Northeast
MARKET SNAPSHOT: Shortage of Available Inventory Favoring Landlords, Sending Vacancies to Floor in Boston
Vacancy in Boston continues to pace well below the national average, even beginning to rival lows seen in cities like New York and San Francisco.
New York Financial District Apartment Rents Headed Skyward
The apartment market in New York’s Financial District has heated up to pre-recessionary levels this summer, according to the latest report on the market by Platinum Properties.
Two Bronx Apartment Buildings Up for Grabs
DelShah Capital is putting two affordable housing properties in the Bronx on the market in a move that it says is part of refocusing its business.
Boston Wharf Tower Project Tabs Suffolk Construction
Construction management at the $77 million Boston Wharf Tower project has been awarded to Boston-based Suffolk Construction Company.
New Luxury Community Opens in Cherry Hill, N.J.
The Klein Company, a Philadelphia-based real estate company, has announced the opening of a new luxury apartment community in Cherry Hill, N.J.
Philly Affordable Housing Property Wins Refi
Meridian Capital Group has closed on a $10.5 million loan to refinance Cricket Court Commons, a 228-unit Low-Income Housing Tax Credit apartment community in Philadelphia.
Condominiums to Open in NYC Woolworth Building
Alchemy Properties recently acquired a condominium interest in the top 30 floors of the Landmark Woolworth Building in Lower Manhattan. The company plans to create 40 residential units.
Elmwood Park, N.J., Gets First Luxury Multifamily Community
Riverfront Residential, a New Jersey-based development company, recently announced that construction is complete on the first phase of Riverwalk, the first luxury multifamily community in Elmwood Park, N.J.
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.