News
Hensel Phelps, Mithun Awarded Contract for New UCI Student Housing Community
The University of California, Irvine has announced that it has selected construction and design firm Hensel Phelps in partnership with architect Mithun to design and construct the Mesa Court Expansion student housing community. The $92 million project it targeting LEED Platinum and will add 780 beds to the university’s housing.
The Arc of Technology
As the ‘Internet of Everything’ unlocks huge business potential, apartment companies need to be on the lookout for progress’ unintended risks.
LaSalle Group Opens New Memory Care Property in San Antonio
Autumn Leaves of Stone Oak, a new construction memory-care property, has opened in San Antonio. The 30,000-square-foot facility is at 20271 Stone Oak Parkway, 14 miles north of downtown, and will provide specialized care for about 50 residents with Alzheimer’s, dementia and memory impairment.
Bathroom Trends
Bathrooms are a place that can be a deal maker or breaker for prospective renters. Some renters want luxurious offerings, others may want functionality or both. MHN has compiled a list of contemporary bathroom products that can make bad bathroom spaces good and good bathroom spaces great.
WinnResidential Named 2014 Top Affordable Housing Manager by NAHMA
WinnResidential, the property management arm of WinnCompanies, announced it has been named the largest affordable multifamily property management company, ranked by affordable unit counts by the National Affordable Housing Management Association (NAHMA).
Prism Takes On-Site Fitness a Step Further at Parkway Lofts
Fitness centers are a nice addition to many luxury apartment buildings. At Parkway Lofts in Bloomfield, N.J., however, the fitness center is not merely an add-on. It is the crowning jewel of the building’s resort-style amenity package.
TODAY’S DEALS: NorthMarq Arranges $35M for AFL-CIO
NorthMarq arranges an Allianz Life Co. refinancing for AFL-CIO Building Investment Trust; The RADCO Companies completes a value-add play with a $5 million sale in metro Atlanta; and Greystone provides a $5.6 million bridge loan for a Colorado community.
Kerry Rudd Appointed Duravit USA Vice President of Sales
Duravit USA is continuing its sales expansion with the addition of Kerry Rudd to the team. Rudd will join Duravit USA as the vice president sales, business development.
Economy Watch: Rumbles of Trouble in the Euro Zone
It’s been a while since the euro-zone crisis rumbled loud enough to bother investors around the world, but late last week Portugal halted trade in Banco Espirito Santo, which is the banking arm of one of that country’s largest conglomerate, with regulators citing “irregularities” in its accounts and asserting that it’s in “serious financial condition.”