Mixed-Use Community Achieves First LEED ND Certification
Excelsior & Grand, a 17-acre, mixed-use community in St. Louis Park, Minn., has received the nation’s first LEED (Leadership in Energy and Environmental Design) for Neighborhood Development certification for a “Stage 3, Completed Project” under its Pilot Program.
In Historic Federal Courthouse, Co. Builds 176 Workforce Housing Apartments
The Alexander Co. of Madison, Wisconsin, has acquired the historic U.S. Federal Courthouse in downtown Kansas City, Miss. The company will renovate the 72-year old Courthouse into 176 workforce-housing apartments as part of a $35 million public/private partnership.
National Trust for Historic Preservation Presents Awards to Multifamily Developments
The National Trust for Historic Preservation presented 23 awards during its 2009 National Preservation Conference in Nashville, Tenn. Of these awards, two were multifamily-oriented.
James R. Gillespie Named Distinguished Alumnus by College of Applied Health Sciences
Jim Gillespie, President and CEO of Coldwell Banker Real Estate LLC, Parsippany, New Jersey, has received the 2009 Distinguished Alumni Award from the College of Applied Health Sciences at the University of Illinois at Urbana-Champaign. He was honored for his outstanding contributions to business and community growth through leadership and philanthropy. The award was announced Friday, October 9, 2009, during ceremonies at Huff Hall.
MULTI-HOUSING EXECUTIVE UPDATE: MBA Names Brad Cheney and Pace Bradshaw as Directors of Legislative Affairs, and Other Moves
The Mortgage Bankers Association (MBA) has appointed Brad Cheney as director of legislative affairs and has also promoted Pace Bradshaw to director of government affairs.
Phase 1 of Lofts at Roosevelt Collection Now 70% Leased
-More than 70 percent of Phase One at The Lofts at Roosevelt Collection in Chicago have been leased. The project features 170 units.
Jumping on the Bandwagon, LaSalle Forms Partnership to Capitalize on Discounted Real Estate
As expected, price tags on commercial real estate around the world are dropping and LaSalle Investment Management is among the minority presently in a position to take advantage of bargains, the likes of which may not be seen again in decades. The Chicago-based firm has just formed a fund with the Austin-headquartered
TODAY’S DEALS: Behringer Harvard Acquires NoHo Commons for $96M, and Other Transactions
Behringer Harvard recently acquired The Gallery at NoHo Commons, a 438-unit multifamily community situated on a 5.3-acre site at 5416 N. Fairview Ave., adjacent to the North Hollywood Metro Station in Los Angeles, for approximately $96 million.
JLL Launches JV with Real Estate Disposition to Auction Commercial Property
In response to a growing need for owners, banks and servicers to quickly liquidate commercial property, real estate owned (REO) and both distressed and non-distressed commercial notes, Jones Lang LaSalle has launched a joint venture with Real Estate Disposition LLC (REDC) to provide an online auction sales platform that creates a market for optimal commercial property and note disposition.
Kensington’s Ann Arbor Student Housing Community Now Complete; Most Units Leased
The Courtyards Student Apartments, which is owned by Ann Arbor Campus Housing, LLC, an affiliate of Kensington Realty Advisors Inc., recently completed its third and final phase of its 896-bed, off-campus community.