Business Specialties
TODAY’S DEALS: Donaldson Group and Angelo, Gordon Acquire 599-Unit Property
The Donaldson Group finalizes the acquisition of a 599-unit community in Forestville, Md.; NorthMarq Capital arranges a $32M mortgage via a life insurance company; and Prometheus expands its management role in the Pacific Northwest with three new properties.
MHN Interview: R4’s Kevin Price on ‘Green Shoots’ in the Condo Market
Principal Kevin Price, who heads R4, talks to MHN about pockets of opportunity for developers as well as buyers in Southern California and in the condo market at large.
First Phase Underway for Denver’s Dahlia Square Affordable Seniors Apartments
Denver–McDermott Properties already has a waiting list for its Dahlia Square Senior Apartments, and they’re only in Phase One of construction.
Determining Rental Leniency in the Wake of a Foreclosure Boom
Over the past few years, many property management companies relaxed their screening standards. Their thinking was that thousands of long-time renters were victims of the last decade’s home mortgage mania.
Necessities of the Next Development Boom
Changes in renter demographics, pent-up apartment demand and an improving economy have experts predicting and preparing for a major period of development, and there are certain elements developers will need in order to ride the wave.
Cascades at World Golf Village Enters Penultimate Phase
St. Augustine, Fla.–Dock Street Communities kicks off the sixth of the seven-phase development of The Cascades at World Golf Village, an active-adult master-planned community.
Managing the Rising Costs of Water
By the year 2013, 36 states are expected to face a water shortage, and the rate at which costs are expected to rise will require new solutions to resource management.
Ground Broken for Yonkers Workforce Housing
Yonkers, N.Y.–The Yonkers Industrial Development Agency, L+M Development Partners Inc. and the Greyston Foundation have broken ground on 49 North Broadway, an affordable multifamily housing development.
American Campus Communities and ISU Partner on $59.6M Student Apartment Project
Normal, Ill.–American Campus Communities Inc. and Illinois State University will break ground on Cardinal Court, an 896-bed student-housing community.
Create Value by Improving Customer Satisfaction
As the industry ramps up for the next development boom, existing communities need to focus on staying competitive.