Archive for January 2010
HDC, UNHP Celebrate Renovation of Rose Hill Apartments
NYC Development Corporation (HDC) and University Neighborhood Housing Program Inc. (UNHP) recently celebrated the grand opening of Rose Hill Apartments, a 119-unit building originally constructed in 1984 to serve low-income elderly residents.
Read MoreMixed-Use Community Achieves First LEED ND Certification
Excelsior & Grand, a 17-acre, mixed-use community in St. Louis Park, Minn., has received the nation’s first LEED (Leadership in Energy and Environmental Design) for Neighborhood Development certification for a “Stage 3, Completed Project” under its Pilot Program.
Read MoreWhite Plains’ Energy-Efficient Property Celebrates Opening
Community Housing Innovations (CHI) recently hosted a ribbon-cutting ceremony for Minerva Place Condominiums, a 14-unit workforce housing community and reportedly the city’s most energy-efficient residences.
Read MoreNew Team Picks Up the Sales Pace at Florida Condominium
Ocean’s Edge has experienced a rapid sales pace since it partnered with a new management and sales team three months ago. The new owners of the community, Condo Capital Solutions LLC, took over ownership in September and partnered with Pace Builder Services to handle sales. At press time, the community had signed purchase and sale agreements for 17 new homes in 14 weeks.
Read MoreConstruction Resumes at Brooklyn Condominium
Construction has resumed at Be@Schermerhorn, Jamestown Properties and SDS Procida’s 246-unit condominium. Sales are expected to re-launch in spring 2010.
Read MoreHUD Secy. Donovan Addresses NYHC, NHC’s 36th Annual New York Housing Awards Luncheon
Shaun Donovan, secretary of The Department of Housing and Urban Development (HUD), was the keynote speaker at the New York Housing Conference (NYHC) and the National Housing Conference (NHC) Annual Awards Luncheon.
Read MoreApartment Finder Launches iPhone App
Apartment Finder has launched a new application that provides iPhone and iPod Touch users access to all its listings. Prospective residents can now use their cell phones to map apartment listings nearby or email or call properties directly for more information.
Read MoreCBRE to Sell Chicago’s Largest Master-Planned Community
CB Richard Ellis has been retained to sell Grande Reserve, Yorkville. With a total of 1,877 residential units situated on 771 acres, this is the largest master-planned residential community in the Chicago area to come to market.
Read MoreAries Capital Launches Multifamily Division
Aries Capital recently announced the formation of Aries Multifamily, a new operating division of the firm that will provide loans under $5 million for apartment properties across the nation. The new division will be led by Ryan Welsh, a commercial real estate executive with more than 10 years of experience incorporating commercial and multifamily underwriting, loan origination, portfolio management and loan sales.
Read MoreNew Associations Formed for Student Housing, Research Specialists
Jack Kern, managing director at Washington, D.C.-based Kern Investment Research LLC, and Dr. Sam Chandan, president and chief economist of Real Estate Econometrics, recently announced the launch of The National Student Housing Council (NSHC) to focus exclusively on the student housing sector. John Buttarazzi, owner of Varsity Capital Advisors, is the organization’s founding advisory board president.
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