Business Specialties
Products & Services: Green Revolution
Large-scale green building materials companies seem to be burgeoning in the U.S. green construction market, and it is important to note that often, the greenest building supplies are those that come from vendors near the source of a project. Reclaimed materials such as lumber can be repurposed for a variety of different uses including siding, fencing and flooring, just as chunks of ripped out sidewalk from a municipal project can be re-used as retaining walls or stepping stones for pathways.
Cover Story: Green Amenities
Light glistens off of the dew drops that have collected on the rough tops of blue-green Lacinato kale leaves revealing tiny rainbows as it refracts the sun’s rays. A few feet away, fava bean seedlings have pushed through the overwinter compost and have begun their ascent to maturity, and by harvest time they will have helped fix enough nitrogen into the soil to fuel next season’s rotation of leafy greens like rainbow chard, arugula and New Zealand spinach.
Finance: GSE Reform-What’s Next
Fannie Mae and Freddie Mac have done considerably better than expected since going into government conservatorship in 2008, even as the Federal Housing Finance Agency (FHFA) has attempted to restrict their activities.
Market Report: The Big Apple is Tasty
New York City multifamily assets saw aggressively higher prices throughout all submarkets and pricing metrics in 2013 as demand, driven by rising rents and low interest rates, continued to outpace supply. Average capitalization rates dropped while gross rent multiples, prices per square foot, and prices per unit rose.
TODAY’S DEALS: Luxury NYC Adaptive Reuse Sells of $126M
Eastern Consolidated arranges the sale of a hotel-to-apartment conversion in New York; Berkadia originates $12 million for a Seattle community; and Hendricks-Berkadia negotiates the sales of two Tampa communities for more than $10 million.
CoreLogic Expands Tenant Screening Services
CoreLogic, a global property information, analytics and data-enabled services provider, today announced the expansion of its tenant screening services to deliver enhanced data for rental applicant screenings for single-family rentals and the “small-landlord” market.
Manna Inc. Buys DC Apartment Community
The 44-unit Vito Terrace Apartments in northwest Washington, D.C., has traded hands for an unspecified price.
NYSERDA Announces Funding Opportunity for Multifamily Heating Improvement Measures
The New York State Energy Research and Development Authority has announced that $1.2 million in funding has been set aside to assist multifamily buildings in implementing improvements to heating systems.
Upgrade Your Elevator Experience with KONE’s Destination Control System
As technology comes to play an ever increasing role in our day-to-day lives, you should expect touchscreens to show up with increased frequency in the places we call home.
Trending on Twitter: Bozzuto Awards Make a Splash
This year, Bozzuto’s hashtag for its awards reception organically trended on Twitter. MHN talked to Alex Middel, Bozzuto’s digital media strategist about how they accomplished this.