News
Affordable Homes Break Ground in D.C.’s Mount Pleasant Community
Dignitaries congregated this week in the Mount Pleasant neighborhood of Washington, D.C., to celebrate the groundbreaking of Monsenor Romero Apartments. The $19 million affordable community, which will feature 63 units, will rise at the site once occupied by the Deauville apartments.
Economy Watch: More Evidence of Residential Strength
Another measure of the U.S. residential market, coming on the heels of strong Case-Shiller numbers last week, came in positive.
Emeritus to Operate Merrill Gardens’ Seniors Portfolio
Seniors housing specialist Emeritus has inked a deal to take over operation of 38 properties currently run by Merrill Gardens.
MHN Interview: Challenges and Trends in Affordable Housing
Pennrose, a development and property management company located in Philadelphia, recently hired a new vice president of operations, Lopa Kolluri, who previously worked at HUD. MHN talks to Kolluri about her new position and some challenges and trends affordable housing is seeing
TODAY’S DEALS: HFF Arranges $371.7M for Tishman Condo in San Francisco
Tishman Speyer lands construction financing with help from HFF; BRE Properties sells a Los Angeles asset for $46.8 million; and NorthMarq Capital arranges a $14 million loan from a life insurance company for note acquisition deal.
Construction Begins on Seniors Housing in Brooklyn
Developer CPC Resources Inc. has joined forces with Ground Community HDFC, East Brooklyn Congregations, Common St. Paul Community Baptist Church, the U.S. Department of Housing and Urban Development and the New York State Homes and Community Renewal on construction of Redwood Senior Living in the East New York section of Brooklyn.
GE Unveils First Appliance Line Designed for Millennials
The most successful multifamily communities are tailored for a specific demographic. Why not let your appliances do the same?
Yardi Commercial Leasing Pad Wins Realcomm Digie Award for Promoting Fast, Efficient CRM and Leasing Workflows
Yardi Commercial Leasing Pad™, a new, end-to-end mobile leasing and tenant support solution, stands ready to help commercial property leasing agents and managers reduce leasing cycle times with leasing workflows and instant access to key property information.
Economy Watch: Construction Spend Rises in May
The Census Bureau said that U.S. construction spending during May was at an annualized rate of $874.9 billion, 0.5 percent above the revised April rate. The May figure is 5.4 percent above the May 2012 total of $830.4 billion.
Energy-Oriented Financing Complete for D.C. Apartments
Urban Energy Advisors has completed Property Assessed Clean Energy (PACE) financing for a 139-unit affordable apartment property in Washington, D.C., totaling $340,000.