Northeast
Mary Alex Blanton Receives NCB’s 2010 Spirit of Cooperation Award
Washington, D.C.–NCB has named Mary Alex Blanton as the 2010 recipient of NCB Spirit of Cooperation Award. The honor was presented to Mary Alex at the Bank’s annual meeting held at The Ronald Reagan Building and International Trade Center in Washington, D.C. “Blanton’s contributions to the bank and the cooperative community for over a decade are countless,” says Charles Snyder, president and CEO of National Cooperative Bank. “She has played an instrumental role in the development and marketing of numerous new products, most recently the National Credit Union Foundation deposit program and Mission Deposits, which provide beneficial banking options for…
The Bozzuto Group Opens Doors to New Pennsylvania Apartment Development
Wyomissing Square is a new, mixed-use development.
First Large Scale Residential Installation of Fuel Cell in the World Takes Place in New Haven
The fuel cell will provide combustion-free power to the 500 residential units.
National Housing Trust and Enterprise Announce New Green Preservation Loan Product
A new lending program from Enterprise and the National Housing Trust Community Development Fund has been launched, which will provide nonprofit owners and developers capital to jump-start green retrofits of affordable rental communities.
Jersey City Condo Conversion of 150-Year-Old Factory Wins Preservation Award
The Jersey City Landmarks Conservancy has selected the Residences at Dixon Mills, a condo conversion in downtown Jersey City, to receive its 2010 Excellence in Preservation award.
Occupancies Down For Seniors Housing, But Not For Long
Occupancy rates for seniors housing fell in the first quarter of 2010, while rent growth continued during the same period, albeit at a slower pace than in the previous two years.
Jersey City’s Trump Plaza Residences Reaches 55 percent Sales Level
Trump Plaza Residences Jersey City has reached the 55 percent sales level, with 16 residences sold in March and April.
DEAL OF THE DAY: CBRE Arranges Sale of 634-Unit Community in Md.
CB Richard Ellis recently arranged the sale of Sherwood Crossing, a 634-unit rental apartment community at 6731 Old Waterloo Road, in Elkridge, MD, 30 minutes from Washington, D.C. and 15 minutes from Baltimore.
DEAL OF THE DAY: Arbor Closes $1,878,700 Fannie Mae DUS Small Loan
Arbor Commercial Funding LLC announced the recent funding of a $1,878,700 loan under the Fannie Mae DUS Small Loan product line for the 16-unit complex known as 1322 Commonwealth Avenue in Boston.
Tenant Credit Risk For Multifamily Landlords Stabilizes in 1Q10
First Advantage SafeRent Inc., a screening and risk management specialist for the multifamily housing industry, has released its Multifamily Applicant Risk (MAR) Index for first quarter 2010