Northeast
Affordable Seniors Multifamily Community Completed in N.Y. State
A new seniors housing community called Amber Grove has been completed in New Windsor, N.Y., about an hour’s drive north of New York City.
Five Oaks Investment Corp. Announces the Appointment of David Akre as Managing Director at Oak Circle Capital Partners LLC
Five Oaks Investment Corp. announced that David Akre has joined the senior management team of Oak Circle Capital Partners LLC, the Company’s external manager, as a managing director.
Enterprise Community Partners, Inc. Announces New Co-Chair of the Enterprise New York Advisory Board
Enterprise Community Partners, Inc. announced today the election of Todd A. Gomez, Community Development Banking (CDB) Northeast Region Executive at Bank of America Merrill Lynch, to join David Cavalier as co-chair of the Enterprise New York Advisory Board.
Construction Begins on $7.2M Connecticut Affordable Housing Community
Construction has started on Gini’s House, a $7.2 million affordable supportive housing development in Norwalk, Conn., that will include 18 one- and two-bedroom apartments.
Pennrose Named Property Manager for 148-Unit Pittsburgh Community
Real estate development and management company Pennrose has added the Pittsburgh apartment community Cloverleaf Village Apartments to its management portfolio. Pennrose will manage the community on behalf of Winshaw Partners.
Rafael Cestero, CEO of Community Preservation Corporation, Honored for Leadership in Affordable Housing
As part of a Cornell University summer field study, Rafael Cestero spent a semester at the Enterprise Foundation in New York City (now Enterprise Community Partners).
Co-op Lender Reports Increased Volume
Lending to co-ops continues to be brisk, according to a specialist in the field, National Cooperative Bank. In March, the company originated more than $77 million in those kinds of loans, compared with $51 million in February.
Marty Lanigan Joins Greystone as Executive Vice President
Greystone, a national multifamily and healthcare mortgage lender, has appointed veteran real estate finance expert Marty Lanigan as executive vice president.
Arbor Expands CMBS Lending Platform with Appointment of Three Industry Veterans
Arbor Commercial Mortgage announced the second phase expansion and development of its CMBS and Syndication platform with the addition of three industry veterans.
Long Island City’s Gantry Park Landing to Begin Leasing
Gantry Park Landing, the 12-story industrial-style rental property in Long Island City, will begin leasing this summer.