News
495,000 SF Mixed-Use Building Announced in Tokyo’s Famous Ginza District
J. Front Retailing Co. Ltd., Mori Building Co. Ltd., L Real Estate and Sumitomo Corporation recently announced they have entered a mutual agreement to jointly operate a retail facility, which will be part of the largest mixed-use building in Ginza, Tokyo’s most famous upmarket shopping, dining and entertainment district.
Peak Campus Development Constructing Student Housing Near Arizona State U
Peak Campus Development is developing a 213-unit, 600-bed student apartment community in Tempe, Ariz., close by the Arizona State main campus.
Digital Leader Joins Executive Team at Houlihan Lawrence
Houlihan Lawrence, a estate brokerage firm servicing Westchester, Fairfield, Putnam and Dutchess counties, welcomes digital marketing expert Anne Marie Gianutsos to the company’s corporate management team, headquartered in Rye, N.Y., as director of digital.
Economy Watch: ADP Puts Private-Sector Job Creation at 191K
According to Automated Data Processing’s estimates for March, the private sector added 191,000 jobs during the month.
Finance Trends: Multifamily Finance Trends and HUD
While much chatter across the industry speculates as to a current or future bubble, economic indicators show that the sector continues to show strength and that a bubble is not imminent. Investors and developers are active, and demand for units remains steady.
Renters’ Choice: Green Living
The multifamily industry overall has embraced the green movement and made great strides in recent years; but, some apartment communities are doing better than others. This month, MHN partnered with Kingsley Associates to see what residents are saying about their communities’ green features. Electric car charging, drought-resistant landscaping and better insulation are just three features that residents would like to see more of.
Executive Insight: Youthful Insight
Low Income Housing Tax Credit specialists WNC & Associates may have more than 40 years of experience in the affordable housing industry, but the firm isn’t afraid to put youth in the driver’s seat of its rapidly expanding subsidiary, Community Preservation Partners LLC (CPP).
Development & Design: What’s ‘New’ in New Urbanism
While New Urbanist developments are not the only types of multi-housing projects that are being built today, the movement’s precepts have swept the industry over the past 20 years or more, and become common wisdom among multifamily developers, big and small alike.
Operations: Green Insurance
Building and operating green multifamily buildings is not only a sound practice from a societal standpoint, it is a smart move from a business point of view. Increasingly, owners and managers view buildings that are green as both more cost-efficient and more attractive to potential renters and buyers.