Marcus & Millichap Real Estate Investment Services sold The New Amsterdam, a 75,375-square foot multifamily and retail asset in Washington, D.C. The sales price of $11,750,000 represents $156 per square foot, or $130,556 per unit.
Marcus & Millichap Real Estate Investment Services sold The New Amsterdam, a 75,375-square foot multifamily and retail asset in Washington, D.C. The sales price of $11,750,000 represents $156 per square foot, or $130,556 per unit.
There is never a second chance to make a first impression. In the case of a multifamily community, it is the exterior of a community that makes the first impression.
The number of enforcement actions has increased each year since 2005, with eight such actions filed in 2009.
Doomsday predictions in the U.S. commercial real estate market are becoming more prevalent on a daily basis and the potential for commercial mortgage defaults is said to reach $1 trillion by 2012.
With so many moving parts, adaptive reuse projects frequently take longer to get off the ground and they involve unforeseen challenges—but the results can be more interesting than those found in new construction. “We [also] think that redeveloping historic buildings is an inherently green strategy,” says Bruce Becker,AIA, AICP, President of Becker + Becker, whose Fairfield, Ct-based firm developed, designed and planned The Octagon, a high-profile adaptive reuse project in New York.
Tampa‑Franklin Street Real Estate Services has arranged the sale of distressed notes on a four-property multifamily portfolio formerly subject to Section 8 contracts.
Sunwheel Energy Partners, which provides turnkey solar energy systems for urban and community partners, has commissioned solar photovoltaic (PV) systems at three affordable housing community sites in San Francisco’s Western Addition and Hayes Valley neighborhoods.
What’s black and white and green all over…? The Silhouette. And, if all goes according to plan, this four-unit eco-friendly condominium in South Park Slope, Brooklyn will soon be the first low-rise LEED Platinum project in New York City.
The Carlton Group has been retained by a major financial institution to sell $257 million in first mortgage loans secured by a variety of commercial properties including retail, multifamily and industrial assets.