News
Affordable Housing Community in Mississippi Gets Much-Needed $12M Makeover
Meridian, Miss.–The Meridian Housing Authority (MHA) recently held a well-attended ceremony to kick off the rehabilitation of Frank Berry Courts, a 113-unit affordable housing property in Meridian, Miss.
Rick Castro Joins NWP Services as Managing Director, ISO/Lean Six Sigma Quality Programs
Irvine, Calif.–Rick Castro recently joined NWP Services Corp. (NWP) as managing director of its ISO and Lean Six Sigma Programs, reporting to Vaughn Chase, vice president of operations.
DEAL OF THE DAY: Tikijian Represents Seller Who Purchased Mortgage Note and Negotiated Deed in Lieu
Indianapolis–Tikijian Associates participated in the sale of Presidential Estates Apartments, a 255-unit community located on Indianapolis’ far north side. Presidential Estates was listed for $6,750,000, and the sale closed in Ocotber.
MHN Interview with Joe Stanton: NAHB Needs Congress to Work Together
Joe Stanton, senior VP of Government Affairs at the National Association of Home Builders, talks to MHN about the impact that divisiveness in Congress could have on home building.
$77M Mixed-Use Luxury Apartment Project in Baltimore Makes Official Debut
Baltimore–The Fitzgerald, a 275-unit mixed-use residential property in Baltimore, has officially reached completion two years after construction commenced.
DEAL OF THE DAY: Harrison Street Real Estate Capital Sells Three Student Housing Communities in Partner’s IPO
Chicago–Harrison Street Real Estate Capital LLC, a real estate private equity firm based in Chicago, has announced the disposition of HSRE’s entire interest in three student housing communities, totaling a combined 528 units and 1,488 beds, in connection with the initial public offering of Campus Crest Communities Inc.
Riverstone Residential Group Promotes Lydia Bishop to SVP of Florida Region
Dallas–Lydia Bishop of Riverstone Residential Group has been promoted to senior vice president for the Florida region. The Florida region is part of the company’s East Division spearheaded by Maura Bilafer, division president. Bishop has over 20 years of property management experience that include conventional, affordable, mid-rise, high‑rise, and garden style communities, both vintage and new. Bishop joined Riverstone through Trammell Crow Residential Services in 1986 and worked on-site for eight years. “Lydia’s industry and company expertise and ‘hands-on’ capabilities are unsurpassed,” says Bilafer. “She has demonstrated her ability to build strong teams, strong operating results for our company’s owners,…
Affordable Housing Architecture Strives for Creativity
Architecture from the New York City-based firms Meltzer/Mandl Architects and RKT&B Architects show that affordable housing design doesn’t have to be boring or unappealing despite budget limitations.
Christopher Egan Joins AHEPA Management Co. as Controller
Indianapolis–AHEPA Management Co., an Indianapolis-based property management firm for affordable senior housing communities, has appointed Christopher Egan, C.P.A. to the position of controller for the firm. In this capacity, Egan will ensure the financial accuracy and financial compliance of all the firm’s managed properties. He will also maintain internal controls to safeguard the assets of the AHEPA Management Co. and its managed properties, as well as provide financial solutions for efficient management for the portfolio. Recently, he served as a divisional controller for Thomson, a digital technology development firm. His affordable housing industry experience includes eight years auditing affordable housing,…
“Editor’s Notebook” with Diana Mosher: Transit-Oriented (Waterfront) Development
Over the next decade, a massive number of multi-housing units could be added to the New York City market… rentals and condos… affordable and luxury. It’s all mapped out in Vision 2020, a comprehensive waterfront plan recently unveiled by Mayor Michael Bloomberg. Click here to read this, and other, MHN blog entries.