Northeast
New Manhattan Rental Property Unveils Lobby Artwork
Related Cos. has unveiled four works by painter Derek Reist at 1214 Fifth Ave., its 53-story rental tower in Carnegie Hill, on the Upper East Side of Manhattan.
Stephen York Named 2012 Arbor Top Producer
Stephen York was recently named the 2012 Arbor Commercial Mortgage top producer. York is a vice president at Arbor Commercial Mortgage, responsible for originating Fannie Mae, FHA, CMBS, Bridge, Mezzanine and Preferred Equity transactions nationwide.
Edison Village Slated for Spring Start
Edison Village in West Orange Township has won final site plan approval in preparation for construction to start this spring. The $230 million project is an industrial-to-residential adaptive reuse redevelopment of the historic Thomas Edison Invention Factory.
Corvias Group Announces New EVP of Property Management and SVP of Construction Operations
Corvias Group, a privately-owned, vertically-integrated real estate solutions group, announced that Charles E. Parker (Chuck) has been hired as executive vice president of property management and Edward Milch has been hired as senior vice president of construction operations.
MHN Interview: How $1B Will Affect Affordable Housing in New York State
New York Governor Andrew Cuomo recently committed $1 billion to the House New York program. MHN speaks to Donald Capoccia, president, New York State Association for Affordable Housing, about what this government investment will mean for the future of affordable housing in New York.
Pennrose Management Company President Contributes Time to NJAA
On Wednesday, January 23rd, Robert Lampher, President of Pennrose Management Company, was elected as a board member for the New Jersey Apartment Association (NJAA) during the Annual Membership Meeting at the Imperia on Easton.
MNS Reports Predict 2013 Rent Growth in Manhattan, Brooklyn
Rent growth will continue in both Manhattan and Brooklyn in 2013. That is among findings included in the Year End Manhattan and Brooklyn Rental Reports from real estate brokerage MNS, released in mid-January.
MARKET SNAPSHOT: Demand Remains Strong in Brooklyn, Keeping Asking Rents Elevated
As the New York metro area continues to experience a period of strong multifamily expansion, the high demand and shrinking vacancies are stretching far beyond the high-rises and walk-ups of Manhattan.
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.