Northeast
Condo Tower to Quit Burning Dirty No. 6 Oil
In January of this year, the New York City Department of Environmental Protection issued a rule that will phase out both No. 4 and No. 6 heating oils in the city.
B.E.S.T. Offers Better Student Housing Idea for Rutgers
Rutgers, The State University of New Jersey, unveiled the first new student residence hall to open on its campus since 1994.
Palmer Hill Begins Work on New Condos
Palmer Hill Parters has started Phase III, or the East Building, of Palmer Hill in Stamford. The East Building property will offer 27 garden condominiums in five different floor plans, with closings anticipated to take place in spring 2012.
B’nai B’rith Housing Wins 2011 MetLife Foundation Award for Excellence in Affordable Housing
B’nai B’rith Housing New England received a MetLife Foundation Award for Excellence in Affordable Housing for its work with the Covenant House in Brighton, Mass.
AvalonBay Begins Work on Back Bay Apartments
AvalonBay Communities has broken ground on Avalon Exeter in Boston’s Back Bay neighborhood, with 52 units slated to be affordable housing.
Luxury Condominium Boasts ‘You’ll Never Lose Your View’
The View, a 19-story luxury building with nine penthouse duplexes on the 18th and 19th floors, offers ‘protected’ views.
The Story House Luxury Condos Hopes Residents Live Happily Ever After
Bibliophiles rejoice: The former Frederick Warne and Company building, a British book publishing house that produced The Tale of Peter Rabbit, has been renovated into The Story House, which features luxury condominiums.
Metro at Woodbridge to Add 24 Upscale Apartment Units to Thirsty Northern New Jersey Market
Sterling Properties will soon deliver a new luxury rental option in Woodbridge, N.J., as construction of Metro at Woodbridge nears completion. The property will offer 24 upscale residences, the likes of which are hard to come by in the area.
TODAY’S DEALS: IPA Sells 298-Unit Community
Institutional Property Advisors arranges the sale of a 298-unit community for $23.2 million; The Largo Group of Companies arranges refinancing for a community in Farmington, N.Y.; and Houlihan-Parnes arranges the sale of five Bronx apartment buildings.
Regency Club Apartments Sale Closes
In a $44 million deal announced recently, Regency Club Apartments in Jackson, N.J. sold to Gaia Real Estate Investments, LLC, and partners Phoenix Realty Group and Harel Insurance.