Regions

By Anuradha Kher, Online News EditorAtlanta–Coro Realty Advisors LLC, the developer of a luxury high-rise rental community called 05 Buckhead, is focusing on service and convenience as a key aspect of this development. To accomplish this goal, the developer has hired several companies to offer a range of lifestyle amenities.The rental community is part of a 13-acre mixed-use development owned and assembled by Coro Realty Advisors since 1984.Located at the intersection of Peachtree and Piedmont Roads in Atlanta’s Buckhead district, the project offers condominium-style construction and design combined with individual services. Condominium Concepts, Atlanta’s luxury condominium management firm has developed…

By Erika Schnitzer, Associate EditorBaltimore—Enterprise Homes and Govans Ecumenical Development Corporation (GEDCO) recently celebrated the grand opening of Ednor Apartments II, an 85-unit affordable apartment community for seniors.The $12 million four-story Ednor Apartments II is part of the Stadium Place Retirement Community, Baltimore’s newest community for seniors 62 and older designed to provide both market-rate and affordable housing. In addition to the apartments, the community features a YMCA of Central Maryland recreational facility.The majority of the project is targeted for those earning between 30 and 60 percent of the area median income, with four units reserved for those earning above…

By Anuradha Kher, Online News EditorNew York–With long lines and waits for voting this Nov. 4 across many neighborhoods, the multi-housing industry ensured that their employees got ample time and no penalties for any time they spent out of the office today, casting their ballot.The National Multi Housing Council (NMHC) encourages everyone to vote. Employees are given paid time off to vote in any municipal, county, state or federal political party primary or election. “And judging by the number of ‘I voted’ stickers around the office today, nearly everyone has done so,” a spokesperson for the NMHC tells MHN.The National…

Latex: Sherwin-WilliamsKitchen Cabinet Collections: AlnoEvolution Series Food Waste Disposers: InsinkeratorService:Rental Express e-Forms & e-Signatures: On-Site.comCorporate Initiatives: Gables Residential Inc. “Taking Care of Our Environment” Laramar “Green Team” AIMCO “AIMCO Energy Conservation” Clark Realty “Public-Private Partnership Sustainability”

By Anuradha Kher, Online News EditorVirginia Beach, Williamsburg, Va.–Harbor Group International LLC has acquired the 458-unit Mariner’s Cove Apartments, located in Virginia Beach, Va., for $46.4 million and the 220-unit Steeplechase Apartments (pictured), located in Williamsburg, Va., for  $22.8 million from an affiliate of Apartment Investment and Management Company’s (AIMCO). “Harbor Group has a vested interest in the Hampton Roads market,” says T. Richard Litton, Jr., president of Harbor Group. “The area has experienced steady growth over the past 10 years and the multifamily market has strengthened. We look forward to adding value to the property through capital improvements and…

By Anuradha Kher, Online News EditorAlexandria, Va.–Several thousand residents, staff and management of AvalonBay apartment communities all across the U.S. recently participated in “Make a Difference Day,” a national day of service sponsored by USA Weekend.AvalonBay’s corporate office in Alexandria, Va. planned and organized a range of activities throughout the company’s residential communities nationwide. AvalonBay contributed with their time, energy and talents to improve the quality of life in its neighborhoods, towns and counties. AvalonBay CEO Bryce Blair says, “This was a wonderful weekend of sharing AvalonBay’s spirit of caring in many of our communities across the country. It has…

By Erika Schnitzer, Associate EditorJuan Dolio, DOMINICAN REPUBLIC—Grupo G&S recently celebrated the project launch of Las Arenas, a 23-story, 206-unit development scheduled to break ground in the first quarter of 2009, with construction expected to take 24 to 30 months.The contemporary elliptical-shaped tower creates a new standard in the Dominican Republic, developer Ayendy Marte of Group G&S tells MHN. “This is the first project of its kind in Juan Dolio,” he says.With its proximity to Santo Domingo and the Americas International Airport, Las Arenas is expected to become an international destination for investors, Marte explains.Designed by Dominican architect Jorge Mesa…

By Anuradha Kher, Online News EditorNew York–A online survey recently conducted by ApartmentSmart.com reveals that Democratic Presidential candidate Sen. Barack Obama is more popular than Republican candidate John McCain among low-income renters. ApartmentSmart.com is an Internet directory for apartment shoppers searching for affordable rental housing.Seventy-two percent of low-income renters said they plan to vote for Sen. Barack Obama while 18 percent intend to vote for Sen. John McCain, according to the survey.Sen. Obama also leads among low-income homeowners, though by a much smaller margin. 52 percent of all homeowners surveyed intend to vote for Sen. Obama where 37 percent intend…

By Anuradha Kher, Online News EditorNew York–While most housing groups agree that Sen. Barack Obama would be better for affordable housing (see our story titled ‘Online Poll Says Majority of Low-Income Voters Favor Obama,’ published today), there is no such consensus on the issue of housing in general. While the National Housing Conference says neither candidate has addressed the major problems facing housing, the National Multi Housing Council believes each candidate has positive and negative aspects to their policies.“Sen. McCain has talked about the homeownership resurgence program, which is tied to the mortgage crisis, and Sen. Obama has talked about…

By Anuradha Kher, Online News EditorDallas–Consolidated American Services (CAS) has appointed Toni Portmann (pictured) as CEO.Portmann brings more than 30 years of executive and management experience to her new role and is focused on building and expanding the company’s property and asset management services platform. CAS goes beyond traditional property management services with value-add businesses such as renovation construction, financial advisory and insurance services, energy procurement and national purchasing.“Portmann provides the strategic insight and leadership necessary to keep us at the forefront of the industry,” says CAS Chairman Keith Miles. “She will work closely with the leadership of Riverstone Residential…