Business Specialties
President Jan Berman Elected to Green Light New York Board of Directors
Jan Berman, president of MechoSystems, has been elected to the Board of Directors of Green Light New York (GLNY). His nomination was unanimously approved.
Construction Begins on Three-Way JV Partnership Community in Rahway, N.J.
Construction has commenced on a 116-unit Sterling Properties, AST Development and Hearstone Development joint venture community in the heart of Rahway’s Arts and Central Business District.
TODAY’S DEALS: Mack Urban and AECOM Announce the Land Acquisition of Six Acres for More Than $80M
Mack Urban and AECOM Capital announced the acquisition of six acres of land in downtown Los Angeles’ South Park district; three Georgia seniors housing assets trade for $30.9 million; and Greystone closes $15.9 million in Fannie Mae financing for a Maryland community.
‘What Renters Want’ with Jessica Fiur: What Should You Include in Your Apartment Marketing Photos?
What should you feature in your apartment pictures to attract the most prospective renters?
MHN Interview: Why Developers and Property Managers Should Consider Cultural Customization
How does your community address diversity? Moises “Moe” Vela, who has held two positions in the White House and currently works as a consultant and in affordable housing, talks to MHN about cultural customization—a successful program he introduced at his communities to make them more inclusive to the minority renters in the area.
TODAY’S DEALS: WRIT Acquires D.C. Apartment Asset for $48.2M
Washington Real Estate Investment Trust buys a 135-unit apartment community in Arlington; The Community Development Trust will obtain $125 million, the largest allocation under an inaugural federal bond program for funding affordable housing; and Beech Street Capital closes $13.6 million for a Maryland asset.
Avesta Housing’s Pearl Place II Achieves LEED Platinum Certification
Avesta Housing, with the help of Thornton Tomasetti Inc., has achieved LEED Platinum certification from the U.S. Green Building Council for its Pearl Place II community in Portland, Maine’s Bayside neighborhood.
