Northeast
DEAL OF THE DAY: HFF arranges $12M Construction Loan through Bank for Wood Partners’ Apartment Project
The Boston office of HFF (Holliday Fenoglio Fowler LP) arranged a $12 million construction loan for Alta at Indian Woods Apartments, a 154-unit, to-be-built multi-housing community in Stoughton, Mass.
Fitch Ratings Sees Multifamily Asset Stabilization Later this Year
Multifamily properties in the U.S. could begin stabilizing in certain markets later this year, according to Fitch Ratings.
New Haven Company Turns 100 This Year
The Wm. M. Hotchkiss Co., based in New Haven, recently celebrated its 100th year in business.
Bob Greer Tapped to Be Vice Chair of NAHB’s Housing Credit Group
Robert Greer, president of Michaels Development Co., has been appointed vice chair of the National Association of Home Builders’ (NAHB) Housing Credit Group. He will assume chairmanship of the group in 2011.
MARKET REPORT: Philadelphia Remains Relatively Healthy Apartment Market
The basic apartment fundamentals in Philadelphia are stronger than most other metro areas in the nation, asserts Joseph Pasquarella, managing director of Integra Realty Resources-Philadelphia, a commercial real estate valuation and consulting firm.
30 Condos Hit the Auction Block in Suburban N.J.
A total of 30 condominium residences located in East Orange, N.J. will be offered at a developer close out auction on April 18th by Sheldon Good & Co.
Walker & Dunlop Achieves Freddie Mac Status in New York Metro Area
Freddie Mac has approved Walker & Dunlop as a Program Plus Seller/Servicer in the New York metropolitan region.
Condo Sales Rise Since Last January: NAR
Sales of existing condominiums and co-ops slid 8.1 percent to an annualized rate of 620,000 in January, according to the National Association of Realtors, down from 675,000 in December.
New Harlem Co-Op Opens Doors to Residents
Resident move ins have begun at Ellington on the Park, a new cooperative building in Harlem. The Ellington features 133 homes, and also includes 3,420 square feet of ground floor retail space, a gym, a courtyard, and a 31-car underground parking garage.
Spanish Firm Wants to Buy Distressed Assets in Manhattan
Espais Promocions Immobiliàries (Espais) plans to continue its expansion internationally by developing new projects in Florida and pursuing the acquisition of several properties in the New York market.