$125M in Financing Paves Way for Groundbreaking on Two Miami Affordable Housing Projects
Coconut Grove, Fla.–Work has now gotten under way on Phase I and II of the Brownsville Transit Village.
Justice Department Files Fair Housing Suit Against Washington State Apartments
Washington, D.C.–The U.S. Department of Justice has filed a suit against the owner, management company and former on-site manager of Summerhill Place Apartments.
$125M in Financing Paves Way for Groundbreaking on Two Miami Affordable Housing Projects
Coconut Grove, Fla.–Work has now gotten under way on Phase I and II of the Brownsville Transit Village.
Value Cos. Launches Third-Party Property Management Division
Clifton, N.J.–Value Companies has launched a new division to provide full-service management capabilities and customized asset solutions to third-party real estate investment and property owner clients throughout the country.
REIT CEO Compensation, Including Multifamily, Grew in 2009
New York–REIT CEO bonuses saw shifts to cash and equity percentages.
Get Your ‘A’ Game On
The multifamily industry is certainly feeling the effects of increased competition. It’s hard to imagine anything you would want to invest in these days, but smart money places its bets on creating opportunity with cosmetic improvements.
Kettler Property Wins PARAGON Community of the Year
Arlington Va.–Kettler Management’s The Metropolitan at Pentagon City in Arlington, Va., was named National Apartment Association’s (NAA) PARAGON Community of the Year.
Distressed Properties Can be Profitable, But Pose Booby Traps for Unwary
New York–Distressed means being exceptionally careful about numbers associated with a property.
MARKET SNAPSHOT: With Pricing Hitting Bottom, Phoenix Investors Pick Up the Pace
Phoenix–The city’s economy hasn’t recovered just yet; in fact, apartment rents and occupancies remain stagnant.
Park Slope Condos Go For New LEED Midrise Certification
New York–After acquiring a teardown on Dean Street, Trident decided that its six-unit condo project would serve as a pilot for green design in future developments.