News
Economy Watch: Foreclosures at Record Levels in 2010
2010 saw a record number of foreclosures; Neil Barofsky warns of the possibility of future bailouts; and many Americans are still desperate for work.
New Green, Modular Student Housing in Philadelphia, Plus Slideshow
Philadelphia–By utilizing modular construction, Equinox was able to shorten the construction schedule and decrease costs. The modules were created in an efficient assembly-line process–off site.
Pinnacle’s Winthrop Court Posts Fast Sales
Clifton, N. J.–Since partnering with KABR Real Estate to purchase the nonperforming construction loan for 39 unsold residences at Winthrop Court, The Pinnacle Companies has sold 64 percent of the community’s residences.
TODAY’S DEALS: Hendricks & Partners Sells 740-Bed Student Housing Community
Hendricks & Partners sells a student housing community near University of Kentucky; Marcus & Millichap brokers sale of Houston multifamily property; and ARA completes sale of Denver apartment.
JV Acquires SoCal Student Housing for $43M
Riverside, Calif.–Among other perks, the Palms on University boasts a fitness center, computer lab, game room, tanning salon, pool and spa, and outdoor basketball and volleyball courts.
Investment Opportunities for the Coming Year
While the usual suspects show market potential, some say that there really are no markets to avoid in 2011.
SPECIAL REPORT: Apartment Project Feasibility Should Be Carefully Considered, Say Experts
Orlando, Fla.–Panelists at the NAHB Builders’ Show say that the first step in developing apartments is to determine the feasibility of the project.
Economy Watch: Beige Book a Model of Restrained Optimism
Economic conditions thawed in the last two months of 2010; new life is expected for housing starts in 2011; and AIG is on its way to paying back U.S. taxpayers.
Sterling University Housing Prepares to Debut Three New Luxury Housing Properties
Houston–Sterling University Housing will complete development of three new upscale off-campus student apartment properties in 2011, two of which are being designed to obtain LEED Silver certification.
The Role of Urban Design: Q&A with Clark Manus
Recently elected AIA President Clark Manus talks to MHN about the role architecture and design have in urban communities.