Northeast
MARKET SNAPSHOT: Providence, R.I. Apartments Stabilize, Increase Rents
Providence, R.I.–Despite its 11.5 percent unemployment rate (as of June 2010, according to the U.S. Bureau of Labor Statistics), Providence, R.I.’s apartment market is relatively stable.
Property Tours: The Cammeyer
John B. Gomes, senior vice president of CORE, takes MHN on a tour of The Cammeyer, a 67-unit condo building in New York’s Chelsea Neighborhood.
DEAL OF THE DAY: CBRE Brokers FDIC’s $24.8M Sale of Former Condos to Tax Credit Housing Developer
CB Richard Ellis Group arranged the sale of the Argent, a 96-unit 91,483 square foot mid-rise apartment complex located at 1200 Blair Mill Road in Silver Spring, Md.
LG Hausys Helps Syracuse University’s Project Go Green
Syracuse, N.Y.–LG Hausys Surfaces has made its green mark on Ernie Davis Hall, Syracuse University’s new mixed-use student housing development.
New Jersey Townhouse Development Sees Sales Uptick
Edgewater, N.J.–A townhouse development in Edgewater, N.J. reports that three of its townhouses have sold in the last four months.
NFHA Teams Up on Housing Discrimination Lawsuit Against SC Bodner and MBA Construction
Washington, D.C.–It is alleged that defendants violated the Fair Housing Act by neglecting to make apartments with accessible features available.
Jersey City Condo Development Bucks Sluggish Sales Trend by Selling
Jersey City, N.J.–Summer has traditionally been a slow sales season for condos
Apartment Industry on the Mend: NMHC Survey
Washington, D.C.–The National Multi Housing Council’s latest quarterly survey of market conditions sounds some optimistic notes for the apartment business.
Integra Survey: Multifamily Valuations Have Stabilized; Will Go Up
New York–Commercial real estate has been looking for that elusive turnaround ever since the Panic of 2008.
Pending Home Sales Begin Anticipated Decline
Washington, D.C.–The National Association of Realtors (NAR) had predicted months ago that the surge in home sales in the U.S. would not make it through the summer, and so it has not.