Northeast

"These 26 new homes will help ensure working families can continue to plant roots in Philly neighborhoods experiencing price appreciation," says City Council president Darrell L. Clarke, who has long championed increasing the City's affordable housing stock.

Colliers International experts say what's next for the highway that services the largest population concentration in the country.

"Pad sites continue to experience a strong investor demand because of their location, access, visibility, and customer base,” says Marcus & Millichap's Mark Krantz.

The Reading multifamily loans are backed by a local sponsor and management company, whose real estate portfolio consists of 2,000 multifamily units in 15 multifamily properties.

Campbell has become CEO and Daniel Bildner, formerly Carlton's general counsel was appointed COO, following the death of founder Howard L. Michaels.

The firm reports it has purchased 1049 Washington Ave. in the South Bronx that will be redeveloped into a 104-unit “Hello W” condominium building.

The financing deal was announced by Square Mile Capital Management LLC, which originated the loan for Goldman Sachs Urban Investment Group and BRP Companies.

The acquisition includes three multifamily properties in the Houston metro area totaling 1,392 units; two properties in Tampa, FL totaling 1,231 units and a 253-unit property in Salt Lake City, UT.