POHATCONG, N.J. — Larken Associates has begun pre-leasing Monte View at Pohatcong, a 120-unit garden-style community located at 1001 Monte View Drive in Pohatcong, less than a mile from the New Jersey-Pennsylvania border. The community consists of four buildings. One building includes a clubhouse on the ground level, which features a lounge, game room, coworking space and a kitchen. Additional amenities include a fitness center, pool with a tanning ledge, outdoor seating area with outdoor grills, children’s playground, dog park and pet spa. Monte View at Pohatcong is scheduled to …
NEW YORK CITY — TF Cornerstone has begun leasing Malt Drive, a 1,386-unit high-rise community in the Long Island City neighborhood of Queens. The development consists of two buildings. The South building at 2-20 Malt Drive rises 33 stories and comprises 575 units. The adjacent North building houses 811 apartments across two towers at 2-21 Malt Drive. Apartments come in studio, one- and two-bedroom layouts. Thirty percent of units will be set aside as affordable housing and will be leased at 130 percent of the area median income. Amenities include …
EAST HANOVER, N.J. — Locally based developer KRE Group has begun leasing Valley View Park, a 239-unit community in East Hanover, approximately 30 miles west of Manhattan. The property was named after a golf course that occupied the site from 1937 to 1973. The project team broke ground on the community in April 2023. The property consists of five four-story buildings, which house one- and two-bedroom units. Of the total unit count, 34 residences are subject to income restrictions. Amenities include a pool, fitness center, indoor and outdoor children’s play …
WINTER PARK, FLA. — Hillpointe LLC, a developer based in Winter Park, has hired Jessica Ray to the position of vice president of marketing. In her new role, Ray will lead the company’s marketing efforts to enhance brand awareness, drive customer engagement and drive measurable results. Before joining Hillpointe, Ray served as senior director of marketing and communications at Full Sail University. She received a bachelor of science in organizational communications and a master of science in integrated marketing communications from West Virginia University.
RICHMOND, VA. — Capital Square has hired Jessica Correnti to the role of senior vice president of national accounts. In this position, she will oversee the firm’s existing relationships with broker-dealers and registered investment advisors and lead Capital Square’s pursuit of new relationships. Correnti previously served as director of national accounts for Peachtree Group and a senior vice president with Waypoint Real Estate Investments. She began her career with Morgan Stanley as a financial advisor in 2013 before transitioning into investment product distribution as a senior internal sales associate with …
Huntsville is a land of opportunity for new projects. The “Rocket City” is the most aggressive market in the nation for apartment development, according to data from RealPage. The city claimed that title in 2022 and has maintained it ever since. Developers completed roughly 5,900 units in the first quarter of 2024, according to RealPage. This expanded supply by 15.9 percent. Another 9,895 units are currently under construction, with 6,900 of those apartments slated to deliver by the end of the first quarter of 2025. RealPage estimates the city will …
SAN RAFAEL, CALIF. — EAH Housing, a development and management organization based in San Rafael, has appointed Jennifer Wu to its executive leadership team as chief financial officer. In this position, Wu will drive EAH Housing’s financial sustainability and oversee the company’s efforts to create more affordable housing. Prior to joining EAH Housing, Wu served as vice president and controller for MidPen Housing. Previously, she led corporate finance and international-based accounting teams at Meta (NASDAQ: META) and Digital Realty Trust (NYSE: DLR). She received a degree in economics and business …
CHICAGO — Peak Properties has been awarded management of The Ludlow, a 131-unit property located in Chicago’s Lincoln Park neighborhood. Located at 2032 N Clybourn, the community is the adaptive reuse of the former Ludlow Typograph Company Building, which was originally built in 1913 and became defunct in 1974, according to the City of Chicago. The Ludlow consists of five buildings. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a rooftop lounge, fitness center with infrared sauna and yoga studios, demonstration kitchen, media room, co-working lounge, …
The Nevada multifamily market, which is primarily made up of Reno and Las Vegas, faced significant challenges in 2023, particularly due to rising interest rates and a slowdown in sales volume. Rents declined by approximately 8 percent since their peak in the fourth quarter of 2021. Despite these setbacks, investors remain attracted to multifamily properties in Nevada, buoyed by the state’s favorable economic indicators and potential for long-term returns. However, supply constraints and rising construction costs pose ongoing challenges that could impact future market growth. Nonetheless, the Nevada multifamily market …
MONTCLAIR, N.J. — A partnership between The Hampshire Cos. and The Pinnacle Cos. has opened The Clair, a 40-unit community located at 37 Orange Road in the New York City suburb of Montclair, which is 20 miles northwest of lower Manhattan. The asset is located adjacent to the 159-room MC Hotel, which The Hampshire Cos. and The Pinnacle Cos. completed in 2019. The Clair offers studio, one- and two-bedroom apartments. Amenities include valet parking, package service, community Wi-Fi, EV charging stations, a clubhouse and business center, courtyard with grills, roof …
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