Northeast
New Boston Fund and Asian Community Development Corp. Kick Off Construction on 362-Unit Mixed-Income Community
New Boston Fund Inc. and the Asian Community Development Corporation have announced the closing of financing and the beginning of construction on the mixed-income community One Greenway, located on Hudson Street in Boston’s Chinatown neighborhood.
Brooklyn Heights Apartment Reports Rapid Leasing
In another example of the strong demand for new apartments in New York City, 184 Joralemon, which began leasing only this summer, is now more than half leased, according to Ideal Properties Group, with rents ranging from $4,260 to $5,600 per month.
Ariel Property Advisors Sells Pair of Multifamily Buildings in New York
Ariel Property Advisors announced that it has sold the adjoining properties at 556-562 West 126th Street in New York for $15 million, which comes totals about $284,615 per square foot.
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.