Northeast
DEAL OF THE DAY: NorthMarq Supplies $16.84M Mortgage for Apartment Property
Omaha, Neb.–NorthMarq Capital has arranged first mortgage financing in the amount of $16,840,200 for Tranquility Pointe Apartments.
DEAL OF THE DAY: Chozick Brokers Sale of Condo-Quality Apartments for $1.175M
Hartford, Conn.–Ryan Perkoski of Chozick Realty, Inc. arranged the sale of 51 Imlay Street, a courtyard-style apartment complex.
Fashion-Branded Manhattan Condo Property Reaches 90 Percent-Sold Mark
New York–Condominium buyers have found a unique building at 20 Pine The Collection, the very first fashion-branded luxury residential property in the United States.
FHLB Awards $10M in Funding for New England Affordable Housing Initiatives
Boston–The Federal Home Loan Bank of Boston has unveiled a variety of funding initiatives to promote affordable housing in Connecticut and Rhode Island.
Hoboken Brownstone Donates Riverfront Park to City of Hoboken
Hoboken, N.J.–Hoboken Brownstone Company’s socially conscious endeavors along New Jersey’s Hudson River Gold Coast continue with its recent gifting of the 13.5-acre Maxwell Park in Hoboken.
DEAL OF THE DAY: Walker & Dunlop Closes $26.1M Partial Interest-Only Acquisition Loan
Lakeland, Fla.–Walker & Dunlop provided a $26,100,000 acquisition loan for Victoria Manor Apartments.
MARKET SNAPSHOT: Larger Units in Manhattan Experienced Greatest Rent Growth
New York–The Real Estate Group NY (TREGNY)’s December Manhattan Rental Market Report showed a market more driven by the economy than the season.
Archstone Commences Construction of 349-Unit Apartment Project in Suburban DC
Gaithersburg, Md.–Archstone is not pulling any punches in the construction of the Archstone Olde Towne development in Gaithersburg.
AFL-CIO Puts $90M into LES Multifamily Development
New York–The AFL-CIO Housing Investment Trust has invested $90 million in the Lands End II property on Manhattan’s Lower East Side, which will allow rental units to remain affordable for low- and moderate-income renters.
Advanced Mixed-Use Project Wins New Jersey State Environmental Award
Jersey City, N.J.–Hoboken Brownstone Company has been honored with a Governor’s New Jersey Environmental Excellence Award for its conversion of a seven-acre brownfield site in Jersey City, N.J. into a progressive, energy-efficient mixed-use property.