Northeast
NYSERDA Recognizes Six Engineering Firms for Doubling Energy Efficiency Savings in Multifamily Buildings
Multifamily buildings across New York State are maximizing building energy efficiency and reducing energy costs.
Pennrose Developing Seniors Apartments in Connecticut
Pennrose is developing The Jefferson, an affordable seniors apartment community located in New Britain, Conn., that is being built in conjunction with the New Britain Housing Authority.
Magnusson Transforms Parking Lots into Affordable Housing
Magnusson Architecture and Planning (MAP) commenced on the construction of Soundview Family Housing last week in the Soundview neighborhood of Bronx, N.Y.
Ground Broken on Affordable Family Housing in The Bronx
Ground has been broken on Soundview Family Housing, immediately adjacent to Soundview Park in the Bronx. The eight-story building will house 120 low-income families, and is the first in a multi-phase development.
Mack-Cali Buys NJ Apartment Property for $46M
Mack-Cali Realty Corp. has acquired Park Square, a two-building, 159-unit multifamily property in Rahway, N.J. The community, which includes a parking garage and about 6,000 square feet of retail space, traded hands for about $46.5 million.
WinnCompanies adds Worcester City Manager O’Brien as Executive VP
WinnCompanies, a real estate development and property management company, announced that Michael O’Brien has been hired as executive vice president.
New N.Y. Affordable Housing Finance Initiative Kicks Off in Poughkeepsie
The first loan through a new initiative to preserve affordable multifamily housing has closed for a property in Poughkeepsie, N.Y.
TODAY’S DEALS: LCOR Secures $49M+ Construction Loan for Mixed-Use Community
LCOR has closed on construction financing for its 304,271 sq. ft. mixed-use project at 638 Bloomfield Ave. in Montclair, N.J.; and Cohen Financial arranges more than $5.4 million for an acquisition.
TDI Breaks Ground on Transit-Oriented, Mixed-Use Project in Farmingdale, N.Y.
TDI Real Estate Holdings LLC announced that construction has commenced on a $40 million transit-oriented, mixed-use project in Farmingdale, N.Y., across the street from Farmingdale Station.
Extell Development Co. Launches Sales in NYC’s Upper West Side Luxury Condos
Extell Development Company has begun selling units at One Riverside Park, a luxury condominium on the Upper West Side’s Riverside South.