Northeast
Busy Summer Leaves Long Island Oceanfront Condo Property Nearly 60 Percent Sold
Long Beach, N.Y.–The summer proved to be a fruitful period at Aqua, an upscale 36-unit condominium property along the ocean in Long Beach, N.Y., about 25 miles southeast of Manhattan.
Green Apartment Building Springs to Life, Eradicating Crime Hot Spot in Washington, D.C.
Washington, D.C.–Wheeler Terrace, a neglected 161-unit apartment building that had become a magnet for criminal activity in Washington, D.C., has undergone a renaissance.
United Group Wins $20M Financing for Seniors Properties
Albany, N.Y.–The United Group of Cos. has obtained senior loan financing totaling $20.2 million for two independent living seniors housing properties, the Lodge at Bridgemill in Canton, Ga., and Colonial Square, in Utica, N.Y.
Ground Breaks on Gleneagles II Apartments in Master Planned Southern Maryland Community
Charles County, Md.–Saint Charles, a 9,100-acre master planned community that American Community Properties Trust (ACPT) is developing in Charles County in Southern Maryland, continues to fill out.
DEAL OF THE DAY: Kislak Brokers Sale of Bank-Owned Property for $460,000 in Market Seeing Increased Demand for Smaller Properties
Hillside, N.J.–The Kislak Company Inc. announced the sale of a bank-owned mixed-use retail and multifamily property in Hillside, N.J. for $460,000. Vice President Jeffrey Squires represented both parties in the transaction.
Land Purchase and Financing Kickstart $47M Suburban Denver Apartment Project
Littleton, Colo.–In a Denver suburb named Littleton, where the limited amount of land for apartment projects is highly coveted, Wood Partners L.L.C. has taken two major steps forward in the development of the 280-unit Alta Aspen Grove.
St. Andrews Apartments in Stamford Poised to Begin
Stamford, Conn.–RiverOak Investment Corp., a private investor, and RMS Construction have formed a joint venture to begin work on the St. Andrews Apartments in downtown Stamford.
Azure Latest Example of Fairly Brisk Manhattan Luxury Condo Sales
New York–Numerous new luxury condominium properties in Manhattan are experiencing relatively healthy sales activity, and Azure is among the latest to commence the closing of its first group of contracts.
Property Tours: Cancolofts
Deborah Cleary, sales manager at Cancolofts in Jersey City, N.J. takes MHN on a tour of the property.
NYC Doormen Receive Concierge Training at the Waldorf
New York–What does it take to be a better New York City doorman?