Northeast
Summer Proves an Unusually Busy Season for New 565-Unit Brooklyn Condo Project
New York, N.Y.–Closings have gotten underway at The Edge.
REIT Execs Did Well During ’09, Notes SMG Survey
New York–In an indication that the REIT industry is faring somewhat better than real estate as a whole, total compensation levels within the REIT realm, including multifamily specialists, increased in 2009 by a median of 3 percent to 15 percent, depending on employee level.
Residential REIT Pursues Sustainable Initiatives for Portfolio
Rochester, N.Y.–Home Properties, a REIT that specializes in apartment properties in the northeastern U.S. and the mid-Atlantic, has unveiled portfolio-wide initiatives to improve the energy efficiency of its properties.
Upscale Condo Project in Yonkers Expected to be Boon to Local Economy
Yonkers, N.Y.–The initial phase of Monarch will yield 162 residences, the first of which will debut in 2011.
Del Sano Breaks Ground on Two MF Projects in Less Than a Week
Del-Sano Contracting Corp. has started construction on two major projects in the past week: Kershaw Commons, located in Freehold, N.J., and The Village at St. Peter’s located in Pleasantville, N.J.
New Marketing Team Turns Leasing Around at East Harlem’s 1,230-Unit Riverton Square
New York, N.Y.–Developed in 1944, Riverton Square encompasses 12 buildings stretching from Fifth Avenue to the Harlem River.
The Making of Multifamily LEED Silver in New Jersey
MHN talks to Edward Walters Jr., founder and partner at the Walters Group, about the property and his firm’s further plans for building another multifamily property that will be entirely solar powered.
Spanish-Speaking Apartment Renters Get Mobile Apartment Search Solutions
Norfolk, Va.–For Rent Media Solutions has launched the ParaRentar.com mobile site. ParaRentar.com is a fully-translated Spanish apartment search site. “The ParaRentar.com mobile site caters directly to the Spanish-speaking Hispanic audience,” says Terry Slattery, president of For Rent Media Solutions. “This is the first and only mobile website created with the Hispanic renter in mind. As of June 2010, the ForRent.com mobile site has generated 11 percent of traffic to ForRent.com. We hope to enjoy that same success with ParaRentar.com and the new mobile site.” According to research conducted during a Spring 2010 Pew Internet study, 87 percent of Hispanics own a cell…
Mortgage Applications Edge Up, Driven by Refi: MBA
Washington, D.C.–For the week ending Aug. 6, 2010, the Mortgage Bankers Association’s Weekly Applications Survey says that mortgage loan application volume increased for the week, but barely.
Bottom Well Within Reach for Seniors Housing Market
Annapolis, Md.–The seniors housing market managed to keep its head just above water during the economic crisis, but it did not completely escape the accompanying ramifications.