News
LDG, HOC Partner on Redevelopment Project in Silver Spring, Md.
Lee Development Group and the Housing Opportunities Commission of Montgomery County have announced a partnership to redevelop three parcels in the downtown area of Silver Spring, Md., into mixed-use and transit-oriented affordable housing.
Carnegie’s New Clean Slate Upholstery Keeps High Traffic Design Features Fresh
Keeping high-traffic common spaces looking tidy is no easy task. This is true more today than ever due to shrinking units and growing amenity spaces.
ManageAmerica and PayNearMe Partner to Streamline Payments for Manufactured Housing Operators
PayNearMe and ManageAmerica, have partnered to offer a more efficient cash collection method that eliminates the risk of fraud and errors that are rife in traditional cash and money-order processing on-site.
EdR Promotes Richards to Executive Vice President and Chief Operating Officer
EdR announced the promotion of Christine Richards to executive vice president and chief operating officer from senior vice president and chief operating officer.
Lennar Multifamily Communities Developing 1.08 Acre Mixed-Use Building in Downtown LA
Lennar Multifamily Communities is developing Olympic & Olive, a planned 201-unit mixed-use rental community in downtown Los Angeles, which will include 4,000 square feet of retail space.
Economy Watch: Consumer Credit Spikes in July
Americans borrowed more in July than in June, according to the Federal Reserve, with U.S. consumer credit increasing at an annualized rate of 9.7 percent during the month, compared with 7.1 percent in June.
MassHousing Provides Nearly $1B for Affordable Housing in FY ’14
MassHousing, which is the housing agency of the Commonwealth of Massachusetts, reports that it provided $985.2 million for affordable housing in the 2014 fiscal year, which ended June 30, 2014. It was the second-largest lending year in the agency’s 48-year history.
Massey Knakal LIC Veteran Evan Daniel Joins Modern Spaces to Lean New Commercial & Investment Property Group
Modern Spaces, a professional real estate services firm with offices in Queens, Brooklyn and Manhattan, is launching a Commercial & Investment Property division and has tapped Evan Daniel as the group’s leader.
Peak Campus Development Begins Construction on Second Phase of The Pavilion
Peak Campus Development has announced that it has broken ground on the second phase of its Charlottesville, Va., student housing community, Pavilion at North Grounds.
Housing Crunch
Raising the Low Income Housing Tax Credit cap could mean more production opportunities for developers.