Northeast
DEAL OF THE DAY: Mortgage Equicap Supplies $13M in Capital for Condo Conversion in New York City
New York–Mortgage Equicap has arranged a $13 million bridge loan and preferred equity investment.
Tower Cos. Develops ‘Ecopads’ for Green-Conscious Renters
Silver Spring, Md.–Will green features in apartment residences attract renters in a market with a fair amount of choice?
Brooklyn’s Pencil Factory Condo Announces Pre-Completion Pricing
New York–There hasn’t been much development of newbuild condominiums in Greenpoint.
After Loan Default and Foreclosure, The Sheffield is Back with New Sponsors
New York–The Sheffield is undergoing renovations in all its unsold units.
DEAL OF THE DAY: Chozick Realty Brokers Apartments for Record-Setting $79,487/Unit
Bristol, Conn.–Chozick Realty, Inc. has completed the sale of Brookside Apartments in Bristol, Conn.
HUD Puts Grant Money Behind New LEED Standard
Washington, D.C.–The goal of LEED-ND is to help reduce sprawl, decrease automobile dependence, encourage healthy living and protect threatened species.
Sheldon Good & Company to Auction Six New Jersey Apartment Buildings
New York–The assets are being sold as part of the Chapter 11 bankruptcy of select rental complexes.
Robbinsville Town Center Receives N.J. Future Smart Growth Award
Newark, N.J.–Building pedestrian-friendly communities in auto-centric New Jersey can be difficult.
Domino Sugar Refinery to be Redeveloped Into Affordable Housing
New York–The factory closed in 2004.
Recession Hasn’t Slowed Lower Manhattan’s Growth
New York–In 2009, total sales outpaced supply in this neighborhood.