News
Perkins + Will Completes New Shanghai Natural History Museum
Global architecture firm Perkins + Will has finalized work on Shanghai’s new 479,180-square-foot Natural History Museum.
New York City’s Housing Plan Outpaces Goals
New York City Mayor Bill de Blasio’s housing plan to create 200,000 units of affordable housing in 10 years is exceeding targets.
Bringing Resort Amenities to Condo Living
Vertical construction has begun on East Edgewater’s newest luxury condominium, Biscayne Beach, a 51-story, 399-unit waterfront tower located at 711 NE 29th St., along Biscayne Bay in Florida.
Enterprise Community Investment Marks 2,000th LIHTC Investment
Cheryl Chow Court, located in the Ballard neighborhood of northwestern Seattle, offers 50 studio and one-bedroom affordable apartments for formerly homeless and low-income seniors in an area undergoing a boost in development of luxury, market-rate apartments.
Economy Watch: U.S. Economy Turns in Weak First Quarter
As expected—since a number of economic indicators have been pointing that way—the U.S. economy didn’t grow much during the first quarter of 2015, according to the Bureau of Economic Analysis.
Industry Veteran, Judy Bellack, Joins Grace Hill as Vice President of Sales
Grace Hill LLC, a provider of online education and learning management solutions for the multifamily housing industry, announced Judy Bellack has joined the company as vice president of sales.
Fannie Mae Honored by EPA as a 2015 ENERGY STAR(r) Partner of the Year
The U.S. Environmental Protection Agency (EPA) has recognized Fannie Mae with a 2015 ENERGY STAR® Partner of the Year – Energy Efficiency Program Delivery Award for its outstanding efforts to increase adoption of energy-efficient policies and practices in multifamily housing.
Palm Beach Apartments Sell for $21M
Bayberry Apartments, a garden-style property in West Palm Beach, has traded hands for about $21 million. The seller was Fairfield Haverhill Commons, an affiliate of San Diego-based Fairfield Residential, while the buyer was BH Equities out of Des Moines.
TODAY’S DEALS: RFR and Vanke Land $360M for Manhattan Condo
HFF sources $360 million for a Manhattan condo development from the Industrial and Commercial Bank of China; Walker & Dunlop closes a $152 million loan portfolio within 48 days; and Greystone arranges financing for a Strategic Properties acquisition in Illinois.
Going Urban in the Suburbs
Harmony Hill, a contemporary, urban-style apartment community in the Dallas suburb of Rowlett, Texas, has just broken ground. Announcement of the groundbreaking was made by Huffines Communities, the project‘s developer.