Development
Partners Break Ground for Dallas Multifamily Property
Dallas–A joint venture formed by Prescott Realty Group, Northwestern Mutual and AREA Property Partners has started construction on a new mixed-use development on the old Shamburger Lumberyard site in Dallas.
Mixed-Income Apartment Property Pops Up at Long-Vacant Site in New Orleans
New Orleans–A parcel that had sat vacant in New Orleans for the last four decades is now home to the 49-unit Aloysius Apartments, a new $16.8 million mixed-income multifamily community developed by HRI Properties.
Q&A with Portland State University’s Dr. Gerard Mildner
Portland State University is introducing a new master’s program in real estate development this fall, making it one of only two universities in the Northwest to offer the degree.
HIT Invests in Green Multifamily
Washington, D.C.–The AFL-CIO Housing Investment Trust has made a foray into energy-efficient developments, including multifamily projects and mixed-use projects with multifamily components.
Renaissance Square Wins Sustainable Building Award from Maryland USGBC
Renaissance Square, a for-sale affordable housing community under development in Essex, Md., has earned a valuable distinction in Maryland’s sustainable housing development arena.
Demand Pushes Value Companies to Pick Up Development Pace
Middletown, N.Y.–Renters snatched up residences at Value Companies’ recently completed The Point at Sutton Hill in a hurry, prompting the company to commence construction of The Point’s next set of buildings way ahead of schedule.
Chicago Affordable Apartments Win Neighborhood Development Awards
Chicago–The 17th annual Chicago Neighborhood Development Awards recognized two North Side Chicago multifamily developments, one for affordable housing, the other for for-profit development.
AMCAL Completes Workforce Housing Development in Fresno
Fresno, Calif.–AMCAL Multi-Housing Inc., in partnership with the Foundation for Affordable Housing, has developed the 50-unit family workforce project Summer Hill Place in an area deeply in need of affordable housing.
Yonkers IDA Green-Lights Incentives for Modern Affordable Housing
Yonkers, NY–The Yonkers Industrial Development Agency has finalized a set of economic development incentives that will facilitate the construction of a seven-story, 77-unit affordable-housing apartment building in the city.
$26M L.A. Housing Project for Formerly Homeless and Incarcerated Opens Its Doors
Los Angeles–The dearth of accommodations for the formerly homeless and previously incarcerated is massive. The Dolores McCoy Villa in the Watts community of Los Angeles helps to fill that hole.