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Hotels and Residences Portion of $2.5B L.A. Live Complex Earns LEED Silver Certification
Los Angeles–The Hotels and Residences at L.A. Live, the 4 million square-foot luxury complex in Los Angeles, has achieved LEED Silver certification.
Pierce Education Expands Its Student Housing Portfolio
Tempe, Ariz.–With its cutting-edge amenities, Block 1949, an off-campus community serving Arizona State University, is the student housing destination of tomorrow.
Phoenix, Orbach Form JV to Own Midtown Manhattan MF
New York–Phoenix Realty Group and the Orbach Group have partnered to acquire an interest in a 13-building residential portfolio on West 49th Street in Manhattan.
Q&A with Carroll Organization’s Patrick Carroll
Patrick Carroll talks with MHN about the multifamily discussion that took place at the Global Real Estate Institute’s annual U.S. gathering in New York.
Owners of SF’s Fairmont Hotel Push to Go Half-Condo
San Francisco–Joint owners of the Fairmont Hotel are eager to move forward with a business plan that will make the property more relevant in the current environment.
Premier Nashville Condo Goes Rental
Nashville–Velocity’s conversion to apartments comes courtesy of Pollack Partners, which just acquired the 220 unsold units at the 263-residence mixed-use property.
Affordable Housing Project Springs Up in Affluent L.A. Suburb
Neighbors were not initially receptive to Mirandela, a 34-residence affordable seniors housing apartment property, but the finished product has brought nothing but accolades.
2,580-Unit Multifamily Portfolio Trades for $460M
In a joint venture, Pantzer Properties and Dune Real Estate Partners have acquired the eight-community Magazine Portfolio in metropolitan Washington, D.C. for $460 million.
Q&A with Crescent Resources’ Todd Farrell
Todd Farrell, president of Crescent Resources Multifamily Development Group, talks to MHN about Crescent Resources’ foray into student housing.
Condo Convertor Offers Deep Discounts on Chicago Property
Chicago–Condo sales and prices were down in 2010. American Invsco is temporarily knocking half the price off units in one of its properties.