Business Specialties
Balfour Beatty Completes Hollywood Mixed-Use Tower for Less than Expected
Balfour Beatty Construction recently announced that it has completed a high-end mixed-use tower in Hollywood at a considerably lower cost than was originally estimated. The company’s Southwest Division finished a project it had been developing for real estate and infrastructure investment firm CIM Group at a total cost of $76.2 million, roughly $12 million less than what was initially committed to the project. The change comes from the use of the contractor’s cast-in-place structures, as well as a re-design of the building’s mechanical, electrical and plumbing systems.
JLB Partners Open 350-Unit Allure Luxury Apartment Community
JLB Partners, LP has held a ribbon cutting ceremony for the 350-unit Allure, Charlotte’s newest luxury apartment community.
APARTMENT MARKET STATISTICS: January 2015
Housing starts rose by 18 percent over the month of September 2014 to 353,000 units, according to the National Association of Home Builders.
McShane Construction Reveals New Amenities in Phase III
McShane Construction has begun comprehensive construction of the Phase III expansion of The Lodge of Northbrook in Northbrook, Ill.
The Rising Tide of Millennials and What It Might Mean for CRE
It is projected that this year there will be more Millenials than Baby Boomers. What does this mean for multifamily?
What Renters Want with Jessica Fiur: Alternative Super Bowl Party Activities for Residents
Some people just aren’t into sports. Here are some other fun activities you can have for your residents during the big game.
HUD Announces Important Energy Initiative
HUD’s new financing plan for energy efficiency in affordable multifamily housing.