Northeast
Economy Watch: Fed Says Growth at “Measured Pace”
The Federal Reserve released the latest Beige Book and for the moment, the central bank isn’t characterizing the U.S. economic as experiencing “moderate” or “modest” growth.
UDR Lower Manhattan Properties Fully Functional
Damage estimates from Hurricane Sandy, which roiled the Northeast a month ago, are still coming in. Multifamily specialist UDR has reported that it estimates that the storm caused total damages to the properties of between $28 million and $32 million.
Charles M. Moran to Head Property Management at Vesta Corporation
Charles M. Moran, formerly a senior executive in operations with private company Conifer Realty and non-profit The Community Builders, joined the Vesta Management subsidiary of the Vesta Corporation.
Beech Street Capital Names Tyler Griffin Vice President of Originations at its NY Office
Beech Street Capital LLC, announced that it had promoted Tyler Griffin to the post of vice president of originations at its New York Office. Griffin will focus on multifamily and commercial real estate debt financing nationwide, with an emphasis on FHA programs.
New Condo to Rise Across From UN
Zeckendorf Development with Global Holdings have unveiled plans for 50 United Nations Plaza, a 44-story, 87-unit condo development across from the United Nations Headquarters in Manhattan.
The Goldenberg Group Begins Construction on $100M Philadelphia Student Community
The Goldenberg Group, a Philadelphia-based real estate developer, has started construction on a $100 million student community redevelopment project.
Campus Apartments Appoints Vice President of Management Services
Campus Apartments, a privately held providers of student housing, announced the appointment of Casey Van Zandt to vice president of management services.
CRE Organizations NYSAFAH and AAREPNY Form Partnership
The New York State Association for Affordable Housing and the African American Real Estate Professionals of New York have inked a one-year formal partnership.
Centerline Capital Group Closes Conduit Financing of Retail Center
Centerline Capital Group, traditionally a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company, announced it has closed on its first non-multifamily financing after recently re-entering the CMBS loan market.
AIA and Perkins Eastman ‘Design for Aging Review’ Explores Senior Housing Best Practices
What are the best practices and emerging ideas in senior housing design? The Perkins Eastman Research Collaborative explores this question in its recently released “Insight and Innovations: The State of Senior Housing.”