Archive for July 2008

By Erika Schnitzer, Associate EditorMiami–Marquis, a 67-story condominium and hotel tower, which is expected to be the second-tallest building in Miami, was recently topped off. Designed by Miami-based Arquitectonica for New York-based Leviev-Boymelgreen Marquis Developers, the tower is comprised of 305 loft-style condominiums and a 56-key boutique hotel.The L-shaped building, located at 1100 Biscayne Blvd.,…

By Anuradha Kher, Online News Editor New York–The Ursuline Bedford Park Community, Fordham Bedford Housing Corp. and Enterprise, along with the U.S. Department of Housing and Urban Development (HUD) and the New York City Department of Housing Preservation and Development (HPD), recently broke ground on Serviam Gardens, an 83-unit affordable housing project for medium- to low-income…

By Anuradha Kher, Online News EditorDallas–JPI recently broke ground on Jefferson, a 228-unit luxury rental community in the Arts District in downtown Dallas.Located at the northeast corner of Ross Avenue and Routh Street in Dallas, Jefferson at the Arts District will be a part of the city’s 68-acre urban cultural district featuring the Dallas Museum…

By Anuradha Kher, Online News EditorChicago–The Institute of Real Estate Management (IREM) and the U.S. Green Building Council (USGBC) recently signed a Memorandum of Intent outlining collaborative efforts to promote green building development, energy efficiency and environmentally responsible building operations across all property types.The memorandum establishes a cooperative working relationship between IREM and the USGBC…

By Lisa Iannucci, Green Building Corresspondent New York–According to the Environmental Protection Agency (EPA), a “brownfield” is a property where the expansion, redevelopment or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant or contaminant. Although some developers are hesitant to work with brownfields, especially because of the…

By Anuradha Kher, Online News EditorWest Toluca Lake, Calif.–Hendricks & Partners recently arranged the sale of Toluca City Place, a multifamily development site located at 11022 Camarillo St. in West Toluca Lake, Calif., for $1,850,000. A 15-unit condominium or rental project will be built on the fully entitled 14,500-sq.-ft. vacant lot. The sale price equates…

By Erika Schnitzer, Associate EditorNew York–The first U.S. development by Barcelona-based Espais Promocions Immobiliàries will open in New York later this summer. The property is currently 60 percent sold.”We have a very diversified demographic,” says Andres Hogg, general manager of Espais. “We have singles, married couples and small families.”The 142-unit Twenty9th Park Madison will offer…

By Rachel Block, ReporterLivingston, N.J.–SureDeposit, which offers a security deposit system, has recently integrated with Resident Data to combine the two companies’ product services for their customers.SureDeposit offers a residents opportunity for paying a lower priced “surety bond,” rather than an expensive security deposit, which both improves a property owner’s risk management and lowers a…

Jack Kern is the managing director of Germantown, Md.-based Kern Investment Research Counselors. He talks to MHN’s Online News Editor, Anuradha Kher about when Florida’s skyline is likely to return to normal, the oil crisis and its effects on housing and how he believes transit-oriented developments will become commonplace–not anytime soon.MHN: What is the likely…