boston
New Boston Fund and Asian Community Development Corp. land $114.7 million via HFF for a mixed-income development in Boston’s Chinatown.
Tryko Partners Acquires Affordable Housing Community in Pennsylvania
New Jersey-based Tryko Partners acquires an 86-unit affordable housing community in Leechburg, Pa.
Related Completes Affordable Housing Rehab in Middleton, NY
Major renovations at the at the Southeast Towers residential building in Middletown, N.Y., have been completed.
Rose Associates to Renovate Manhattan Community
Work is under way on an extensive renovation of the Melar, a 22-story multifamily property at 93rd St. and Broadway in Manhattan.
Cantor-Pecorella Opens Condo Sales in Stuyvesant Square
Cantor-Pecorella has made available 78 units in Rutherford Place at Stuyvesant Square.
Auction.com Sells 246 Fifth Avenue Mixed-Use Commercial Building in New York City
Auction.com LLC, an online real estate marketplace, announced the closing of the sale of 246 Fifth Ave.