Northeast
CPC Closes $2.16M Permanent Loan to Refinance 3-Story Rental Building
New York–The Community Preservation Corporation (CPC) recently closed on a $2.16 million permanent loan to refinance a newly constructed three-story rental building in the Parkville section of Brooklyn.
The property, located at 315 Foster Ave. between Seton Place and East 5th St., features nine, 1,005-square-foot two-bedroom units each with two bathrooms, separate dining areas, radiant heat and modern kitchens with granite countertops, hardwood floors and stainless steel appliances. Market rents are affordable to families at 110 percent of Area Median Income.
Somerville Landfill Redevelopment Project Receives BDA Designation from N.J. Department of Environmental Protection
Whitman, one of New Jersey’s leading environmental and engineering management firms, has announced that the Somerville landfill redevelopment project has been designated a Brownfield Development Area (BDA) by the New Jersey Department of Environmental Protection (NJDEP).
TODAY’S DEAL: NorthMarq Capital Arranges $60Million A/B Note Bridge Financing for 446-Unit Rental Community
NorthMarq Capital’s (NorthMarq) Washington, DC office has arranged A/B Note bridge financing of $60 million for the 446-unit Highlands at Dearborn Apartments located in Boston.
Matrix’s Wyngate Townhome Community Closes in on Sell-Out of Phase One Homes
Matrix Residential Properties, the residential division of Matrix Development Group, has announced that Wyngate, a 198-townhome community, has nearly sold out of its Phase One construction homes.
Enterprise Commits $4 Billion to Accelerate Green Affordable Housing Nationwide
Enterprise Community Partners today announced a $4 billion commitment to launch the next generation of its Green Communities initiative. This commitment will accelerate catalytic change in the affordable housing industry and create significant positive impact in the lives of low-income individuals and families across the country.
Enterprise Commits $4 Billion to Accelerate Green Affordable Housing Nationwide
Enterprise Community Partners today announced a $4 billion commitment to launch the next generation of its Green Communities initiative. This commitment will accelerate catalytic change in the affordable housing industry and create significant positive impact in the lives of low-income individuals and families across the country.
TODAY’S DEAL: Northbridge Cos. Acquires 94-Unit Assisted Living Community
The Northbridge Cos. has acquired The Isle at Emerald Court, a 94-unit assisted living community located at 2000 Emerald Court in Tewksbury, Mass. The property was developed and owned by South Bay Partners of Dallas and was previously managed by a large national operator.
New York Building Scientist Details How to Promote Energy Efficiency in Existing Buildings
In an effort to help the industry understand how to maximize the energy efficiency of existing buildings, Landmark West!, the Community Preservation Corporation, the CUNY Institute for Sustainable Cities and Steven Winter Associates Inc. recently hosted an all-day continuing education seminar at Manhattan’s Hunter College.
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