Northeast
Salmanson Capital Acquires Student Housing Portfolio
Salmanson Capital has acquired a portfolio of off-campus student housing adjacent to Bethlehem’s Lehigh University for $15.23 million.
Affordable Housing Community to be First New Construction of Apartments in Ewing Township in 40 Years
The Gardens at Birmingham, a planned 48-unit affordable housing community in Ewing Township, N.J., was awarded Federal Low Income Housing Tax Credits by the New Jersey Housing & Mortgage Finance Agency.
Danbury Apartment Community on the Market
Brookview Commons, an 80,340-square-foot multifamily community located in downtown Danbury, Conn., is on the block.
KKR and Partners Buy Sunrise Management Business
In the wake of HealthCare REIT’s announced acquisition of Sunrise Senior Living Inc., a partnership led by Kohlberg Kravis Roberts & Co. LP is buying Sunrise’s management company business for about $130 million.
American Realty Capital New York Recovery REIT Acquires Brooklyn Condo
American Realty Capital New York Recovery REIT Inc. recently purchased The 163 Washington Condominiums, consisting of 50 rental units and a 36-space parking facility in Brooklyn, N.Y., for $31.5 million.
Halstead Property Broker and Team First to Create Real Estate iPad App
Julia Boland of The Boland Team at Halstead Property, a New York-based multifamily brokerage firm, has debuted One212, the first iPad app developed by a broker.
Report Advocates More Supportive Housing in NYC
A newly released report, “Building Futures: Creating More Family Supportive Housing in New York City,” details how New York City and the State of New York can bolster their commitments to housing for chronically homeless families.
MARKET SNAPSHOT: Abandoned Projects See New Life as Vacancy in Philadelphia Trends Downward
The City of Brotherly Love has seen a substantial recovery in both jobs and occupancy over the last few quarters, with the second half of 2012 expected to be a climax for this trend.
TF Cornerstone Hosts Event for Residents…and Pets
TF Cornerstone is going to the dogs. And they’re OK with that. The real estate developer recently hosted a fashion event at Hudson Yards, a rental community in Manhattan, for pets and the people who love them.
Millersville University Announces $180M Student Housing Replacement Initiative
In May 2013, work will begin on a $180 million public/private partnership to build eight new residence halls for Millersville University, which will eventually replace the current residence halls.