Northeast
MHN Interview: Madison Apartment Group’s Strategy to Appeal to Gen Y Renters
Madison Apartment Group LP, the multifamily area of BPG Properties Ltd., recently rebranded their website to appeal to Gen Y renters.
Balfour Beatty Communities Awarded DOE Grant for Residential Energy Savings Program
Balfour Beatty Communities LLC has been selected for a Smart Grid Data Access Award from the Department of Energy through its property management division, Balfour Beatty Military Housing Management LLC.
TODAY’S DEALS: IPA Arranges $21.7M Connecticut Sale
IPA arranges a 188-unit sale; and Beech Street Capital closes a $25 million Fannie Mae loan for a Philadelphia community.
New York-Based Residential Real Estate Franchise Operation Heads into New Markets
Rapid Realty NYC is currently scouting out locations for new franchises in Boston, Philadelphia, Atlanta and Tampa, Fl., as well as other markets across the country.
MHN Interview: TreeTop Development’s Revitalization Success Story
Adam Mermelstein, managing member of TreeTop Development, recently spoke to MHN about a revitalization project, and why this is important for both the residents and TreeTop’s bottom line.
MARKET SNAPSHOT: Vacancies and Rents at Extremes in Manhattan; New Development Slowly Materializes
Overall vacancy in Manhattan remained at an incredibly low rate–just over 1 percent–in the first quarter of 2012.
Study Shows Multifamily Industry Contributes $5.7 Billion to N.J.
In a new study, the New Jersey Apartment Association and the Edward J. Bloustein School of Planning and Public Policy at Rutgers revealed that the economic contribution of the multifamily industry is a significant component of the New Jersey economy.
Ironstate and KRE Team Up to Bring 422 Luxury Rentals to Jersey City
Ironstate Development Company and Kushner Real Estate Group have begun construction on a new multi-faceted project comprising a 422-unit luxury rental building and a new state-of-the-art facility for The Boys & Girls Clubs of Hudson County, in Jersey City.
TODAY’S DEALS: Ariel Property Advisors Sells Nine-Building Multifamily Portfolio For $33.25M
Ariel Property advisors sells a nine-building multifamily portfolio for $33.25 million; and NorthMarq Capital arranges $27.7 million through a life insurance company.
Purchase of 71 Laight St. to Result in Luxury Condo Development
With the purchase of the landmarked 71 Laight St. by real estate firm Taconic Investment Partners and certain funds managed by Oaktree Capital Management, plans are underway to incorporate the existing building into a newly built luxury, loft-style condominium to open in 2014.