Northeast
Two NYC Apartment Properties Win HUD Financing
Greystone Funding Corp., a multifamily and commercial property mortgage specialist, has originated $72.7 million in financing for two multifamily housing projects in New York City. HUD provided the financing for the properties.
Riverfront Residential’s Luxury Community 25 Percent Leased After Two Weeks
Riverwalk, a multifamily community in Elmwood Park, N.J., is already 25 percent leased after only being open for two weeks.
Phase II of Winner’s Circle at Saratoga Complete Thanks to $13M Freddie Mac Loan
The Community Preservation Corporation has closed on a $13 million Freddie Mac construction loan to refinance the recently completed Phase II of the Winner’s Circle at Saratoga apartment complex.
LEED-Certified Affordable Community Breaks Ground in N.J.
Construction has commenced on Laurel Oaks, an income-restricted 94-unit apartment community from Barnegat, N.J.-based residential real estate developer Walters Homes.
Waterbury Mixed-Use Property Trades Hands
VBF LLC, a regional owner of multifamily and commercial property, has purchased a mixed-use property at 380 West Main St. in Waterbury, Conn., for $1.48 million.
Omni Housing Development Revitalizes Sustainable Affordable Community
Omni Housing Development has nearly completed Phase 1 of the redevelopment on an affordable housing community in Rome, N.Y., called Liberty Gardens. In addition, the community is designed to be sustainable.
Ground Broken For Suburban Boston Apartments
Work has started on the Alta Legacy Farms, a 240-unit apartment development in Middlesex County, Mass., west of Boston.
Glassy Condos Rising in Weehawken, N.J.
Ground has been broken for a new 74-unit condominium building on Weehawken’s Hudson River waterfront.
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.