Archive for February 2009
U.S. Energy Group Launches Monitoring System to Help Owners Track Building’s Energy Issues
By Anuradha Kher, Online News EditorFresh Meadows, N.Y.–U.S. Energy Group has launched its new version of the USE Manager online monitoring system, USE Manager 5.3, which provides expanded graphing capability, allowing building owners and managers to immediately pinpoint any energy issues they need to address. Building portfolio managers can address issues quickly because the charts…
Read MoreNMHC Warns of Wave of Defaults and Bankruptcies in Apartment Market
By Anuradha Kher, Online News EditorWashington, D.C.–The National Multi Housing Council (NMHC) and the National Apartment Association (NAA) have launched an effort to help restore the apartment sector’s access to capital. At the center of the effort is a four-point policy statement outlining necessary steps federal officials must take to avoid systemic failure in the…
Read MoreFirst Multifamily Development in Houston Heights to Celebrate Grand Opening
By Erika Schnitzer, Associate Editor Houston—Allied Realty Services Ltd. will celebrate the grand opening of 212 Yale, a six-story, 195-unit urban infill development located in the Heights neighborhood of Houston, this month.Houston Heights “is one of the oldest parts of Houston. It’s full of a bunch of old Victorian homes and has its own downtown…
Read MoreWeathering the Capital Crunch: A New Approach to Interim Financing of Commercial Real Estate Projects
By Jeff Burton, American Dream DevelopmentIn today’s economic environment, there is no shortage of potential projects on the books of experienced commercial developers. There are also billions of investor dollars looking for an opportunity to go to work.Stabilized, commercial real estate—including residential rental developments—has become less available as even the best performers are not catching…
Read MoreTODAY’S DEALS: NCB Originates Nearly $60M in Financing for 24 NY Area Properties, and Other Transactions
By Anuradha Kher, Online News EditorNew York–NCB has originated almost $60 million in financing in December for 24 New York area properties. This includes $46.7 million in mortgages and $12.9 million in lines of credit. “Activity during December more than tripled from the prior month, as many cooperatives looked to take advantage of low interest…
Read MoreQ&A with John Hitchcox: We Will Build More Rentals Because Market Wants That
John Hitchcox (pictured) is the chairman of yoo, an international branding, design and investment property company he founded with Philippe Starck. Yoo currently has 57 projects under development. The company recently announced it decision to shift its focus from condos to rentals. Hitchcox talks to MHN Online News Editor Anuradha Kher about this change, how…
Read MoreWhat Multifamily Needs to Know about the Employee Free Choice Act
By Erika Schnitzer, Associate EditorWashington, D.C.—Union workers convened on Capital Hill yesterday to lobby for the passage of the Employee Free Choice Act (EFCA). Since taking office, President Obama has made his pro-labor stance clear with the signing of the equal-pay law, the establishment of a task force for middle-class families and his choice for…
Read MoreLatest Homebuyer Tax Credit Voted by Senate is The Real Thing, Says NAHB
By Anuradha Kher, Online News EditorWashington, D.C.–The Senate voted yesterday to expand the economic stimulus package with a tax credit for homebuyers of up to $15,000. The measure, introduced by Sen. Johnny Isakson, a Republican from Georgia, is expected to add as much as $18.5 billion to the already-massive stimulus package.This tax credit, unlike others…
Read MoreNational Association of Home Builders
The National Association of Home Builders is a trade association that helps promote the policies that make housing a national priority.
Read MoreMortgage Bankers Association
Offers information on buying a home, financing, market data, conferences and industry news.
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