Northeast
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.
Upper East Side Condos Hit the Market
In yet another indication of the return of the NYC condo market from its zombie period (ending perhaps in 2012), 150 E. 72nd St. has launched condominium sales.
Joint Venture to Develop 131-Unit Pittsburgh Community
Pennrose Properties and Ralph A. Falbo Inc. have begun development on a multifamily community called The Gateway at Summerset, located in the Squirrel Hill section of Pittsburgh.
Incentives Offered to Buyers at Palisades Park Condos
On the heals of a successful $25,000 incentive program for buyers at The M at Englewood South, the owners of the condominiums will be offering similar incentives to those who sign a contract on a new home at Trio, located at 800 12th St., in Palisades Park, by March 31.
Loan Secured for Supportive Housing Rehab in NY’s Dutchess County
The renovation of 116 units of supportive housing at Hudson River Lodging has been made possible through a $2.4 million permanent loan.
NYC’s BlueWay Plan will Fortify East River Waterfront
New York City is planning to build a new storm barrier along the East River as part of a complete revamping of a four-mile long waterfront featuring wetlands, pedestrian bridges, mini parks, a continuous bike/walk path and even a sandy beach.