Archive for May 2009
Modular Workforce Housing Designed for LEED Platinum Added to SkiCo’s Housing Inventory
By Erika Schnitzer, Associate EditorAspen, Colo.—ModSystemSB Inc. has completed Holiday House, a 25-unit modular workforce housing project designed for LEED (Leadership in Energy and Environmental Design) Platinum certification, for the Aspen Skiing Co. (SkiCo). The entire project—from digging the foundation to delivering the modules—took five months, Bill Boyd, general manager of ModSystemSB Inc., tells MHN.…
Read MoreRon Sims Sworn in as Deputy Secretary of HUD
By Anuradha Kher, Online News EditorWashington, D.C.–Following confirmation by the U.S. Senate, Ron Sims has been sworn in as the deputy secretary of the U.S. Department of Housing and Urban Development. As the second most senior official at HUD, Sims will be charged with managing the HUD’s day-to-day operations, a nearly $39 billion annual operating…
Read MoreQ&A with Richard Raeke: Solar Can Work on MF Properties Anywhere If Owner Can Take Advantage of 9% LIHTC
Richard Raeke (pictured)is the director of project finance at Borrego Solar Systems Inc., a designer and installer of commercial and public sector grid-tied photovoltaic solar electric systems. Raeke is responsible for helping customers negotiate their options for financing solar projects, including Power Purchase Agreements and Captive Energy Companies. He talks to MHN Online News Editor…
Read MoreTODAY’S DEALS: NorthMarq Capital Arranges Over $13.725M Mortgage for 272-Unit Apartment Community, and Other Transactions
By Anuradha Kher, Online News EditorChandler, Ariz.–NorthMarq Capital’s San Diego regional office has arranged first mortgage financing of $13.725 million for Waterside at Ocotillo (pictured), a 272-unit multifamily property, located in Chandler, Ariz.Financing was based on a 10-year term with a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its affiliate…
Read MoreHUD to Provide $5B to States for Acquisition, Construction of Affordable Housing
By Anuradha Kher, Online News EditorWashington, D.C.–As part of a partnership aimed at job creation and easing the pressures on the housing market, the Department of the Treasury and Department of Housing and Urban Development (HUD) has announced that it will provide billions of dollars in recovery funds to spur the development of thousands of…
Read More$300 Million L.A. Condominium Celebrates Grand Opening
By Erika Schnitzer, Associate EditorLos Angeles—Astani Enterprises Inc., based in Beverly Hills, Calif., recently celebrated the grand opening of Concerto, a new $300-million, 100,000-sq.-ft. condominium development in downtown Los Angeles’ South Park. The community, which will be completed in two phases, is being designed for LEED (Leadership in Energy and Environmental Design) certification.Occupancy of the…
Read More‘The Green Picture’ with Erika Schnitzer: Enforcing an Energy-Efficient Building Environment
What’s everywhere, practically invisible and costs $15 billion each year? Energy in New York City buildings! New York City Mayor Mike Bloomberg, along with Council Speaker Christine Quinn, recently announced plans to reduce greenhouse gas emissions from existing residential, commercial and government buildings. As MHN has reported, the proposed legislation is aimed at encouraging…
Read More‘Editor’s Notebook’ with Diana Mosher: Can Social Responsibility Increase NOI?
The debate continues about whether apartment residents will pay more for green living, but c learly demand is growing within certain demographics and interest is quickly spreading to others. And it’s on all of our minds. Recently NMHC’s Kim Duty shared an interesting article “Green Renting: Tenants Desire Eco-Friendly Digs” with members of our newly…
Read MoreZaGo Introduces New Eco-Friendly Trim Series
ZaGo Flexible Mouldings Inc. has introduced its new Trim EZ Pro Series line of decorative flexible trims and mouldings, which provide the look and appeal of carved wood without the cracking, rotting or chipping. Custom-made from a high quality polymer composite and not from wood, Trim EZ trims and mouldings are easily bent or shaped…
Read MoreEditor’s Note: Enforcing an Energy-Efficient Building Environment
By Erika Schnitzer, Associate EditorWhat’s everywhere, practically invisible and costs $15 billion each year?Energy in New York City buildings!New York City Mayor Mike Bloomberg, along with Council Speaker Christine Quinn, recently announced plans to reduce greenhouse gas emissions from existing residential, commercial and government buildings.As MHN has reported, the proposed legislation is aimed at encouraging…
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