Northeast
Mill Creek Residential Opens Luxury Multifamily in Nassau County
Mill Creek Residential has opened West 130, a transit-oriented luxury rental community in the Long Island town of West Hempstead, N.Y.
Economy Watch: Fiscal Cliff Deal?
Over the weekend and into Monday, there were rumors from Washington that hinted at the possibility of a deal on the fiscal cliff. They were vague murmurs, but enough to catch the attention of the chattering classes and investors.
Candlebrook Buys Philly-Area Apartment Community for $83M
Candlebrook Properties LLC and Angelo, Gordon & Co. have acquired the Echelon Glen apartment community, which totals 900 units in 63 buildings in Voorhees, N.J. The property traded for about $83 million.
Prudential Mortgage Capital Company Announces Leadership Change
Prudential Mortgage Capital Company today announced that David Durning, has been named successor to David Twardock, who intends to retire from his role as president.
Greystone Leads Nation as Top FHA Loan Originator
Greystone today announced its position as the leading FHA Multifamily Loan Originator by dollar volume, according to recently released data by the US Department of Housing and Urban Development.
MNS Report Reveals Low Studio Apartment Inventory in Brooklyn
According to the MNS November 2012 Brooklyn Rental Report, the New York City borough cannot keep up with the demand for multifamily units, with studio apartments especially lacking. The study shows that the rental rates increased a total of 1.16 percent across all unit types; however, studio rental rates decreased .83 percent since October this year.
Building Engines Integrates with Yardi Voyager through Gelbgroup
Building Engines, global provider of comprehensive web-based and mobile real estate operations management solutions, announced its web-service integration with Yardi Voyager through new partner Gelbgroup Consulting, Inc., a Yardi certified integrator.
Jennifer McLean joins Virginia Tech University’s Residential Property Management Advisory Board and Girls Inc. Board of Directors
Jennifer McLean, Chief Financial Officer of Pennrose Management Company, was recently appointed to Virginia Tech University’s Residential Property Management Advisory Board and the Girls Inc. of Greater Philadelphia and Southern New Jersey Board of Directors.
N.J. Condo Community Offers Remarkable Amenity Package
It’s sometimes difficult for a condominium to stick out, which is why MWHF Palisades Park, developer of Trio in Palisades Park, concentrated on providing the community with a stellar amenity package.
Two Northeastern Apartment Properties Refinanced for $23M
Two Northeastern multifamily properties have obtained Fannie Mae refinance loans totaling about $23.1 million. The larger of the two properties is in Pennsylvania, while the other is in New Jersey.