News
Powertree and Panasonic Bringing EV Charging to SF Apartment Buildings
Scores of electric vehicle charging stations are coming to multifamily properties in San Francisco in coming months, thanks to an initiative teaming Panasonic Enterprise Solutions Company and San Francisco-based Powertree Services Inc.
Economy Watch: Existing Home Sales See September Uptick
The National Association of Realtors reported on Tuesday that total U.S. existing-home sales, which are completed transactions that include single-family homes, townhomes, condos and co-ops, increased 2.4 percent in September to an annualized rate of 5.17 million units, compared with 5.05 million units in August.
2014 MHN Excellence Awards Slideshow
New York—MHN hosted a cocktail reception on October 16th to announce the 2014 MHN Excellence Award winners. The event was held at New York by Gehry at 8 Spruce Street, a luxury apartment property in lower Manhattan—and the tallest residential rental tower in the western hemisphere—developed by event sponsor Forest City Ratner. The event was also sponsored by Package Concierge, Walker & Dunlop, RentCollect Global and MHN parent company Yardi Systems. Photos of the event have been posted in this slideshow and below. [alpine-phototile-for-picasa-and-google-plus src=”private_user_album” uid=”102307573489359986587″ ualb=”6072805005718459265″ authkey=”Gv1sRgCIbEqsTz2aeprwE” imgl=”fancybox” style=”wall” row=”4″ size=”320″ num=”197″ align=”center” max=”200″]
Court Gives Nod to 1932 Florida Supreme Court Case, Blocking Developers’ Ability to Avoid Additional Payments
We are often asked when representing a client in defense of a claim whether the client could avoid the liability asserted by the claimant by potentially buying the cause of action out from under the claimant. The most common circumstance is when the plaintiff has an adverse uncollected judgment or, perhaps, owes money under a promissory note in default or construction lien.
Work Begins on Seniors Housing in Suburban Rochester
Ground has been broken on Long Pond Senior Housing, an affordable supportive seniors housing development in the town of Greece, a suburb of Rochester, N.Y. When the first phase is complete, the property will include 54 one- and two-bedroom units.
Edgewater on Lanier in Gainesville Trades Hands
A privately held real estate investment firm, The Griffin Fund, has acquired the Edgewater from Lake180-unit Edgewater on Lanier community in Gainesville, Ga., for $8.4 million from an undisclosed seller and plans to invest an additional $2 million into a community renovation program.
TODAY’S DEALS: Veritas Urban Properties Lands $7.5M for San Diego Development
HFF arranges $7.5 for a 36-unit development in San Diego; NorthMarq secures $23.2 million for a RADCO acquisition in Colorado; and Equicap arranged an $18 million condo construction loan in New York.
Economy Watch: GSEs to Ease Lending Standards
Though recovered from its worst days during the recession, it’s generally acknowledged that the U.S. housing market hasn’t recovered as much as it could have, especially compared with other post-recession periods.
AHP Grant Targeted for El Campo Apartment Renovations
National Church Residences was awarded a $259,000 Affordable Housing Program grant from Wells Fargo and the Federal Home Loan Bank of Dallas to renovate the Prairie Village Apartments, a 38-unit community serving low-income seniors in El Campo, Texas.
Keep Your Outdoor Amenity Spaces Toasty Year Round with Lava Heat
From exquisitely decorated rooftop lounges to pools that would look at home in a travel magazine, developers are constantly trying to one up the neighborhood in order to secure top of the market rents and occupancies. But unless it’s located in a Southern state, that outdoor space is functionally useless for a big chunk of the year when temperatures cool.