Northeast
NYC Falls Behind Tokyo in Residential Investment Value: Study of Top Global Cities
Residential rental growth in the world’s leading cities outperformed office rents in the first half of 2013, making residential real estate look a viable investment asset class, according to international real estate advisor Savills.
Transwestern to Establish Major Presence in Boston with Acquisition of Richards Barry Joyce & Partners
Transwestern’s Houston headquarters announced it is acquiring Richards Barry Joyce & Partners LLC (RBJ), a full-service real estate firm based in Boston. Establishing its 34th U.S. office, Transwestern achieves a significant presence in the Boston market.
Cantor-Pecorella to Sell Historic NYC Building-Turned-Condos
Rutherford Place at Stuyvesant Square, which is listed on the National Register of Historic Places, is being transformed into 78 one-of-a-kind, new condominium homes that are being sold by Cantor-Pecorella, the building’s exclusive sales and marketing firm.
Arker Cos. Acquires Affordable Apartments on Staten Island for $27M
Two affordable housing properties in the New York borough of Staten Island have traded hands for a combined total of $27 million.
More Than 80 Percent of The Leonard Under Contract
The Leonard luxury condominium is more than 80 percent under contract, less than two months after sales were launched at the Northeast Tribeca property.
Relevance New York Adds Two NYC Buildings
Relevance New York, a brand-building company, is now representing Walker Tower in Chelsea, and 435 West 50th Street in Hell’s Kitchen.
Isalia Honored for Rehab Work
The City of Boston has named Isalia Property Group as an “exemplary property developer and manager in 2013.” The company was so honored for its work over the last two years rehabilitating a variety of properties in the Boston area, some of which were previously cited as problem properties by the Mayor’s Problem Properties Task Force.
Peabody Property’s Community for Veterans to Open in September
Valley Brook Village, a supportive residential property for returning servicemen and women, will open next month. Designed by The Architectural Team in partnership with Peabody Properties, the developer, it will house 62 veterans at risk for homelessness.
Halstead Property Development Marketing Announces Sales of Brooklyn Condos
A new residential condominium conversion called 364 Union in Carroll Gardens, Brooklyn has started sales, according to the Halstead Property Development Marketing.
New York Residential Specialists Elects New Members
New York Residential Specialists (NYRS), the REBNY-certified program that recognizes top NYC residential real estate agents with the highest professional credential, announced three new appointments to its Board of Advisors and Executive Committee.