Business Specialties
USGBC Kicks Off GIS-Based Technology Applications
The U.S. Green Building Council has debuted the initial phase of the GIS-based Green Building Information Gateway.
USGBC’s LEED Automation Will Enhance Green-Building Communication
The U.S. Green Building Council has introduced the new program LEED Automation, which will streamline the LEED certification process and advance data-tracking capabilities.
Scott Watson Rejoins Johnson Capital, Looking Forward to Multifamily Deals
Irvine, Calif.–Scott Watson has rejoined Johnson Capital as a vice president and will be arranging debt and equity capital for a wide range of commercial and residential real estate.
Construction Commences on $33M Green Affordable Housing Development
Davie, Fla.–Ground has just broken on East Village, a 155-unit affordable housing townhome community in Davie, Fla., that will bring much-needed housing to very low-income families.
RealPage, Inc. Announces Public Offering of Its Common Stock
RealPage, Inc. has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission relating to a public offering of 9 million shares of its common stock, of which 4 million are being offered by the Company and 5 million are being offered by selling stockholders. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of common stock to cover over-allotments, if any. RealPage will not receive any of the proceeds from the sale of shares by the selling stockholders. The offering price of the…
USDA Offers $14M for Rural Affordable Housing Rehabilitation
Washington, DC–The U.S. Department of Agriculture has unveiled a new program to provide low-interest loans to rehabilitate multifamily housing in rural areas.
SPECIAL REPORT: Real Estate Companies See Businesses Strengthening Despite High Unemployment Levels, Cite ‘Unprecedented’ Availability of Capital
New York– Commercial real estate executives expressed growing optimism about their businesses although U.S. employment growth is expected to remain weak through 2011.
Interview with Lydia Bishop: Management Strategies in Florida
Dallas–Lydia Bishop has been promoted to senior vice president of the Florida region with Riverstone Residential Group, one of the largest privately owned, third-party multifamily apartment management companies in the United States.
DEAL OF THE DAY: NorthMarq Arranges $44M Mortgage at 4.04% Interest on Behalf of Amli
Woodridge, Ill.–Frank Relihan, vice president, Kenneth Gentzel, senior vice president and managing director and Gary McGlynn, senior vice president and managing director of NorthMarq’s Washington, DC Regional office arranged first mortgage financing of $44 million for AMLI at Seven Bridges, a 520-unit multifamily complex located at 6566 Double Eagle Drive in Woodridge, Ill.