News
Heller Appointed as Green Growth Councilor
San Francisco–Jeffrey Heller, FAIA, president and founder of Heller Manus Architects, has been appointed to the Green Growth Leaders’ Council, an international alliance of leaders dedicated to accelerating the green economy.
‘Gimme Shelter’ with Daniel Gehman: Same-Day GB/GO–Feels Like Good Times
With unemployment dropping, money finally becoming available, and construction remaining on sale, there’s a window of opportunity in the multifamily space unlike anything we’ve seen in a while.
Ground Broken for Mixed-Use CityCenterDC in Heart of D.C.
Washington, DC–Hines and Archstone broke ground this week on the CityCenterDC development, a mixed-use project on 10 acres in downtown Washington.
Development of $1B Mixed-Use Project in Northern Virginia Begins
McLean, Va.–Development of One Loudoun, a sprawling 358-acre master-planned community in McLean, Va., has officially gotten underway.
TODAY’S DEALS: IPA Sells $27.6M Property in Connecticut
IPA sells a 192-unit Connecticut property for $27.6 million; Cushman & Wakefield brokers a $14 million trade in Westchester, N.Y.; and NorthMarq arranges $15 million in combined first-mortgage financing.
REITs Rule Today’s Market–under the Right Circumstances
New York–The message from the NYU Schack Institute of Real Estate’s REIT Symposium was that it’s a good time to be a REIT, but the opportunities today are not for everyone.
Economy Watch: Consumers in a Buying Mood
Retail sales came in strong in March; home prices have yet to find their bottom; and members of Congress continue their bickering without reaching a budget agreement.
MHN Interview: Pierce-Eislen’s Ronald Brock, Sr.
Ronald Brock, Sr., president and CEO of Pierce-Eislen, Inc., talks to MHN about the economic factors keeping demand ahead of supply in the apartment industry, such as household formations and cost of materials.
Affirmed Housing Group Breaks Ground on Affordable Apartments in L.A.
Los Angeles–Affirmed Housing Group makes its debut in Los Angeles with the ground breaking on the 60-unit green property, Lotus Garden Apartments.
Champion Plans Hollywood TOD Project
Hollywood, Calif.–West Los Angeles-based Champion Real Estate Co. has bought a five-building, mixed-use complex in Hollywood out of receivership for $20 million.