News
Green Building Councils From Around the Globe Celebrate World Green Building Week
Washington, D.C.—The green building community is celebrating World Green Building Week with events around the globe that shine a spotlight on the key role of buildings in conserving resources, saving money and creating jobs while providing healthier places to live, learn, work and play. Organized by the World Green Building Council, the week has united 90 nations representing more than 20,000 organizations as they hold conferences, tours, educational events and gatherings that celebrate this year’s theme, “Green Buildings for Great Communities.” World Green Building Week highlights the role of green buildings in creating greener and healthier neighborhoods, communities and cities,…
Mortgage Rates Drop to New Survey Lows
Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 14, 2012.
Maryland Rental Property Sells for $90.25 Million
Hamptons at Town Center, a Germantown, Md., apartment community, has been sold by affiliates of Harbor Group International LLC, to Montgomery County for $90.25 million.
Economy Watch: Homebuilders Feeling Better
The National Association of Home Builders reported that its housing market index increased 3 points in September to 40.
TODAY’S DEALS: SC Bodner Co. Sells $23M Asset
ARA completes a $23 million sale; Inland buys a 272-unit asset in Bradenton, Fla.; and Centerline Capital Group refinances a property in Illinois with a $6.5 million Fannie Mae loan.
Pathfinder Acquires Former Foreclosed Property in Riverside
Pathfinder Partners has acquired Tuscan Townhomes, a 63-unit project located on Magnolia Ave. in Riverside.
TF Cornerstone Hosts Event for Residents…and Pets
TF Cornerstone is going to the dogs. And they’re OK with that. The real estate developer recently hosted a fashion event at Hudson Yards, a rental community in Manhattan, for pets and the people who love them.
TCA Architects Announces Aram Chahbazian President of the Firm
Chahbazian leverages more than 25 years of experience as a design principal to guide his responsibilities in developing TCA’s operating platform and vision to support long-term growth
Ann Arbor $50 Million Mixed-Use Building in the Works
Property owner Phil Sotiroff is hoping to convert his building on 1320 S. University into a $50 million mixed-use building in Ann Arbor, which would bring more student housing and encourage greater walkability and density to the South University Downtown Area.
Bradley Lerman Appointed General Counsel and Corporate Secretary of Fannie Mae
Fannie Mae announced today it has appointed Bradley Lerman, 56, as executive vice president, general counsel and corporate secretary effective October 1, 2012.