Business Specialties
Reauthorization of the National Flood Insurance Program
The NFIP expired in 2008 and has since been operating on a series of extensions. Efforts to reauthorize have been coupled with needed reforms to return the program to solvency.
Trophy Transactions Reflect a Healthy Investment Market
The largest multifamily transactions being completed today, from trophy to distressed, show an investment market that is running in high gear.
TODAY’S DEALS: Dezer Pays Off $265M Mortgage on Miami Beach Trump Towers
Dezer pays off a $265 million mortgage on two of the Trump Towers in Miami Beach, Fla.; Arbor closes six Fannie Mae deals totaling $23.6 million; and Walker & Dunlop closes a $4.2 million acquisition loan secured by a 50-unit property in Minnesota.
Historic Rhode Island Property Receives Financing for More Apartments
East Providence, R.I.–Rumford Center, the mixed-use redevelopment of a historic mill complex, has obtained $15.5 million to complete the residential aspect.
Graduate Student Housing Project to Lift Downtown Pomona
A new mixed-use graduate student housing development has the potential to help revitalize Pomona’s downtown business district.
New Apartments Break Ground North of Tampa
Pasco County, Fla.–The Altman Cos. has broken ground on Altís at Grand Cypress, an apartment property with 17 two-story buildings totaling 258 units north of Tampa.
Green Incentives for Brownfield Development
Green building and brownfield development are walking hand-in-hand these days, with urban infill projects likely to take a lead in the multi-housing comeback.
The Role of Construction in the Nation’s Recovery
One of the messages Clark Manus took away from a recent Clinton Global Initiative meeting is that not only do architects have to find what projects might be funded; they have to help put all the players together in public-private partnerships.
Lend Lease to Reduce Military-Housing Energy Use
New York–Lend Lease launches a program to decrease energy use by 20 percent at its 65.3 million square-foot Military Housing Privatization Initiative portfolio.
Wood Partners Begins Work on San Diego County Apartments
San Marcos, Calif.–Wood Partners has broken ground on a 108-unit apartment property near San Diego and within walking distance of the local light-rail system.