Northeast
141 Affordable Apartment Units to be Renovated in Connecticut
Related Affordable, a division of Related Companies, has announced that it will provide $3.7 million in renovations and upgrades for 141 affordable units in the River Run Apartments community.
Solomon Purchases Two Rental Properties with Much in Common
Solomon Organization recently purchased two luxury rental communities, one in Lancaster, Pa., and the other in Pleasant Valley, N.Y., and will immediately begin to upgrade the communities’ apartments, landscaping and common areas.
Upper West Side Condo Project Picked for Boys & Girls Club Show House
The Aldyn, a newly completed 40-story condo property located at 60 Riverside Blvd. on Manhattan’s Upper West Side, has been selected by the Kips Bay Boys & Girls Club as this year’s location for its Decorator Show House.
Manhattan Multifamily Sales Jump in First Quarter
According to a report by Ariel Property Advisors, New York multifamily sales increased 34 percent in the first quarter of 2012.
Study Finds Boomers Unhappy with Traditional Retirement Communities
A recent study reveals that “traditional” retirement communities might become a thing of the past for boomers, unless some important changes are made.
LGBT Affordable Seniors Housing is First for Philadelphia
In a landmark decision for Philadelphia, the Pennsylvania Housing Finance Agency voted to provide a reservation of Low Income Housing Tax Credits, which will generate up to $11 million for the first LGBT-friendly affordable senior housing facility in the state.
Monmouth County Apartment Development Under Way
Sterling Properties and AST Development Corp. have broken ground on Verdana Howell, a 220-unit apartment building in Howell, a town in Monmouth County in central New Jersey.
Interest Shown in New Staten Island Luxury Building
A new luxury building, called The Pointe, on the North Shore of Staten Island, N.Y., has already attracted a lot of attention among buyers.
Manhattan Multifamily Sees Price Increases
According to Brown Harris Stevens’ first quarter 2012 Manhattan Residential Market Report, the average Manhattan apartment sale price was about $1.483 million, up 9 percent from the same period in 2011.
How to Minimize Property Damage in the Event of a Wildfire
As summer approaches and the temperatures go up, it is important for multifamily owners and property managers to protect their buildings from wildfires.