News
Pioneer Releases Bold New Faucet Line
Pioneer Industries has released a a new line of faucet designs centered on a bold combination of angles and curves called The Presidio Series.
TODAY’S DEALS: ARA Brokers Sale of Fla. Seniors Community
ARA brokers the sale of a 310-unit seniors housing asset; Preferred Apartment Communities acquires a 216-unit community near Philadelphia; and Cushman & Wakefield handles the $26.4 million transaction of River Pointe at Den Rock.
Economy Watch: Opening Salvos in Budget Wars
The House of Representatives voted for a symbolic federal budget on Friday afternoon, one which purports to cut the deficit by $6 trillion or so over the next decade and upend Medicare and Medicaid, previously considered (with Social Security) the third rail of federal spending.
SOM Brings Green to Tech City in Vietnam
Da Nang City, Vietnam–A new master plan for a green city situated on the edge of the Danang in Vietnam has been unveiled by Skidmore, Owings & Merrill LLP (SOM).
Marazzi Sustains Energy-Efficient Building Façades
The system reduces energy costs by one third as well as installation time.
Historic Landmark Begins Transformation into Artist Lofts in New Orleans
New Orleans–It has been nearly six years since New Orleans was hit by a devastating hurricane, but the post-Katrina revitalization of the City continues and a former condiment factory is going to play its part.
Cuts in HUD Funding Mean Less Housing for the Needy
This week, the House passed FY 2011 Continuing Appropriations Act (HR 1473) to fund the federal government for this fiscal year. The shrinkage in the federal budget, amounting to $2.8 billion in HUD program funding, will result in low-income households losing access to affordable housing.”
Abode Begins Work on SoCal Affordable Seniors Housing Projects
Los Angeles–Abode Communities broke ground recently on two new affordable seniors housing projects in greater Los Angeles, Terra Bella in Bell Gardens and Hudson Oaks in Pasadena.
TODAY’S DEALS: Investors Savings Bank Closes $23.8M Loan for N.J. Community
Investors Savings Bank provides $23.8 million for Verona, N.J., apartments; Berkadia originates $85M for an apartment co-op in Santa Monica; and Largo Group arranges $8.5 million in financing for Ohio apartments; and
Upscale Apartment Project in D.C. Attracts Mayor’s Attention
Washington, D.C.–Rhode Island Row, a 274-unit apartment project in the midst of being developed by Urban Atlantic and A&R Development Corp. in Washington, D.C., recently grabbed the attention of the city’s Mayor, Vincent C. Gray, who visited the $107 million luxury residential project’s construction site on April 5.