Northeast
Campus Advantage Celebrates Ongoing Success by Adding Seven Properties
Campus Advantage’s current Fall 2013 lease-up rates are 6 percent higher than at the same time last year. The company announced in January a second, $75 million joint venture with the California State Teachers’ Retirement System.
Freddie Mac Approves Greystone as Designated Seniors Housing Seller/Servicer
Greystone, a national provider of multifamily and healthcare mortgage loans, today announced that it has been approved as a National Senior Housing Seller/Servicer by Freddie Mac to originate and service multifamily seniors housing loans nationwide.
L+M founders to be honored by Greyston Foundation
Sandy Loewentheil and Ron Moelis, co-founders of L+M Development Partners (L+M), will be honored by The Greyston Foundation, a pioneer in social enterprise that creates jobs and provides integrated programs that move individuals toward self-sufficiency, at its 2013 Annual Benefit on May 22.
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.