News
Suburban D.C. Apartments Win LEED Gold
Solaire Metro Apartments in suburban Washington, D.C., has earned LEED Gold.
San Francisco Exec James Cantrell, CPM, Honored for Contributions to Real Estate Management Education
Chicago—The Institute of Real Estate Management (IREM®) Foundation, a nonprofit 501(c)(3) public foundation, recently honored James H. Cantrell, CPM®, of San Francisco, CA, with its Lloyd D. Hanford Sr. Distinguished Faculty Award. The Hanford award is presented periodically to a member of the IREM® faculty who has shown extraordinary dedication to the educational process and the advancement of knowledge in the real estate management profession. It commemorates the direct contributions of Lloyd D. Hanford, Sr., one of the Institute’s early presidents and a founder of the IREM® real estate management education program. An IREM instructor for 30 years, teaching courses…
TODAY’S DEALS: Toll Brothers and AECOM Announce Luxury Jersey City Project
Toll Brothers and AECOM to break ground this spring; Lincoln Property Co. and Phoenix Property Co. land $150 million for a 420-unit development in Los Angeles; and HFF closes a $29 million sale of a development site on Biscayne Bay in Miami.
Inland American Communities to Develop 300-Unit Student Housing Community for UNC
Inland American Communities announced that it is developing a 300-unit student housing community at the University House Boulevard, which will be walking distance from the UNC Charlotte Campus in Charlotte, N.C.
Pennrose Named Property Manager for 148-Unit Pittsburgh Community
Real estate development and management company Pennrose has added the Pittsburgh apartment community Cloverleaf Village Apartments to its management portfolio. Pennrose will manage the community on behalf of Winshaw Partners.
Rafael Cestero, CEO of Community Preservation Corporation, Honored for Leadership in Affordable Housing
As part of a Cornell University summer field study, Rafael Cestero spent a semester at the Enterprise Foundation in New York City (now Enterprise Community Partners).
VA, HUD and Jon Bon Jovi Announce “Project Reach” Grand Prize Winner
The Department of Veterans Affairs (VA) has announced the winner of a mobile application competition designed to make local assistance resources accessible to people helping homeless Veterans and others in need.
Mortgage Bankers’ Commercial/Multifamily Originations Rise to $244.2 Billion In 2012
Commercial and multifamily mortgage bankers closed $244.2 billion of loans in 2012 according to the Mortgage Bankers Association’s (MBA) 2012 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
First-Quarter Economic Growth Stronger Than Expected
Recent data indicate that economic growth in the first quarter has accelerated to an above-trend—but likely unsustainable—pace of 3.2 percent, according to Fannie Mae’s Economic & Strategic Research Group.
Economy Watch: Housing Starts Continue Upward Trajectory
Housing starts were up in March to an annualized rate of about 1.03 million units, according to the Census Bureau.