Northeast
Toll Brothers Announces Agreement to Purchase Shapell Homes; Acquisition Will Significantly Expand Toll’s California Presen
Toll Brothers Inc. and Shapell Industries Inc. announced that they have entered into a definitive purchase agreement under which Toll Brothers will acquire the home building business of Shapell in a stock acquisition for approximately $1.60 billion in cash.
Pennrose Completes The Gateway at Summerset
The final phase of construction is complete at The Gateway at Summerset, a high-end apartment community in the Squirrel Hill neighborhood of Pittsburgh.
Arbor Appoints Kevin Hern as Vice President
Arbor Commercial Mortgage LLC announced the appointment of Kevin Hern as vice president.
WinnResidential NYC Hands Out 20,000 Pounds of Produce in the Bronx
Recently, 21 employees from WinnResidential’s NYC office joined volunteers from New York Cares and NYSE Euronext to participate in the City Harvest “Mobile Market.”
50 United Nations Plaza Unveils 88 Luxury Condos
Zeckendorf Development and Global Holdings held a sales launch event for 50 United Nations Plaza to unveil the views and prices of 88 condominiums across from the United Nations HQ, geared towards the luxury client.
Winthrop Realty Trust Closes on a Quartet of Class A Properties
Winthrop Realty and Trust has announced the acquisition of four Class A luxury apartment buildings that have been built to condominium specifications for an aggregate purchase price of $246 million.
Lowe Enterprises Investors Acquires The Granary in Philadelphia
The Granary, a new nine-story, Class A multifamily community in Philadelphia, has been acquired by Lowe Enterprises Investors from developer Pearl Properties on behalf of an investment client.
Mitchell Properties and The Community Builders Finish Boston Mixed-Income Multifamily Project
A joint venture between Mitchell Properties and The Community Builders has opened 225 Centre, the first phase of a 14-building, transit-oriented $250 million redevelopment of Jackson Square, which is designed to be a link between Boston’s Jamaica Plain and Roxbury neighborhoods.
Elad Group Launches Sales at Landmarked 22 Central Park South
The newest New York condominium project from developer Elad Group, 22 Central Park South, has commenced sales.
Mack-Cali, Roseland Open RiverTrace at Port Imperial
Mack-Cali Realty Corporation and Roseland recently celebrated the opening of RiverTrace at Port Imperial rental community.