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News Releases

  • Third Phase of Brooklyn Affordable Development Closes on Financing
    April 5, 2016
    Pennrose Properties, LLC, Duvernay + Brooks, and Blue Sea Development recently closed on construction financing for the third and final phase of the Revision Prospect Plaza development in the Oceanhill-Brownsville section of Brooklyn.

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  • Choice Neighborhoods Housing Redevelopment in Cleveland Breaks Ground
    January 29, 2016
    Pennrose Properties, LLC, Ralph A. Falbo, Inc. and Cuyahoga Metropolitan Housing Authority (CMHA) celebrated the groundbreaking of Cedar Estates in Cleveland, Ohio, at a ceremony attended by local officials.

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  • Adams to Lead New England Office for Pennrose Properties
    January 22, 2016
    Charles L. Adams has joined Pennrose Properties, LLC to establish and lead the company’s northeast region office in Boston, MA, and to oversee and manage development activities in the New England area.

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  • Pennrose Properties, LLC breaks ground on Wynne Senior Residences in Overbrook
    December 16, 2015
    Pennrose Properties, LLC and Wynnefield Overbrook Revitalization Corporation (WORC) officially celebrated and recognized the start of construction of Wynne Senior Residences today at a groundbreaking ceremony.

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  • Pennrose Accepts Two AHF Readers’ Choice Awards
    December 2, 2015
    Representatives from Pennrose Properties, LLC accepted two AHF Readers’ Choice Awards for two of the company’s recent developments at Affordable Housing Finance’s AHF Live event in Chicago. Woodrow Wilson Commons in Long Branch, NJ, developed in partnership with Maestro Community Development Corp., was named Overall Winner. Rush Crossing in Trenton, NJ, developed with the Trenton Housing Authority, was honored as the Public Housing Redevelopment winner.

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  • PMC Named NJAA Property Management Company of the Year
    October 30, 2015
    Pennrose receives NJAA recognition for third time.

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