Healthcare Reform Bill Already Changing Seniors Housing Development Dynamics
Passage of healthcare reform has already altered dynamics in commercial real estate’s senior housing sector.
AFL-CIO Puts $90M into LES Multifamily Development
New York–The AFL-CIO Housing Investment Trust has invested $90 million in the Lands End II property on Manhattan’s Lower East Side, which will allow rental units to remain affordable for low- and moderate-income renters.
PODCAST: Economy Watch Weekly
Economy Watch reporter Dees Stribling offers his weekly insight into the top economic news in commercial real estate.
NAHB Names Michaels MF Development Firm of the Year
NAHB honors Michaels Development Co. for leadership in the multifamily housing industry and successful achievement of the company’s vision and goals.
Economy Watch: Mortgage Modifications Still Slow Slogging
The government’s Making Home Affordable Program saw 30,000 homeowners receive permanent mortgage modifications in November. However, the program has also seen a 54 percent dropout rate.
Multifamily Industry to Benefit from Tax Deal
According to NMHC and NAA, there were a number of wins for the multifamily industry in the tax bill passed by Congress and signed by President Obama earlier this month.
Advanced Mixed-Use Project Wins New Jersey State Environmental Award
Jersey City, N.J.–Hoboken Brownstone Company has been honored with a Governor’s New Jersey Environmental Excellence Award for its conversion of a seven-acre brownfield site in Jersey City, N.J. into a progressive, energy-efficient mixed-use property.
Whirlpool Introduces Appliances for New Year
Whirlpool Corporation and its portfolio of brands are introducing a number of new kitchen and laundry appliances to developers.
New Partnership to Fund Affordable Housing Renovations
Chicago–The John D. and Catherine T. MacArthur Foundation, the National Affordable Housing Trust and Cornerstone Real Estate Advisers L.L.C. have partnered to preserve federally subsidized rental housing in a number of markets.
Aimco Energizes Three Philadelphia Properties with New Cogeneration Plants
Philadelphia–With the assistance of a $1 million competitive, matching grant from the State of Pennsylvania’s Green Energy Works! Program, Apartment Investment and Management Company has installed an energy-efficient system that will significantly decrease tenants’ utility bills.