Northeast
Manhattan Apartment Prices Stable in Fourth Quarter
Apartment sale prices in Manhattan barely moved during the fourth quarter of 2011, according to the latest report by Brown Harris Stevens, a specialist in New York residential properties.
New Brooklyn Residence 25 Percent Sold
Love Lane Mews, a condominium building in Brooklyn Heights, New York, has received its Final Certificate of Occupancy.
Big Gains for Big Apple Multifamily Sales in 2011
In 2011, sales of New York City multifamily buildings jumped 33 percent above the previous year’s totals, and year-over-year dollar volume grew by 43 percent.
Developer Introduces Two Purchase Programs For Luxury Units
Rent-to-own programs have become popular among developers, and Pinnacle Companies is taking this idea to the next level by introducing two new purchase programs for The M at Englewood South in New Jersey.
Spirit Investment, Bascom Team Up for Shopping Spree
Spirit Investment Partners LLC and The Bascom Group LLC have teamed up to form a joint venture, Spirit Bascom Ventures LLC, for the purpose of acquiring value-add multifamily properties in the eastern region of the country.
Marcus & Millichap Report Predicts Strongest Year Yet for Rental Market
2011 proved to be a good year for multifamily, according to Marcus & Millichap’s 2012 National Apartment Report. And this is predicted to continue for 2012.
Poll Finds that Americans May Still Favor Homeownership
Despite the housing and economic crisis, owning a home is still a part of the American dream, at least according to a national poll of 1,500 likely voters.
830-Acre Purchase Paves Way for $2.5B Smart Growth Community
LNR Property LLC, developer of the SouthField master-planned community outside of Boston in Southfield, Mass., has just wrapped up the acquisition of the final 830 acres required to bring the 1,400-acre, $2.5 billion project to fruition.
Residential Component Likely at Proposed Javits Center Redevelopment
Gov. Andrew Cuomo recently proposed replacing the convention center, opening up its location for redevelopment and the neighborhood of Hell’s Kitchen’s access to the Hudson River.
Judge Says Zell Can Bid on Archstone
Judge James M. Peck of the U.S. bankruptcy court in Manhattan dealt a blow to the effort by Lehman Brothers Holdings Inc. to prevent Barclays and Bank of America from giving Equity Residential Properties an option to buy 26.5 percent of multifamily landlord Archstone.