Archive for November 2008
Q&A: Going Green in Senior Living
Steve Leone, AIA, LEED AP, is a principal and director of sustainable design at Cubellis. The Boston-based firm offers architecture, interior design and engineering services throughout the United States, as well as in Dubai. Leone’s responsibilities at Cubellis include business development, client relations, architectural design and sustainable design. He has won several awards for architectural…
Read MoreSerious Materials Releases Energy-Efficient Windows that Exceed Energy Star Requirements
Serious Materials has launched its ThermaProof energy-efficient windows, designed to save up to 40 percent in heating and cooling costs. Offering R-values of R-5 to R-11, the windows reportedly perform up to four times higher than current Energy Star requirements and exceed the proposed 2013 standards.The ThermaProof windows combine an insulated glass package with fully…
Read MoreSurvey Finds Majority Residents Are Happy with Guardian’s Year-Old Smoking Ban
By Anuradha Kher, Online News EditorPortland, Ore.–Guardian Management LLC, in conjunction with the Oregon Public Health Division, recently surveyed residents at 17 of its federally subsidized rental communities regarding its no-smoking policy and found a majority of the respondents are satisfied with the ban while also experiencing a reduction in second-hand-smoke exposure. Guardian introduced its…
Read MoreTODAY’S DEALS: Arbor Closes $2,256M Fannie Mae DUS Loan, and Other Loans
By Anuradha Kher, Online News EditorMidland, Texas–Arbor Commercial Funding LLC recently arranged a $2,256,000 loan under the Fannie Mae DUS product line to acquire the 74-unit community known as Garden Court (pictured) Apartments in Midland, Texas.The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.68 percent with 80 percent Loan-to-Value.Guardian…
Read MoreQ&A: Busting the Myth that Green Costs More
James D. Qualk (pictured), LEED AP, is vice president of the Sustainable Solutions Group (SSG) at SSRCx LLC, a subsidiary of Smith Seckman Reid Inc., an engineering design and facility consulting firm based in Nashville, Tenn. Of the firm’s approximately 520 employees, 64 are LEED (Leadership in Energy and Environmental Design) Accredited Professionals, and Qualk’s…
Read MoreApartment Firms Spend 0.7% of Gross Revenue on IT, NMHC’s IT Investment Benchmarking Survey Reveals
Washington, D.C.–The National Multi Housing Council’s recently released Information Technology Investment Benchmarking Survey aims to help firms make informed decisions regarding their technology spending and staffing.”The apartment sector has embraced technology in virtually all aspects of their operations,” says Dave Cardwell, NMHC’s vice president of technology and capital markets. “They use it to recruit and…
Read MoreNYHC, NHC Announce This Year’s Affordable Housing Honorees
By Anuradha Kher, Online News EditorNew York–The New York Housing Conference (NYHC) and the National Housing Conference (NHC) will present its 35th annual awards luncheon on December 11 at the New York Marriott Marquis in New York City, where NYHC and NHC will honor those who continue to create and preserve affordable housing in New…
Read MoreTODAY’S DEALS: KeyBank Closes $40M Loan for 296-Unit Garden-Style Rental Community, and Other Transactions
By Anuradha Kher, Online News EditorLong Beach, Calif.–KeyBank Real Estate Capital recently closed a $40.2 million loan for Essex Property Trust Inc. The Freddie Mac Conventional loan will be used to refinance an unspecified amount of debt for renovations made in 2007 on Pathways at Bixby Village, a 296-unit garden-style multifamily property in Long Beach,…
Read MoreIREM’s New President Shares 2009 Goals, Reinforces Green Commitment
Pamela W. Monroe, CPM brings over 25 years of professional property management experience to her new role as president of the Institute of Real Estate Management (IREM) . Currently, she is also senior vice president of Community Realty Management Inc., Pleasantville, N.J., which she joined in 2002. Monroe tells MHN Managing Editor Teresa O’Dea Hein…
Read MoreLatest Version of LEED to be Introduced in 2009
Washington, D.C.–Leadership in Energy and Environmental Design (LEED) 2009, an update to the internationally recognized green building certification program, recently passed member ballot, and will be introduced in 2009 as the newest version of the existing LEED rating systems for commercial buildings. LEED 2009 includes a series of major technical advancements focused on improving energy…
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