Lettire Presses on With NYC Affordable Housing
Private housing developers like Lettire Construction are pressing forward with affordable housing projects in the city.
Edge Principal Advisors Announces Multifamily Investment Platform
Edge Principal Advisors LLC has launched a multifamily investment platform. Edge will target institutional quality apartment communities located in select markets the firm expects to benefit from outsized rental demand over the next several years.
Kimidar Group to Develop Residential Property in Hurghada, Egypt
Kimidar Group, a developer as well as a major tour operator in Egypt, has unveiled plans for Golden Park Resort & Spa, in Hurghada, Egypt, on the Red Sea. The property will consist of apartments, villas and penthouses in a resort setting, with 300 residences for sale in the first phase.
Resolve Debt Provides Visibility, Control to RE Investment Managers, Lenders
Resolve Debt, a new software solution that helps investment managers and lenders streamline the management of real estate debt, has recently been released by Resolve Technology.
NY Rent-Freeze Bill Draws Fire
It didn’t take long for the bill (S. 6811) introduced last week by New York State Senate Majority Leader Pedro Espada Jr. to attract detractors, most visibly a young woman holding a sign next to Sen. Espada at his press conference announcing the bill.
Seniors Thinking About Seniors Housing Again?
Independent living seniors housing properties saw a mild uptick in occupancies between 2Q09 and 3Q09, from an average of 88.4 percent to 88.5 percent, according to the National Investment Center for the Seniors Housing & Care Industry.
Exhale Opens First Residential Mind Body Spa in Landmarked Condo Project Manhattan House
Exhale, a mind body spa has opened its first residential location in New York at Manhattan House, the landmarked condominium on the Upper East Side.
Flipping Foreclosed Homes Big Trend for 2010
Pete Berman is the CEO of The Ruby Group. He talks to MHN about trends developers and owners should watch out for in 2010.
Student Gets Free Rent For Whole Year at Campus Advantage Property
Premier USC university housing apartments, University Gateway, gave away an entire free year of housing to one lucky USC student. When the USC Sophomore, Pamela Ho, told her parents, they didn’t believe it.
McGraw-Hill Predicts Some Multifamily Construction Increases in ’10
In recently released reports, McGraw-Hill Construction is predicting a more vigorous pace of construction starts for some property types in some parts of the country in 2010 than last year, including an increase in multifamily construction.