Multifamily to Benefit from Improving CRE Finance
San Diego–Lack of capital is no longer the main problem for real estate finance, according to Jones Lang LaSalle’s 2011 Commercial Real Estate Financing Outlook.
Reston Station Apartments May Begin Next Year
Reston, Va.–Ground breaking for the first component of Reston’s first TOD–a 1.3 million square-foot, mixed-use development–has been set for this spring.
Economy Watch: Battle of the Budgets Begins
The Obama administration released its version of the fiscal 2012 federal budget to compete with the House Republicans’ version, but neither side is willing to make cuts to non-discretionary spending.
New Partnership Focuses on Fractured Condo Niche
Washington, D.C.–Fairfield Residential and McWilliams-Ballard have joined forces, forming the Property Portfolio, to take on the business of fractured condominiums.
Chicago Affordable Apartments Win Neighborhood Development Awards
Chicago–The 17th annual Chicago Neighborhood Development Awards recognized two North Side Chicago multifamily developments, one for affordable housing, the other for for-profit development.
Kudos from Multifamily Organizations for Administration’s Green Building Initiative
Washington, D.C.–The Obama administration’s Better Buildings Initiative is being welcomed by two multifamily industry organizations as well as the U.S. Green Building Council.
Historic Church Incorporated into Tampa Workforce Housing Design
Tampa–Sage Partners has started work on Metro 510, a 120-unit multifamily housing property that will incorporate the adaptive re-use of the St. Paul AME Church.
Historic Church Incorporated into Tampa Workforce Housing Design
Tampa–Sage Partners has started work on Metro 510, a 120-unit multifamily housing property that will incorporate the adaptive re-use of the St. Paul AME Church.
Economy Watch: Retailers See Strong Sales in January
Winter woes did not stop consumers from spending in January; Bernanke reports good news for economic recovery, with one caveat; and ISM’s Non-Manufacturing Index shows some industries on the uptick as well.
ICP Financial Goes Hunting for Distressed Properties
Boulder, Colo.–Investment specialist ICP Financial has inked a $4.8 billion deal with an unnamed but large European bank to buy distressed properties and mortgage portfolios directly from American banks.