News
Trident Sustainability Group Announces Affordable Community Earthcraft House and Community Certified
The Harmony Green Townhome Apartments, located in Pooler, Ga., are now Earthcraft House and Community certified, according to Trident Sustainability Group, the LEED consultant for the project.
TODAY’S DEALS: Beech Street Closes $22.1M for Orlando Community
Beech Street Capital closes acquisition financing for a 348-unit asset; CBRE Group Inc. secured $23 million for a Fort Worth community; and NorthMarq Capital arranges a $23.85 million mortgage for a fully leased seniors housing property.
Residents Moving into Fully Photovoltaic Apartments in San Diego
The first of four buildings in the 114-unit Solterra EcoLuxury Apartments has been completed, and residents are starting to move in. The first building of the fully photovoltaic property in the San Diego neighborhood of Scripps Ranch is now 80 percent leased, according to developer H.G. Fenton.
USGBC to Offer Free LEED Certification to Groundbreaking Projects in New Markets
In an effort to accelerate sustainable development around the world, the U.S. Green Building Council (USGBC), creators of the LEED green building program, announced a new campaign offering free LEED certification to the first projects to certify in the 112 countries where LEED has yet to take root.
Trophy Changes Hands with Sale of NYC’s 650 Madison Avenue
There are structures for which the term “trophy building” is apropos, and Manhattan’s 650 Madison Avenue is one.
Regulatory Updates
Boston is the 8th major city in the United States to require building owners to disclose the energy and water usage of their real estate assets.
Financing With ‘Hard Money’
Yes, rates are still higher than most banks, but the other terms that would let lenders take over the properties have gone away.
Economy Watch: Another Positive Home Price Report
According to CoreLogic, which released its house price index for April, U.S. home prices were up 12.1 percent this April compared with last April.
Slender NYC Condo Tower Designed by Ismael Leyva Architects to be ‘Tribeca Royale’
The condo development previously known as 19 Park Place has been rechristened as Tribeca Royale Condominium. The property will rise 21 stories near the World Trade Center in Lower Manhattan.
TODAY’S DEALS: Griffis Residential Enters Las Vegas Market with $41.1M Buy
ARA brokers Griffis Residential’s first Vegas acquisition; Marcus & Millichap arranges the sale of a 696-unit portfolio in Ohio; and Centerline Capital Group completes a $7 million refinance of a Brooklyn, community.