Northeast
Manhattan Skyline’s Luxury Condo is Sold Out
Manhattan Skyline, the developer of New York condominium building The Story House, announced that the community is already sold out. The most recent sale was for the top floor penthouse for $4.25 million.
Centerline Holding Company and Hunt Announce Definitive Merger Agreement
Centerline Holding Company and Hunt Capital Partners announced the entry into a definitive agreement and plan of merger between Centerline and an affiliate of Hunt under which an affiliate of Hunt will acquire through a merger all of the outstanding Common Shares of the Company that Hunt or its affiliates do not already own for cash consideration of $39.89 per share.
First Resident-Based Bike-Sharing Program Debuts in New York City
The first resident-based bike-sharing program in New York City was launched by Related Companies and Zagster, which provides bikes-as-a-service.
Upstate New York Affordable Housing Redevelopment Under Way
The Corr Community Center, which is an important part of the redevelopment of Liberty Gardens, a 180-unit affordable housing community, has been opened.
PREI Adds Michael Gallagher as Portfolio Manager on REITS Strategies
Prudential Real Estate Investors has added Michael Gallagher as a director and portfolio manager to its global real estate securities team.
Boston Becomes 8th U.S. City to Require Water, Energy Disclosures
Boston has joined seven other U.S. cities in requiring building owners to disclose energy and water usage of their real estate assets.
CIS Selected to Help Develop Post-Disaster Response Best Practices
Enterprise Community Partners has selected multifamily specialist Community Investment Strategies Inc. as the latest participant in its Hurricane Sandy Recovery and Rebuilding Program.
Trophy Changes Hands with Sale of NYC’s 650 Madison Avenue
There are structures for which the term “trophy building” is apropos, and Manhattan’s 650 Madison Avenue is one.
Regulatory Updates
Boston is the 8th major city in the United States to require building owners to disclose the energy and water usage of their real estate assets.
Slender NYC Condo Tower Designed by Ismael Leyva Architects to be ‘Tribeca Royale’
The condo development previously known as 19 Park Place has been rechristened as Tribeca Royale Condominium. The property will rise 21 stories near the World Trade Center in Lower Manhattan.