Northeast
NHC Urges Congress to Ensure Stable Supply of MF Housing
Washington, D.C.–The National Housing Conference (NHC) has issued a policy statement underscoring the importance of the nation’s multifamily housing finance system.
Manhattan Residential Market Stabilizing?
New York–Two reports on the Manhattan residential market covering the third quarter of 2010 were released recently, with both calculating their numbers in slightly different ways but nevertheless pointing to the same trend.
USGBC Announces New Sustainability Award in Honor of Chicago Mayor Daley
Washington, D.C.–The U.S. Green Building Council (USGBC) has just revealed the establishment of a new award that will honor those who have served as beacons in the movement to develop environmentally friendly cities.
Packing in Amenities for Multi-Generational Demographic
New York–Apartment renters of all ages desire, more or less, the same amenities.
DEAL OF THE DAY: Arbor Closes $3,150,000 Acquisition Loan
Bridgeport, Conn.–Arbor Commercial Funding LLC recently funded a $3,150,000 loan under the Fannie Mae DUS product line for the 66-unit complex known as Northbrook Apartments.
DEALS OF THE DAY: Investors Savings Bank Provides Construction Financings in New Jersey, New York, Pennsylvania Tri-State Area
Short Hills, N.J.–Here is one bank that is active providing not only acquisition, but also construction, financing in the tri-state area of New Jersey, New York and Pennsylvania. Investors Savings Bank’s Commercial Real Estate group says it recently completed financing for seven transactions.
INVESTMENT: Transwestern Named Exclusive Sales Agent for 1,107-Unit Multifamily Portfolio
Bethesda, Md.–Transwestern’s Bethesda, Md.-based multifamily group has been named by United Investors Management Corp. as exclusive agent for the sale of a 1,107-unit multifamily portfolio located in Prince George’s County, Md.
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.