News
Economy Watch: Unemployment Rates Edge Up in Many States
The Bureau of Labor Statistics reported that 28 states experienced unemployment rate upticks in June: 11 states had decreases, and 11 states and the District of Columbia saw no change.
Arts-Oriented Seniors Housing Completed in Long Beach
Long Beach Senior Arts Colony, a development of Meta Housing Corp., has been completed. The property is a new-construction TOD with 200 units designed to provide affordable housing for seniors.
Taconic Investment Partners Announces Sales of Tribeca Condos
Taconic Investment Partners announced that The Sterling Mason, a new condominium building in Tribeca in Manhattan, is pre-selling its units.
TODAY’S DEALS: Passco Completes $28M Buy in Durham
Passco Companies buys a 280-unit asset; Centerline provides a $113.7 million refinance for a Northern California portfolio; and Walker & Dunlop closes loans for properties in the Mid-Atlantic.
Hoboken’s Park Place Captures Smart Growth Gold Award
Park Place, a 212-unit mixed-use development currently under construction in Hoboken, N.J., has been awarded a 2013 Smart Growth Gold Award, bestowed by the Hudson County Planning Board.
Massive Italian Resort Project Moves Along as Redevelopment Initiative Packs Punch
One of the most ambitious and audacious hospitality projects in recent years sparked up back in 2007 when German tourist brand TUI AG purchased a struggling settlement in the Italian region of Tuscany with the clear intention of turning it into a new type of attraction.
Economy Watch: Detroit Files for Chapter 9
On Thursday, Detroit became the largest city in the nation ever to file for the municipal version of bankruptcy, Chapter 9.
Jersey City’s Laguna Apartments Opens for Leasing
Laguna, a 158-unit new-construction apartment, has opened for leasing.
NAHB Honors the Year’s Best Apartments and Condos
High-end looks for student and affordable housing, green and energy-efficient building systems and contemporary design are the hallmarks of this year’s finalists for the 2013 Multifamily Pillars of the Industry Awards.
MHN Interview: Design Tips for ‘Fun’ Apartments
The Residences at W Hollywood recently selected Christopher Grubb of Arch-Interiors Design Group, to design one of their penthouses. MHN talks to Grubb about his playful design for the unit, as well as his tips on how to stage small apartments so that they look bigger.