Northeast
Pennrose and Blue Sea to Redevelop Prospect Plaza
The New York City Housing Authority and New York City Housing Preservation and Development have tapped Pennrose, a multifamily specialist based in Philadelphia, to be a co-developer on Brooklyn’s Prospect Plaza redevelopment.
Arbor Appoints Todd Hirsch Executive Vice President, Head of CMBS Finance and Distribution
Arbor Commercial Mortgage LLC (Arbor) today announced the appointment of Todd Hirsch as executive vice president, head of CMBS Finance and Distribution.
Joint Venture Buys N.J. Student Housing Community for $44M
A joint venture has obtained a $44.1 million loan to acquire a 674-bed student-housing community, Rockoff Hall, in New Brunswick, N.J.
Related Companies Names John R.S. Jacobsson Executive Vice President
Related Companies today announced that John R. S. Jacobsson has been named executive vice president.
Award-Winning N.J. Community 90 Percent Occupied
140 Mayhill, a 158-unit luxury multifamily property in Saddle Brook, N.J., which opened in 2009, is currently more than 90 percent occupied, according to developer and owner Value Companies Inc.
Berkadia Closes on Apartment Refinance Deals
The New Jersey office of Berkadia Commercial Mortgage LLC recently closed two deals totaling $89.5 million in financing for multifamily properties located in Rhode Island and New Jersey.
MHN Interview: Related Affordable on Preserving Affordable Housing
MHN talks to Matthew Finkle, president, Related Affordable, about his new position and his strategy for acquiring and preserving new affordable housing properties.
Baxter Park South Delivers New Apartments for Newark
A ribbon-cutting ceremony February 22 celebrated the newly constructed Baxter Park South mixed-use development, located on the former site of long obsolete Newark public housing. This new development is the first phase in a key revitalization effort bringing highly sought housing to an enclave straddling the University Communities and the Broad Street Station District.
The Klein Company Opens Eco-friendly Apartments in Cherry Hill, N.J.
The Klein Company is opening the Dwell Luxury Apartments, 233 contemporary apartments in Cherry Hill, N.J., outfitted with top-of-the-line finishes and eco-friendly features.
Riverfront Residential’s Luxury N.J. Community 65 Percent Occupied
Riverwalk, a new 158-unit mixed-used community in Elmwood Park, N.J., is already 65 percent leased, according to Riverfront Residential, the community’s developer. This is the first luxury multifamily community in Elmwood Park.