Northeast
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.
Gebroe-Hammer Orchestrates Sale of Two Pennsylvania Communities for a Total of $4.94M
Gebroe-Hammer Associates, a Livingston, N.J.-based firm, represented two sellers of multifamily properties in separate transactions in southeastern Pennsylvania totaling a combined 51 units that sold for $4.94 million.
Joint Venture Breaks Ground on Affordable Community for Those with Developmental Disabilities
New York State Homes & Community Renewal, the New York State Office for People with Developmental Disabilities, Occupations Inc. and Warwick Properties Inc. announced the groundbreaking of an affordable community in Middletown, N.Y.
Leasing Strong For N.J. Luxury Residential Development
St. George, a luxury rental apartment building comprised of 60 homes in Harrison, N.J., has leased 50 percent of its units in the first month of offerings.
Partners Buy Hurricane Sandy-Affected Apartments, Plan Rehab
The Community Development Trust, a private REIT that provides capital for the preservation of affordable housing, has partnered with Proto Property Services to buy and rehab Ocean Towers in the Coney Island section of Brooklyn.
Chelsea Apartments Sell for $15.9 Million
Two mixed-use buildings on the west side of Eighth Avenue between West 20th and 21st Streets in Manhattan have traded hands for $15.9 million.