Northeast
HIT Invests $33M for Second Phase of Old Colony Redevelopment
The AFL-CIO Housing Investment Trust has invested $33.5 million in the $61.4 million development of 129 new apartments at Old Colony, one of Boston’s largest public housing properties.
Corvias Campus Living Announces Two Key Appointments
Corvias Group announced that it has hired Jennifer Dilley as vice president of student affairs and Ronald LaPorte as vice president of business development of Corvias Campus Living, the company’s student housing division.
HFF Closes on $66.25M Sale of N.J. Community
HFF has closed on the sale of Avalon at Aberdeen Station in Aberdeen, N.J., for $66.25 million on behalf of the seller, AvalonBay Communities Inc. MFREVF Aberdeen Urban Renewal LLC purchased the multifamily community.
Groundbreaking Ceremonies Herald Start of Old Colony’s Phase Two
Groundbreaking ceremonies were recently held to mark the construction start on Phase Two of The Homes at Old Colony Redevelopment Project in South Boston.
Centerline Capital Group Selected By U.S. Department of Housing and Urban Developmen for Tax Credit Pilot
Centerline Capital Group announced it was selected to participate in a tax credit pilot program conducted by the U.S. Department of Housing and Urban Development.
PROFILE: TD Bank Eschews Bailout, Provides Consistent Financing
TD Bank regards its reliability for customers—the noted ability to continue to support borrowers through tough economic times—as one of its competitive advantages.
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.