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ZOM’s Avery on Southwestern Wins Best Garden Apartment Community
Dallas–NAHB has honored ZOM Inc. its 2010 Best Garden Apartment Community Award for The Avery on Southwestern, a 422-unit luxury multifamily property.
Westchester County Apartment Complex Sells for $28M
New York–Phoenix Realty Group and Property Resources Corp. have acquired a Westchester County, N.Y. apartment property for $28 million.
JP Morgan Buys Chicago Multifamily Trophy Property for $182M
Chicago–J.P. Morgan Asset Management will take a majority stake in the 87-story Aqua, a mixed-use development in downtown Chicago.
Behringer Harvard Adds 424-Unit District at Universal to Its Orlando Portfolio
Orlando, Fla.–With The District at Universal, Behringer Harvard continues to pad its portfolio with premier multifamily properties in core markets.
The Crossing Achieves LEED Gold Status in Orange County
Anaheim, Calif.–SARES•REGIS Group’s transit-oriented The Crossing has officially achieved LEED Gold certification.
Wood Partners Acquires Jacksonville Apartment Complex for $14M
Jacksonville, Fla.–Wood Partners has acquired the 168-unit Magnolia Village Apartments in Jacksonville on a short-sale basis for a reported $14 million.
Q&A with NDR Group’s Charlie DePasquale
NDR Executive Vice President Charlie DePasquale talks to MHN about filling a need in a community, building green and giving back to the tax base all in one shot.
Healthcare Reform Bill Already Changing Seniors Housing Development Dynamics
Passage of healthcare reform has already altered dynamics in commercial real estate’s senior housing sector.
Aimco Energizes Three Philadelphia Properties with New Cogeneration Plants
Philadelphia–A grant from Pennsylvania’s Green Energy Works! Program helps Apartment Investment and Management Company install an energy-efficient system.
Jamboree Breaks Ground on Intergenerational Affordable Housing Project
Claremont, Calif.–Jamboree has broken ground on Courier Place Apartment Homes, a unified apartment community for low-income seniors and working families.