Northeast
Procida Funds Post-Sandy Construction of 200 Townhomes at Jersey Shore
In the first significant construction deal since Hurricane Sandy devastated the area, Procida Funding has provided a $7 million loan for the property acquisition and road construction for 200 townhomes in Toms River, N.J., through its 100 Mile Fund.
Work Begins on Suburban Boston Apartments
Wood Partners has closed on an 11.6-acre site in suburban Boston on which it plans to build Alta at the Estate, an 155-unit apartment property.
Suburban Philly Apartments Trade for $37.5M
Tenby Chase Apartments, a 327-unit property in Delran, N.J., has traded hands. SDK Apartments bought the asset from Pantzer Properties for $37.5 million. Currently, it’s 98 percent occupied.
Corvias Campus Living Appoints New Vice President
Corvias Group, a privately-owned, vertically-integrated real estate solutions group, announced today that Geoff Eisenacher has been named a vice president of business development for Corvias Campus Living, the company’s student housing division.
Related Companies and The Beal Companies Sell Boston Penthouse for $6.5M
Related Companies and The Beal Companies announced that the 3,500 square foot Penthouse 1 at The Clarendon has been sold for $6.5 million, or $1,834 per square foot. This represents the first collaboration between the two companies.
The Marketing Directors Announces New Marketing Coordinator, Laura Green
Laura M. Green has joined The Marketing Directors, a development advisory and master property marketing and sales force, as its new marketing coordinator.
“The Future of Zone A”: A Panel Discussion on Climate Change Adaptability
As the effects of climate change continue to make themselves known around the globe, New York City has become all too familiar with this new and devastating phenomenon.
APARTMENT MARKET STATISTICS: January 2013
The Apartment Market Statistics section of the January 2013 issue of MHN features a range of important multifamily data.
Jennifer McLean Joins GFI Capital Resources Group, Inc. as Chief Financial Officer
GFI Capital Resources Group, a full-service provider of real estate and insurance services, announces that Jennifer McLean will join the company’s executive management team as chief financial officer.
Luxury Rental Apartment Development Slated for Morristown
A luxury rental community called Latitude, to be developed by Dallas-based developer Mill Creek Residential, will soon be under construction in downtown Morristown, N.J.