Northeast
Victorian Factory Becomes Green Apartments
The Abbot Mill renovation in Forge Village of Westford, Mass., has been completed. Originally built in 1870 and long a part of the industrial history of Massachusetts, the property now includes 131 residential units, 13 of which are affordable housing.
New Brunswick’s Gateway Transit Village Wins Smart Growth Award
A 2012 Smart Growth Award from New Jersey Future has been captured by Gateway Transit Village, a new mixed-use development next to the N.J. Transit train station in downtown New Brunswick, N.J.
Affordable Housing for People with Special Needs Coming to Wallkill, N.Y.
The Community Preservation Corporation, a not-for-profit mortgage lender financing multifamily development throughout New York, has closed on a $7.95 million construction loan to develop Sunrise Apartments in the town of Wallkill, N.Y.
Upbeat Assessment in Ariel Property Advisors’ Q2 Report
Ariel Property Advisors’ second quarter multifamily report indicates New York City multifamily transactions increased 48 percent in the second quarter of 2012, vis-à-vis the same period one year earlier.
Boston Apartment Market Sees Mixed 2Q Rental Rate Movements
A subsidiary of Zillow, RentJuice, reports that average asking apartment rents climbed by 4 percent in the Boston metro area in the second quarter of 2012, those same neighborhoods saw the effective cost of rental space drop.
TF Cornerstone Finding Great Interest in New Long Island City Community
In just five weeks on the market, Manhattan-based TF Cornerstone’s newest residential tower located at 4540 Center Boulevard is already close to 60 percent leased.
UDR Closes $297.7M Multi-State Apartment Portfolio Sale
The UDR Multi-State Portfolio sale, which was inked earlier this year, has been finalized.
Picerne Military Housing Expands into the Student Housing Market
Picerne Military Housing, announced today that it is expanding to the student housing market with the launch of a new parent company called Corvias Group, and a new student housing division called Corvias Campus Living.
Unithree Completes $12M Rehab of Staten Island Affordable Housing Development
Unithree Investment Corp. has completed a $12 million improvement program on the Parkhill Affordable Housing Complex in Staten Island.
New Affordable Housing Opens in Bed-Stuy
Madison Putnam, a new 48-unit affordable housing development in the Bedford-Stuyvesant section of Brooklyn, N.Y., has opened.