Northeast
Times Equities Secures Nearly $400M for Lower Manhattan Condos
Time Equities has announced that it has secured $398 million in financing for a 63-story, mixed-use condominium building in Lower Manhattan.
Fields Development Group’s Upscale ‘Madox’ Leased Up in Jersey City
Madox, the latest upscale rental property from Fields Development Group, is completely leased up. The milestone was reached less than 12 months after the 131-unit luxury apartment property was unveiled.
Chagit Sofiev-Leviev Appointed As CEO For Real Estate Development Firm Africa Israel USA
Real estate development company Africa Israel USA (AFI USA), recently named Chagit Sofiev-Leviev as chief executive officer (CEO) for the firm.
Corvias Group Appoints Charlie Smith as Executive Vice President of Construction
Corvias Group, a privately owned, vertically-integrated real estate solutions group, announced that Charlie Smith has been hired as executive vice president of construction where he will oversee all aspects of design and development.
Southern Land Company Secures $110M For 375-Unit Development
Southern Land Company, in partnership with Redwood Capital Investment, has secured $110 million in financing from M&T Bank for 3601 Market Street. The community is a 28-story, 375-unit Class A community in Philadelphia, near the University City Science Center Campus.
Related Beal Announces Boston Condominium Building is Sold Out
Related Beal, a joint venture between Related Companies and The Beal Companies, announced that The Clarendon, a Boston high-rise condominium building that includes 103 units, is 100 percent sold.
Kirk Sykes Named Chairman of the Real Estate Executive Council’s Board of Directors
New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced that Kirk A. Sykes, president of New Boston’s Urban Strategy America (USA) Fund LP, has been appointed chairman of the board of directors for the Real Estate Executive Council .
Naftali Group Acquires Large Block of Buildings in Chelsea for $20.1M
The Naftali Group has acquired five contiguous buildings in the Chelsea submarket, located at 261-267 West 25th St., for a total cost of $20.1 million. The company plans to demolish the entire existing structures to develop a 12-story luxury residential condominium containing 108,393 square feet.
WXY + West 8 Makes Short List in ‘Rebuild by Design’ Challenge
The WXY + West 8 Team has been chosen as one of 10 international teams that will take part in Stages 2 and 3 of “Rebuild By Design,” a design competition aimed at promoting resilience in the region affected by Hurricane Sandy.
Hell’s Kitchen Transformation Underway with Gotham West Opening
This month marks the highly anticipated opening of Gotham West, the 32-story, 554-unit luxury apartment community in Hell’s Kitchen. Surrounded by 10,000 square feet of landscaped outdoor space, Gotham West is located at 550 West 45th St. on the corner of 11th Ave., and was developed by Gotham Organization, Inc., a company no stranger to Hell’s Kitchen.