Northeast
Boston Capital Invests in 70-unit Affordable Multifamily Development
Boston Capital is investing in the construction of Cheriton Heights Apartments, a 70-unit multifamily development for seniors in Boston’s West Roxbury neighborhood.
New Apartments Underway in Suburban Philly
Madison Apartment Group has broken ground on Madison New Britain, a 232-unit apartment community in the Philadelphia suburb of Chalfont in Bucks County.
Salmanson Capital Acquires Student Housing Portfolio
Salmanson Capital has acquired a portfolio of off-campus student housing adjacent to Bethlehem’s Lehigh University for $15.23 million.
Affordable Housing Community to be First New Construction of Apartments in Ewing Township in 40 Years
The Gardens at Birmingham, a planned 48-unit affordable housing community in Ewing Township, N.J., was awarded Federal Low Income Housing Tax Credits by the New Jersey Housing & Mortgage Finance Agency.
Danbury Apartment Community on the Market
Brookview Commons, an 80,340-square-foot multifamily community located in downtown Danbury, Conn., is on the block.
KKR and Partners Buy Sunrise Management Business
In the wake of HealthCare REIT’s announced acquisition of Sunrise Senior Living Inc., a partnership led by Kohlberg Kravis Roberts & Co. LP is buying Sunrise’s management company business for about $130 million.
American Realty Capital New York Recovery REIT Acquires Brooklyn Condo
American Realty Capital New York Recovery REIT Inc. recently purchased The 163 Washington Condominiums, consisting of 50 rental units and a 36-space parking facility in Brooklyn, N.Y., for $31.5 million.
Halstead Property Broker and Team First to Create Real Estate iPad App
Julia Boland of The Boland Team at Halstead Property, a New York-based multifamily brokerage firm, has debuted One212, the first iPad app developed by a broker.
Report Advocates More Supportive Housing in NYC
A newly released report, “Building Futures: Creating More Family Supportive Housing in New York City,” details how New York City and the State of New York can bolster their commitments to housing for chronically homeless families.
MARKET SNAPSHOT: Abandoned Projects See New Life as Vacancy in Philadelphia Trends Downward
The City of Brotherly Love has seen a substantial recovery in both jobs and occupancy over the last few quarters, with the second half of 2012 expected to be a climax for this trend.