Archive for December 2008

By Keat Foong, Executive EditorNew York—The New York Housing Conference (NYHC) and National Housing Conference’s (NHC) 35th Anniversary Awards Luncheon meeting this week evidenced  a sense of anticipation in the affordable housing industry on the eve of an incoming Obama Administration.  An experts’ briefing entitled “A Fresh Start? Affordable Housing in the Obama Administration—a National…

By Teresa O’Dea Hein, Managing EditorNorfolk, Va.— Vitrue’s Social Media Index (SMI), a recently launched free tool that measures a brand’s online conversations, reports that ForRent.com leads in social media involvement in the multi-housing industry.Based on patent-pending technology, SMI scores are comprised of various online conversations, ranging from text-dense micro-blogs to multi-dimensional video sites. Vitrue…

Thom Cox is the founder and CEO of Thomas P. Cox: Architects Inc. (TCA). He is also the managing partner at the firm and known for his work in mixed-use, high-density urban infill and multifamily architecture. As a member of the Urban Land Institute, he serves on the Multifamily Blue Council. Cox is also a…

By Erika Schnitzer, Associate Editor Purchase, N.Y—The Greater Westchester NY/CT regional office of NorthMarq Capital Inc. has arranged $26 million in first mortgage refinancing for three apartment buildings, totaling 444 units.Ridgefield Apartments (pictured), a 262-unit property located in Middletown, Conn., was refinanced at $13.75 million. Hamden Ridge Apartments, a 135-unit community, was refinanced at $9,732,500,…

By Keat Foong, Executive EditorNew York—The New York Housing Conference and the National Housing Conference held their 35th Anniversary Awards Luncheon here at the Marriott Hotel with remarks by special guest New York City Mayor Michael Bloomberg. The Special Recognition Award was given to New York City Housing Authority Chairman Tino Hernandez and General Manager…

By Erika Schnitzer, Associate EditorMoscow, Russia—yoo, a London-based international branding, design and investment property company, has announced plans for the premier of its Eurasia Tower, a mixed-use tower comprised of 146 condominiums and approximately 360,000 sq. ft. of office space, in April 2009.“The Russian development market is quite unique in the sense that there hasn’t…

By Teresa O’Dea Hein,, Managing EditorSan Diego–More than 1,100 industry professionals recently attended the San Diego County Apartment Association (SDCAA) 15th annual Mark of Excellence awards ceremony, where more than 80 awards were presented. Michele Champion, SDCAA Director of Education and Events, tells MHN that nominations and attendance at the awards ceremony were both up…

By Erika Schnitzer, Associate EditorBridgewater, N.J.—SK Properties has secured more than $170 million in construction financing for three apartment communities, or 845 units, in N.J. and Penn.The loans included $107.5 million for 225 Grand (pictured), a 12-story, 348-unit rental building in Jersey City, N.J. SK Properties is developing the building in a joint venture with…