Northeast
Manhattan Condo Property Sees Rapid Sales
In another example of the revived heat of New York’s condo market, the developers of Citizen, a new condo property in Manhattan, report that about 85 percent of its units have been sold in roughly eight months of active marketing.
Campus Apartments’ CEO Named Homewood Suites Developer of the Year
Campus Apartments announced that President and CEO David Adelman was named the 2012 Homewood Suites Developer of the Year for Hilton Worldwide. One developer from each of Hilton’s Focused Service Brands is recognized with this honor annually.
SyndicIT Services Announces Associated Estates Realty Corporation’s Deployment of Digital Document Management Technology
SyndicIT Services (SyndicIT) today announced that Associated Estates Realty Corporation has deployed the company’s DocumenIT service for digital document and content management.
WiSe Urban and Nuestra Comunidad Begin Boston Rehabilitation Project
Nuestra Comunidad Development Corporation and WiSe Urban Development are forming a joint venture to rehabilitate Washington Park, a multifamily community in Boston owned by Washington Park Limited Partnership.
DelShah Capital LLC forms DelShah Lending
DelShah Capital LLC, a full-service real estate debt acquisition, development and management company, has formed DelShah Lending to originate short- and long-term hard money, bridge and mezzanine loans in New York City.
New York City Department of Parks & Recreation Selects Yardi Voyager
Yardi announced that the New York City Department of Parks & Recreation will adopt Yardi Voyager(TM) for Government as its property management and accounting platform, continuing a business relationship with Yardi that dates back to 1995.
Brooklyn Development Properties Acquired by Greystone
The New York City-based real estate development and financial services company Greystone has acquired two Brooklyn, N.Y., development properties totaling more than $50 million in value.
Apartment Conversion Started on Historic Philadelphia Landmark
Federal Capital Partners, Cross Properties and Alterra Property Group have teamed to renovate and convert the Philadelphia landmark 1616 Walnut Street to 206 luxury apartments in the historic Center City neighborhood.
TODAY’S DEALS: HFF Arranges $150M for Manhattan High-Rise
HFF announced that it has arranged $150 million in financing for the Madison Belvedere, a 50-story, 404-unit, Class A multi-housing property near Manhattan’s Madison Square Park; and Walker & Dunlop provides a $53 million Freddie Mac loan for a mixed-use property
RUPCO Develops Affordable Housing Community in Woodstock
Rural Ulster Preservation Company has developed Woodstock Commons, a 12-building, 53-unit affordable housing community for families and seniors in Woodstock, N.Y., marking it the first new affordable housing in the area in more than 30 years.