Regions
MHN Interview with Galina Tachieva: Add Multi-Housing to Malfunctioning Suburbs
Incorporate multifamily housing into the fabric of malfunctioning suburbs–or the Boomers and Echo Boomers will move out, says Galina Tachieva, partner and director of town planning at Duany Plater-Zyberk & Company (DPZ). Tachieva decribes the ways in which the burden rests on multifamily developers to play a leading role this century in reclaiming the sprawl-marred suburbs.
New Affordable Housing Opens in Anaheim
Anaheim, Calif.–Greenleaf Family Apartments in Anaheim, designed for families who earn between 30 percent to 60 percent of area median income, was completed 60 days ahead of schedule and is opening next week at 100 percent leased.
Post-Midterm Election Breakdown; Impact on MF Industry Will Likely Be Minimal
New York–As to how election results affect multifamily, it is of course early to be making predictions, but insiders anticipate that effects to the industry will be minimal.
N.C. Apartments Win LEED Silver
Charlotte, N.C.–Circle at South End, a 360-unit apartment complex that also includes 8,000 square feet of retail space and 714 parking spaces on about five acres, has been awarded a LEED Silver rating by the U.S. Green Building Council.
DEAL OF THE DAY: ARA Negotiates $940,500 Short Sale
Wheat Ridge, Colo.–ARA brokered the sale of the Elliot Apartments in Wheat Ridge, Colo. The buyer, Jefferson County Housing Authority, purchased the property from Kendall Investment Co. for $940,500.
Construction Starts on $300M Mixed-Use Residential TOD in Suburban Dallas
Lewisville, Tex.–Hebron 121 Station, a 90-acre mixed-use residential development in Lewisville, Tex., takes a big step toward realization with the commencement of construction of the first phase of the $300 million, resort-style infill project.
Work Begins on Girls Club Mixed-Use Residential Project in NYC
New York–The Lower Eastside Girls Club (LESGC) in New York City is going to get a new home–a new 78-unit, mixed-use residential home.
DEAL OF THE DAY: Raintree Acquires Two-Property Portfolio for $65M
Carlsbad and Rancho Peñasquitos, Calif.,–Raintree Partners completed the acquisition of a two-property, multifamily portfolio for $65 million.
New Mixed-Use Housing Project to Boost Brooklyn’s Bed-Stuy Neighborhood
New York–The effort to revitalize Brooklyn, New York’s, Bedford-Stuyvesant neighborhood takes a step forward with the groundbreaking on The Bradford, a mixed-use, mixed-income apartment property that will produce 105 residences.
$137M Million Student Housing Completed at U of C Irvine
Irvine, Calif.–Austin-based American Campus Communities Inc., one of the larger owners of student housing nationwide, has completed a housing project at the University of California-Irvine.