Business Specialties
Chicago’s One East Delaware Captures LEED EB Silver
Chicago–The first Chicago apartment property to earn multifamily LEED EB Silver certification from the U.S. Green Building Council is One East Delaware. The 22-year-old, 36-story, 306-unit upscale tower on the Windy City’s pricey Gold Coast is the nation’s third largest apartment community to gain the certification.
TODAY’S DEALS: HFF Lists Class A Community in St. Louis
HFF is picked to market a luxury community in St. Louis; Champion Real Estate Services purchases a $4.2 million community in central Ohio; and Jones Lang LaSalle brokers apartment sale by AMLI and Northwestern Mutual.
USAA-JLB JV Breaks Ground on Atlanta Apartments
Atlanta–A joint venture between USAA Real Estate Co. and JLB Partners L.P. has broken ground on Buckhead Village, a multifamily property in Atlanta. When complete, the property will feature 373 units in four- and five-story buildings totaling about 345,200 square feet, along with 583 parking spaces.
Architectural and Design Firm CetraRuddy Goes International
New York–CetraRuddy Inc., an architectural and design firm, recently opened an international division. Over the past three years, the firm has successfully attempted expansion in India and Great Britain.
The Praedium Group Buys Half a Billion in Assets in First Half of 2011
New York–The Praedium Group has been in a bit of a buying frenzy. Acting through The Praedium Fund VII L.P., the New York City-based national real estate investment firm snapped up assets, predominantly multifamily, valued at an aggregate $500 million in the first six months of 2011.
Bainbridge Develops Green Luxury Multi-Housing Property in Bethesda, Md.
The Bainbridge Cos. has begun construction on Bainbridge Bethesda, a luxury apartment development located in Bethesda, Md., an urban district outside of Washington, D.C.
Pittsburgh’s Piatt Place a Model in Green Evolution
Piatt Place, a mixed-use destination with 60 upscale residential condominiums in downtown Pittsburgh, is green to the bone. Completed by Millcraft Industries in 2009, the property is a shining example of how a non-green building can be reincarnated with a sustainable structural material to become a model of green development, and how it can help revitalize a city.
Brooklyn Building Tabbed ‘2010’s Best Selling’ Now 100 Percent Sold
The once-stalled condominium structure Property Shark anointed as “Best Selling Building of 2010,” Brooklyn’s be@schermerhorn, is now 100 percent sold.
Questions to Ask Before Embarking on a Social Media Plan
Anyone who’s spent time on social media marketing knows the process can get very deep very quickly–and hours can slip by like minutes.
MHN Interview: Pushing Electric Vehicles Forward through Multifamily Partnerships
Michael Farkas discusses the trend of electric vehicles and how multifamily owners and operators can help move the trend forward.