Northeast
Renters Show 'Tremendous Response' to Phase One at 25 Broad
Real estate investment and development company LCOR announced that Phase One at 25 Broad, comprising 209 of the planned 307 units, is 70 percent leased.
Manhattan Successfully Lures Renters to Luxury Buildings
The Continental, a new luxury building in New York, is already fully leased.
Study Links Troubled NYC Multifamily Housing and Risk of Deterioration of Nearby Buildings
A new study reveals that over-mortgaged and foreclosed multifamily buildings increase the risk of deterioration of nearby buildings and raise costs to New York City private owners.
According to Market Report, Long Island City, N.Y., is Thriving
Last year was a very good year for Long Island City, N.Y., which leveraged the rising rents in Manhattan and Brooklyn to attract many first-time residents.
Related Begins Renovation of N.J. Affordable Housing Property
Related Affordable is undertaking the renovation and preservation of 96 units of affordable housing in New Jersey.
Duplicative Façade Inspection Legislation Vetoed in New Jersey
N.J. governor Chris Christie vetoed controversial legislation that would require additional inspections of high-rise building facades and exteriors in New Jersey.
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.