Northeast
Condo-Quality Living Appeals to Renters in Long Island City
Crescent Club, which was purchased by Meadow Partners and Simon Development Group, was originally developed as condominiums and now features 130 rental units.
Sterling Parc at Middletown Proclaims Leasing Success
The first building at Sterling Parc at Middletown is now fully leased.
Brooklyn to Get Hotel and Condos in One Community
Recently, Toll Brothers City Living and Starwood Capital Group announced that they have been selected to develop a luxury and eco-friendly hotel called 1 Hotel, and condominium community at the Brooklyn Bridge Park.
$22 Million Investment for Boston Transit-Oriented Development
Tremont Realty Capital, a national real estate investment and advisory firm, recently secured funding for the acquisition and development of Metro at Wilmington Station.
Maryland Multifamily Project First to be NGBS Silver Certified
The Haven at Odenton Gateway has obtained a National Green Building Standard silver certification for a multifamily project. It’s the first development in the state of Maryland to earn such a certification.
MHN Interview: Company Pledges $750,000 to Support Affordable Housing Development
Enterprise Community Partners recently announced it will offer $750,000 in grant support to fund supportive and senior housing development. MHN talks to Victoria Shire, deputy director, neighborhood initiatives, Enterprise, about this new initiative.
AVR Homebuilders Captures Prestigious Energy Star Award
AVR Homebuilders, a division of AVR Realty Company LLC, was one of two residential developers in the United States to be awarded a 2012 Energy Star Partner of the Year-New Home Builder award by the U.S. Environmental Protection Agency.
MHN Interview: Rose Associates’ Unique Approach to Developing The Sheffield
MHN talks to Jack Levy of Rose Associates, who explains why, unlike with most buildings, The Sheffield’s amenities were developed last.
TODAY'S DEALS: Praedium, Grubb Acquire Charlotte Asset
The Praedium Group and Grubb Properties buy a 456-unit community; IRET acquires two properties in Lincoln, Neb.; and NorthMarq Capital arranges a seven-year, $26.4 million mortgage through Freddie Mac.
Report Reveals Favorable Multifamily Prospects For the Foreseeable Future
A recent report by TD Economics, an affiliate of TD Bank, confirms the generally positive state (for landlords) of the U.S. multifamily housing market.