News
HOK-Planned Green Mega-Development Launches in India
Luxora Infrastructure Pvt Ltd has launched Ensaara Metropark, a 280-acre mixed-use mega-development in Nagpur, the state of Maharashtra, under the Government of Maharashtra’s Special Township Policy.
Dutch Architecture Firm Plans Floating Apartment Community
Given its century-old battle with the forces of nature, in preserving the integrity of its territories, the Netherlands seems to have come to an understanding that it won’t always be able to stave off Mother Nature.
Deco Communities Redevelops Vegas Apartments Frequented by Rat Pack
Cabana on Dumont, the redevelopment of the former Rainwalk Apartments in Las Vegas, has opened. It’s the first apartment outside of Arizona to be converted into Scottsdale-based Deco Communities’ “Cabana Modern Apartment Homes” brand of rental properties.
WESTliving Plans Construction of Continuum of Care Model Community
California-based WESTliving has announced its plan to build an independent, assisted living and memory care seniors community in an upscale area of South Corona, Calif. in Riverside County.
Shanghai CRED Real Estate Purchases Peppers Carrington Resort in New Zealand
One of the largest real estate developers in Shanghai has purchased Peppers Carrington Resort in New Zealand.
TODAY’S DEALS: Prudential Provides $114M for AIMCO Development in Boston
AIMCO lands a $114 million construction loan; Steadfast Income REIT makes six-property portfolio acquisition; and Johnson Capital’s Denver office arranges a $7.84 million FHA 223(a)(7) refinance.
Bernards Chosen as Construction Manager for Newport Beach Luxury Condos
Bernards is managing the construction of the Meridian, a new $81.7 million condominium community in Newport Beach, Calif., being developed by a partnership between The New Home Company and Hillwood West.
American Standard Joins MHRP as Founding Associate Member
The Equal Rights Center, a national non-profit civil rights organization, announced that American Standard is paving the way for accessibility product and service vendors by becoming the Founding Associate Member of the Multifamily Housing Resource Program.
PayNearMe and RentPaid Online Partner to Make Cash Payments Easy
RentPaidOnline®, a multifamily housing rent payment provider, announced that the company has expanded its online platform to include cash payment capability through a partnership with PayNearMe, the electronic cash transaction network.
Economy Watch: Gas Prices to Drift Lower
The U.S. Energy Information Agency predicted that the economy—consumers and businesses and anyone else concerned with driving a gas-power vehicle—is going to catch a break next year because of lower gas prices.