New York—MHN hosted a cocktail reception on October 16th to announce the 2014 MHN Excellence Award winners. The event was held at New York by Gehry at 8 Spruce Street, a luxury apartment property in lower Manhattan—and the tallest residential rental tower in the western hemisphere—developed by event sponsor Forest City Ratner. The event was also sponsored by Package Concierge, Walker & Dunlop, RentCollect Global and MHN parent company Yardi Systems. Photos of the event have been posted in this slideshow and below. [alpine-phototile-for-picasa-and-google-plus src=”private_user_album” uid=”102307573489359986587″ ualb=”6072805005718459265″ authkey=”Gv1sRgCIbEqsTz2aeprwE” imgl=”fancybox” style=”wall” row=”4″ size=”320″ num=”197″ align=”center” max=”200″]
Seven27 is one of the newest rental apartment buildings in Madison, Wis. The Valerio Dewalt Train Associates-designed building features 117 units and a host of amenities including a landscaped courtyard terrace with fire pits and barbecue areas, a resident lounge, fitness room and more.
HFF has announced that it has brokered the debt construction financing and joint venture equity for NOVUS Odenton Station in Odenton, Md. The borrower is NOVUS Residences, which is targeting completion of the Class A, transit-oriented community by early 2015.
As reported in the May edition’s California Market Report, San Francisco remains California’s top market for multifamily growth, while Los Angeles and San Diego are experiencing a slower recovery from the downturn. The state as a whole is showing improvement, albeit slow, on the development front and acquisitions of existing assets remains extremely competitive in most of the markets around the state.
Before the final decision is made. One amenity that’s sure to get their attention is the on-site vegetable garden. Whether it’s on the roof or at ground level, offering residents the opportunity to grow their own produce is not only the cutting edge thing to do—it also immediately raises your organization’s green profile.
MHN catches up with Taconic Investment Partners’ Peter Febo — who was recently promoted to the newly created COO spot — about the company’s growth and development pipeline.
The National Association of Home Builders found that developer confidence slipped in the fourth quarter of 2013, citing a four-point drop to 50 in its Multifamily Production Index (MPI).