Northeast
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.
Robust New Jersey Development Buoying Optimism
An unprecedented number of new multifamily units now or soon to be underway in northern New Jersey has market observers keenly focused on the development pipeline.
Washington Heights Property Receives $21.5 Million for Rehabilitation
A Washington Heights affordable housing building will receive $21.5 million in financing to fund extensive rehabilitation on the property.
Brooklyn Heights Condo Project Reports Brisk Sales
The appetite for condos seems to be back in certain markets, such as parts of New York, if buyers’ enthusiasm for buying them is any indication.