Northeast
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.
Maplewood Readies Connecticut Site for Seniors Development
Maplewood Senior Living has closed on a six-acre development site in Bethel, Conn., for an assisted living and memory care facility.
South Orange Mixed-Use Property Under Way
Ground has been broken for The Gateway, a mixed-use property in South Orange, N.J. The development will include 57 one- and two-bedroom apartment units, as well as about 9,100 square feet of high-end retail space.
Mill Creek Residential Breaks Ground on Luxury N.J. Community
Mill Creek Residential Trust announced that it has broken ground on Phase I of Latitude, a luxury community in Morristown, N.J., as part of the redevelopment of Speedwell Avenue. This is the first residential development in four years in the area.
Greystone Welcomes Andrew Warren to Affordable Housing Preservation Group
Greystone, a financial services and real estate firm, has announced the addition of Andrew Warren to the firm’s affordable housing preservation division as director of investments.