Archive for October 2009
MULTI-HOUSING EXECUTIVES UPDATE: McShane Hires Andrea A. Bills as New VP, and Other Moves
Rosemont, Ill.–McShane Development Co. has hired Andrea A. Bills as vice president in the firm’s corporate headquarters in Rosemont, Ill.
Read MoreNew Program Offers $1B for Green Retrofits
A new program could provide a sizable jolt to the already-popular practice of retrofitting existing commercial properties to increase environmental sustainability. The Community Preservation Corp., a non-profit affordable housing lender, has unveiled a new public-private partnership that aims to provide $1 billion in funding for energy efficient upgrades and green retrofits to multifamily properties.
Read More‘Capital Insights’ with Jack Kern: Don’t Count Out Rents as House Prices Languish
"I get knocked down, but I get up again, you're never gonna keep me down!" Tubthumping Lyrics (c) Artist (Band):Chumbawamba Most forecasters have called rent declines an unfavorable trend through 2012, and commented on how the rents in place are tied, almost demonically to home price affordability. The commonly held view is that the strength…
Read MoreQ&A with Jack Perlman: Escrow Provides a Sense of Security for Investors in Mexico
Jack Perlman is a real estate developer in Playa del Carmen (main beach town in the Riviera Maya region, by the Caribbean Sea) and owner of Condo Hotels Playa del Carmen. Perlman is opening a fifth luxury condo called El Taj Condo Hotel (pictured) this January, as well as an upscale beach club.
Read MoreGUEST COLUMN: Green Collar Jobs on the Rise
For many, the environmental movement is about recycling, solar panels, and hybrid cars. Even we in the industry can get distracted by the technological whiz-bangery of the latest wind turbine, composite material, and waterless urinal. It’s easy to overlook what will be the most pervasive aspect of sustainability in the coming years: the green collar job market.
Read MoreFoong on Finance: Where to Look for Distressed CRE Opportunities
Many investors are seeking to take advantage of the downturn (now supposedly coming to an end) to pounce on distressed multifamily commercial real estate opportunities. Little wonder that the GreenPearl Events’s Distressed Real Estate Summit held in New York last week far exceeded the organizer’s expectations. The day-long event was attended by over 700 industry…
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