Business Specialties
Residents Moving into Fully Photovoltaic Apartments in San Diego
The first of four buildings in the 114-unit Solterra EcoLuxury Apartments has been completed, and residents are starting to move in. The first building of the fully photovoltaic property in the San Diego neighborhood of Scripps Ranch is now 80 percent leased, according to developer H.G. Fenton.
USGBC to Offer Free LEED Certification to Groundbreaking Projects in New Markets
In an effort to accelerate sustainable development around the world, the U.S. Green Building Council (USGBC), creators of the LEED green building program, announced a new campaign offering free LEED certification to the first projects to certify in the 112 countries where LEED has yet to take root.
Financing With ‘Hard Money’
Yes, rates are still higher than most banks, but the other terms that would let lenders take over the properties have gone away.
Market Dominating Makeovers
Successful repositioning spends the right amount in the right places.
Economy Watch: Construction Spending Ekes Out Gain
The Census Bureau reported that U.S. construction spending edged up in April by 0.4 percent compared with March, to an annualized rate of $860.8 billion.
Construction Begins on New Luxury Residential Development in San Gabriel Valley
Construction has begun on the latest San Gabriel Valley mixed-use development. Hutton Companies recently announced that its new project, La Verne Village, has broken ground and is now set to meet its construction deadline, in Q1 of 2014. The developer is investing approximately $43 million into the luxury apartment community that will be located at 2855 Foothill Boulevard, along the Historic Route 66, in the city of La Verne. Ontario-based NAI Capital is currently handling retail leasing for the property.
Holland Partner Group Begins Construction on Denver Transit-Oriented Development
Holland Partner Group announced it’s starting construction on Platform at Union Station, a 287-unit, transit-oriented community in Union Station neighborhood in Denver.
TODAY’S DEALS: Berkeley Point Capital Closes $49.7M for a Salt Lake Acquisition
Kennedy Wilson completes an acquisition with financing from Berkeley Point Capital; HFF closes $23 million for a Cambridge renovation; and Eastern Consolidated sells sponsor condos near New Jersey’s “Gold Coast” for $15.25 million.