Archive for June 2009

Alex Palmer, ContributorNew York–Consumers are open to making energy-saving lifestyle changes. But, they are still far from becoming active managers of their household energy use, per new research from Nielsen Claritas. The annual Convergence Audit drew on data from more than 32,000 respondents replying both online and through the mail about their energy behavior.While consumers…

Alex Palmer, MHN ContributorNew York–The already substantial market for green building materials for both the commercial and residential properties will continue to grow, per NextGen Research. The global green building materials market valued at $455.3 billion last year is expected to reach $571 billion by 2013, per its new report “Green Building Materials: Making Cement,…

By Anuradha Kher, Online News EditorCharlotte, N.C.–University Village at Charlotte and University Club recently joined with University of North Carolina at Charlotte’s Students in Free Enterprise (SIFE) to participate in the SIFE/University Village GREEN3 Project. The GREEN3 community project is meant to serve as an interactive learning experience between the university, property residents, and the…

By Anuradha Kher, Online News EditorHouston, Texas–HFF (Holliday Fenoglio Fowler, L.P.) has secured nearly $50 million in financing on behalf of Trammell Crow Residential for Alexan Woods and Alexan Main Street, two Class A multifamily complexes in Houston, Texas. Working on behalf of the borrower, HFF placed two, seven-year adjustable-rate loans with Freddie Mac (Federal…

New York—Andrew Padian, vice president for energy initiatives for the Community Preservation Corporation (CPC), has been selected to judge MHN’s second annual Green Initiative Awards. At CPC, Padian assists with the implementation of the Energy Efficiency Loan Program, working with CPC staff and building owners across the tri-state area. The Green Initiative Awards, presented by…

Dallas—Pinnacle has hired Lynne Shirley as its new central region vice president. She will be responsible for new business development, recruiting and developing strong management teams for Pinnacle’s Gulf Coast portfolio.Shirley has over 26 years of property management experience. Before joining Pinnacle, Shirley worked for Greystar Real Estate Partners for 15 years and held numerous…

By Anuradha Kher, Online News EditorNew York– Prodigy International recently launched the Prodigy Network, a company that plans to purchase available condominiums for international investors.The company will purchase approximately $100 million worth of new condominium units in New York and Miami on behalf of investors located in Latin America, Europe, and Asia in the first…

By Keat Foong, Executive EditorNew York—REITs will be the top players again, much as they were in the 1990s, when the markets move forward in the next few years, predicted speakers at National Association of Real Estate Investors’ (NAREIT) REITWeek conference held in New York City this week. Speakers at REITWeek suggested that REITs will…

By Keat Foong, Executive EditorNew York—Kaled Management Corp. announced it has formed a division to provide third-party asset and property management services to owners of rent-regulated apartment properties in New York City.  The division, Kaled Residential Asset Management, will be spearheaded by Jordan Platt, the company’s vice president of Operations. “We are uniquely qualified to…