Northeast
Apartment Property in Hoboken Gets LEED Gold Certification, A First for its Developer
Hoboken, N.J.–Berkshire at the Shipyard, a new 93-unit apartment building in Hoboken, N.J., has just achieved LEED Gold certification from the U.S. Green Building Council.
Multifamily Starts Up From Last Year, But Still Sluggish
Washington, D.C.–Housing starts edged upward unexpectedly in September.
Condos Lead NYC Residential Rebound
New York–New York’s residential sales market, led by condos and cooperative apartments, continued its rebound during the third quarter of 2010.
DEAL OF THE DAY: HFF brokers $70.1M Sale of Washington, D.C. Property to Home Properties
Fairfax, Va.–The Washington, D.C. office of HFF (Holliday Fenoglio Fowler L.P.) closed the sale of The Courts at Fair Oaks, a 364-unit, luxury multi-housing community in Fairfax, Va., known prior to the sale as The Point at Fairfax.
Lenders Still Lending for Apartments, But at Much Lower Volume
Washington, D.C.–The Mortgage Bankers Association reports that aggregate lending for financing apartment properties nationwide shrank about 40 percent in 2009 compared with 2008.
Web Feature: Best Ways to Close Leases
New York–A signed lease is a thing to be treasured. For property managers and owners, it is the fruit of a laborious and long development and marketing process.
$238M Mixed-Use Residential Project Takes a Big Step Forward in Baltimore
Baltimore–A master plan conceived six years ago for a 100-acre site in southwest Baltimore is well on the way to becoming a reality now that ground has broken on the mixed-use residential project.
DEAL OF THE DAY: Arbor Closes $4.56M Fannie Mae 3Max Loan to Rent-Controlled Property
Bronx, N.Y.–Arbor Commercial Funding LLC recently funded a $4,560,000 loan under the Fannie Mae 3Max product line for the 60-unit complex known as 655 East 233rd Street Apartments in Bronx, NY.
Newark Residential Redevelopment Plan Bearing Fruit
Newark, N.J.–Developers in Newark, N.J., are on the verge of completing the first redeveloped residential properties in a larger plan to rehabilitate part of Newark’s West Ward.
Investor Buys New Jersey Apartments for $24M, Plans Redevelopment
New York–Phoenix Realty Group (PRG) has bought 548 distressed rental units for $24.2 million in East Orange, N.J.