Business Specialties
Boston Capital Closes One Fund, Launches Another
Boston–Boston Capital Corp., a long-time player in multifamily investment, has closed one fund and is now putting another together for the acquisition of apartment properties.
Former NYC Brownfield Now Site of Affordable Housing
New York–Developed by three partners working together, the mixed-use, low-income La Terraza rental development has been recognized for its affordable brownfield redevelopment.
Wilshire and La Brea Project Recognized, but Not Underway
Los Angeles–A planned mixed-use mid-rise that will include 478 units recently won a Gold Nugget Award but, as yet, has no specific timetable for construction.
Keystone Crossing Project Elevates Indy Luxury Rental Market
Flaherty & Collins Properties is transforming one of two Sheraton Hotel towers at I-465 and Keystone Avenue on Indianapolis’ north side into a new high-rise luxury apartment building.
Campus Suites Communities Go to Head of Class
Orlando-based Campus Suites is figuring out that today’s student housing market has a higher expectation built in than it once did.
MHN TV: Regulatory and Benchmarking Update
MHN interviews AUM executives at the 2011 NAA conference in Las Vegas. Jeffrey Peterson and Jim Kenneally share information about water meter regulations in California as well as benchmarking green attributes in affordable housing.
$40M Historic Preservation Project Converts Courthouse to Apartments
The Alexander Co. is transforming the long-shuttered, 1930s-era U.S. Federal Courthouse in downtown Kansas City, Mo., into 176 high-quality workforce-housing apartment residences.
Alliance Residential Undertakes Massive Development Plan
Phoenix–With apartment supply struggling to keep up with demand, Alliance Residential Co. says it’s going to start about 5,000 units as part of a business plan for this year.
Miami Condo Project Targets International Buyers
Miami–The 292-unit Marquis Residences, a downtown Miami condominium developed by Africa-Israel USA, is seeking international buyers, and so far the strategy is working.
PropertyBridge and On-Site Introduce New Online Leasing Tool
Oakland, Calif.–PropertyBridge Inc. has partnered with online leasing automation provider On-Site.com to answer the call to provide a new online leasing solution.