Northeast
Real Estate Transaction Flow to Increase, Advisory Group Predicts
The velocity of real estate transactions should improve this year, with property pricing to stabilize as liquidity returns to the marketplace, with REITs playing a leading role in the revival, according to FTI Schonbraun McCann Group, the real estate advisory practice of FTI Consulting, Inc.
Survey Finds Builders Still Doubtful about Economy’s Strength
A survey of builders and developers located in the Tri-State and Mid-Atlantic regions, as well as Pennsylvania and Florida, found that a majority is still not seeing an improvement in economic conditions.
DEAL OF THE DAY: NorthMarq Capital Arranges $3.610M Mortgage with No Prepayment Penalty Via Federal Credit Union
Cortland, N.Y.–Scott DeVinney, vice president of NorthMarq Capital’s Upstate New York regional office arranged a $3.610 million in first mortgage financing for Village Terrace Apartments, a 96-unit multifamily property located in Cortland, N.Y.
Exhale Opens First Residential Mind Body Spa in Landmarked Condo Project Manhattan House
Exhale, a mind body spa has opened its first residential location in New York at Manhattan House, the landmarked condominium on the Upper East Side.
Flipping Foreclosed Homes Big Trend for 2010
Pete Berman is the CEO of The Ruby Group. He talks to MHN about trends developers and owners should watch out for in 2010.
Philadelphia Office Skyscraper is Now Luxury Condo
Aria, a condominium project on 1425 Locust St. in Philadelphia, was the city’s first high-rise office tower, formerly known as the Lewis Tower Building. I
Darren M. Wolberg Joins KeyBank Capital Markets as Head of Mortgage Trading
Darren M. Wolberg has joined KeyBanc Capital Markets Inc. as head of mortgage trading, based in New York City.
For Rent Media Solutions Promotes Wendy Froehlich to AVP of Marketing
For Rent Media Solutions a division of Dominion Enterprises, recently promoted Wendy Froehlich to assistant vice president of marketing.
NY Condo Buyers Seeking an Out Lose ILSA Case
In a case of first impression in New York–that is, a matter of law that the New York courts haven’t considered before–Judge Denise Cote of the Southern District of New York has ruled against the plaintiffs, two condo buyers, in a lawsuit involving the Interstate Land Sales Full Disclosure Act (ILSA).
Fairfax County, Va. Honors Home Properties for Commitment to ‘Green’ Construction
The Fairfax County Department of Public Works and Environmental Services has presented a Land Conservation Award to the newly constructed apartment community, The Courts at Huntington Station in Alexandria, Va., owned by Home Properties, Inc.