Development
MHN Interview: Federated Companies’ Dung Lam
The Federated Companies recently sold its last remaining retail asset so that the firm can focus on multifamily development. CEO Dung Lam discusses the strategy.
Ground Breaks on FSU Luxury Off-Campus Student Apartments
Tallahassee, Fla.–Construction has gotten underway on Campus Circle Tallahassee, a luxury off-campus student housing community adjacent to Florida State University.
WEB FEATURE: Global Market Report – South America
In the third and final piece of MHN’s global market report, a look at South America shows that potential for large-scale apartment communities exists in the region’s big cities.
$2B Master-Planned Community on Tap for Suburban Dallas
Arlington, Texas–Huffines Communities just broke ground on Viridian, a massive master-planned community that is estimated to cost $2 billion.
Zero Net Energy Development Near Completion at UC Davis
Davis, Calif.–The University of California-Davis is near completion of the first phase of a mixed-use project it is calling the “largest planned zero net energy community” in the United States.
WEB FEATURE: Global Market Report – Europe
Part two of MHN’s global market report focuses on Europe, a market that is surprisingly untapped and undeveloped compared to the U.S. model.
WEB FEATURE: Global Market Report – Asia
In the first of this three-part report on the challenges of investing and developing multifamily real estate abroad, MHN dissects impediments and opportunities in the Asian market.
AFL-CIO Housing Investment Trust Invests $58M to Build Boston Apartments
Boston–The AFL-CIO Housing Investment Trust has committed $58.2 million of union pension capital for the construction of the new Charlesview Apartments in Boston.
Work Begins on Affordable Property in Riverside County, Calif.
Lake Elsinore, Calif.–Ground has been broken on Pottery Court Apartment Homes, 113 dwellings for families earning between 30 and 50 percent of area median income.
Harlem Low-Income Property Rehabilitation Complete
New York–In the last five years, Tahl Propp Equities’ Gateway I in Harlem has made a remarkable turnaround, with recent rehabilitation achieving a 91 REAC score.