Business Specialties
East St. Louis Housing Authority Closes New Markets Tax Credit Deal
East St. Louis, Ill.–The East St. Louis Housing Authority has closed a complex and novel NMTC transaction that will fund the mixed-use Jazz @ Walter Circle project.
Dornbracht’s IMO Bath Collection Creates a Boutique Aesthetic
Named after the conventional online abbreviation “In My Opinion,” the IMO line collection represents a mix of contrasting shapes.
NAHMA Recognizes Multifamily ‘Communities of Quality’
Denver–NAHMA recognizes multifamily management companies that have at least 50 percent of their affordable housing portfolios accepted into the organization’s Communities of Quality recognition program.
Chicago’s Flair Tower Secures LEED Silver Certification
Chicago–Flair Tower, a boutique transit-oriented development featuring 198 upscale residences, recently earned LEED Silver certification.
Ground Breaks on $14M Upscale Rental Retirement Community in Florida
Melbourne, Fla.–Work has gotten underway on Sonata at Melbourne, a 127-residence rental retirement community that will help fulfill a need for seniors housing.
Extell’s Riverside Center on Track for Late 2010s Completion
New York–The 3 million square-foot mixed-use Riverside Center is on track, and will include 2,500 apartment units and a 250-room hotel.
Bay Area Transportation Commission Creates Affordable Housing Fund
Oakland, Calif.–The Oakland-based Metropolitan Transportation Commission has established a new $50 million revolving loan fund for affordable housing developers.
Improved Assets Mean Improved Community: Harlem Multifamily Owner
New York–In light of planning grants through the new Choice Neighborhoods Initiative, private multifamily owners are eager to point out how their own investments in multifamily properties can improve neighborhoods and quality of life.
CALGreen: California’s Latest Green Building Code
California’s newest green building code will push the industry toward a more holistic development approach, but at what additional cost?
Making Net Zero Energy a Reality
Operating a net-zero multifamily property is a goal that is within reach with budding technologies and realistic financing plans.