Northeast
MHN Interview: How Albanese Organization’s Communities Survived Hurricane Sandy
MHN talks to Michael Gubbins, senior vice president, Albanese Organization Inc., which owns and develops properties in Battery Park City as well as other areas of New York, about how their properties fared and why their properties might have had an advantage over some of the others in the area.
Rockrose Apartments to Feature Concierge Services for Dogs
Rockrose, a New York-based real estate company, has partnered with The Spot Experience, a dog services provider, to provide dog concierge services to eight of their buildings.
SPECIAL REPORT: Hurricane Sandy’s Impact on Multifamily in the Northeast
Despite the destruction of Hurricane Sandy, the multifamily industry in the Northeast is heading back toward a feeling of normalcy.
Suburban N.Y. Affordable Apartments Completed
Spring Valley Family Apartments, a mixed-use development featuring 55 units of affordable housing and 6,500 square feet of ground floor commercial space in downtown Spring Valley, has been completed.
Pennsylvania Apartment Portfolio Wins $70M Refi
A seven-building apartment property portfolio, owned by Reinhold Residential and comprised of properties in Pennsylvania, has obtained refinancing to the tune of $70.2 million. All of the properties have the distinction of being historic structures that have been converted to multifamily rental space.
TODAY’S DEALS: Berkeley Point Arranges $28.179M Construction Loan for TDK
Berkeley Point Capital LLC recently facilitated a $28.2M Federal Housing Administration (FHA) insured loan at an interest rate of 2.89 percent; and Alliant Capital closes on a $2.4M acquisition loan.
Pennrose Senior Development Awarded LEED Silver Certification
Pennrose, a Philadelphia-based real estate development company, achieved LEED Silver certification by the U.S. Green Building Council for its Neston Heights Senior property, located at 210 Jones Houston Way in Easton, Pa.
DelShah to Take 22 Renwick to Completion
DelShah Capital LLC has acquired the mortgage debt at 22 Renwick St., a 19-unit condo property with one floor of commercial space.
Rehabilitation Complete on Cow Bay Apartments in Port Washington, N.Y.
A celebration was held October 16 to mark completion of the $7.8 million rehabilitation of Cow Bay Apartments, an 88-unit affordable housing community in Port Washington, N.Y., on Long Island’s North Shore.