Regions Northeast
Freddie Mac Program Paves Way for $38M Refi of New Jersey Apartment Property
Aug 15, 2008

A refinancing deal valued at $38.7 million has closed for Hunters Chase Apartments, a 360-unit multifamily community in Evesham, N.J.  Acting on behalf of Hunters Chase Associates L.L.C., Capmark Finance Inc. originated the permanent fixed-rate debt, which came in the form of an 80 percent LTV loan with a seven-year term and a 30-year amortization through its Freddie Mac program. Developed in 1988, Hunters Chase sits about an hour-and-a-half from New York City. The apartment complex, presently 88 occupied, consists of garden-style structures, and features a 3,500-square-foot community center.

 
Recent Northeast Headlines
Developers Move Ahead with Plans for 60-Story NYC Tower
Nov. 21, 2008
Banking that the healthcare industry will stay healthy despite the tough economic times, developers are moving ahead with plans to build the World Product Centre, a 60-story tower on Manhattan’s West Side that would showcase medical diagnostic and device companies and serve as an international educational center.
Proposed $1B Philadelphia Skyscraper Gets Zoning Approvals, Awaits City OK
Nov. 21, 2008
The American Commerce Center, a $1 billion, mixed-use skyscraper proposed for 1800 Arch St., in Philadelphia’s Center City, moved another step closer to reality this week when the city’s planning commission unanimously approved zoning changes for the 1.5-acre site.
pier 57 NYC's Pier 57 Attracts Trio of Renovation Proposals
Nov. 21, 2008
At the edge of Manhattan’s Meat Packing District in Chelsea, Pier 57 abuts an area that has seen a burst of activity over the last decade. Located at the end of West 15th St. and encompassing some 375,000 square feet of waterfront space plus rooftop area, the pier is now the focus for three bids for renovation.
CBRE Promotes 4 to SVP
Nov. 18, 2008
CB Richard Ellis has promoted Sacha Zarba, Doug Lehman, Andrew Sussman and Bill Mooney to senior vice president.  They were previously first vice presidents.
Redevelopment Authority Approves 4 Boston Projects
Nov. 18, 2008
Boston Mayor Thomas Menino announced that four projects totaling more than $75 million in private investment have received approvals from the Boston redevelopment authority’s board of directors.