Northeast
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.
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.