Northeast
44-Story Luxury Residential Project Coming to Newark by 2013
The project will break ground next year.
DEAL OF THE DAY: Boston Capital Invests in Affordable Multifamily Development in Somerville, Mass.
Boston Capital invested in Clarendon Hill Towers, a 501-unit multifamily development in Somerville, Mass. Boston Capital provided the tax credit equity for the development and partnered in the rehabilitation with the Clarendon Hill Towers Tenant Association and Connolly & Partners.
NAA Hires Greg Brown as VP of Government Affairs
The National Apartment Association (NAA) has hired Greg Brown as its vice president of government affairs.
JBG Companies Says New Luxury Rental Will be Smoke-Free
The Alaire at Twinbrook Station, a new development by JBG Cos., will be a smoke-free community.
Niles Bolton Associates and Rutgers Break Ground on Student Housing Development
Construction has begun on a $39 million, 501-bed student housing complex on the Busch Campus at Rutgers University.
NMHC Survey Finds Strengthening U.S. Apartment Market
According to the National Multi Housing Council’s latest survey of the U.S. apartment market executives, the sales volume of apartment properties is up
Manhattan Condo Building Re-Launches
A Manhattan condo building, 650 Fifth Avenue, has been relaunched as The Cammeyer
CWCapital Hires Allan Edelson
CWCapital is expanding its national multifamily lending platform through the hiring of Allan Edelson, senior vice president, and the establishment of a new lending office in Chicago.
PNC Financial Services Was Top Loan Originator of MF Debt Financing in 2009
PNC Financial Services Group Inc., Deutsche Bank Berkshire Mortgage and Prudential Multifamily Mortgage
Galante of HUD Addresses New York Housing Conference’s “Brown Bag Luncheon”
A standing-room-only audience of multifamily residential real estate professionals filled a large conference room at the law offices of Nixon Peabody