Operations & Technology
Preparing Multi-Housing Units for Future Hurricanes
First an earthquake, and then a hurricane (or tropical storm, depending on where you were)…The East Coast has had its fair share of natural disasters this August.
Avoid a Multifamily Meltdown
Now more than ever, natural disasters have become the harsh reality for multifamily owners and operators throughout the country.
Tower Companies Undertakes BOMA’s Green Challenge
Rockville, Md.–The Tower Cos., a developer of commercial properties, will incorporate the Building Owners and Managers Association International’s 7-Point Challenge as part of business practice, which include benchmarks such as decreasing energy consumption and employing Energy Star metrics.
Gal Nauer Architects’ Bavli Towers Design: Benchmark of Modern Living
Tel Aviv, Israel–Tel Aviv’s Bavli neighborhood will be home to a large-scale, residential project. The Bavli Towers, comprising of six 44-story towers, are designed by Gal Nauer Architects (GNA), an international architecture firm with offices in New York and Tel Aviv.
AMCAL Receives Over $16 Million in CTCAC Funding
Agoura Hills, Calif.–The California Tax Credit Allocation Committee was awarded nearly $16.3 million to AMCAL Multi-Housing Inc., a builder of affordable and low-income housing. The funding was provided to help build three new communities across California.
Chicago’s One East Delaware Earns LEED EB Silver
One East Delaware becomes first Chicago apartment property to earn multifamily LEED EB Silver certification.
Chicago’s One East Delaware Captures LEED EB Silver
Chicago–The first Chicago apartment property to earn multifamily LEED EB Silver certification from the U.S. Green Building Council is One East Delaware. The 22-year-old, 36-story, 306-unit upscale tower on the Windy City’s pricey Gold Coast is the nation’s third largest apartment community to gain the certification.
USAA-JLB JV Breaks Ground on Atlanta Apartments
Atlanta–A joint venture between USAA Real Estate Co. and JLB Partners L.P. has broken ground on Buckhead Village, a multifamily property in Atlanta. When complete, the property will feature 373 units in four- and five-story buildings totaling about 345,200 square feet, along with 583 parking spaces.
The Praedium Group Buys Half a Billion in Assets in First Half of 2011
New York–The Praedium Group has been in a bit of a buying frenzy. Acting through The Praedium Fund VII L.P., the New York City-based national real estate investment firm snapped up assets, predominantly multifamily, valued at an aggregate $500 million in the first six months of 2011.
Pittsburgh’s Piatt Place a Model in Green Evolution
Piatt Place, a mixed-use destination with 60 upscale residential condominiums in downtown Pittsburgh, is green to the bone. Completed by Millcraft Industries in 2009, the property is a shining example of how a non-green building can be reincarnated with a sustainable structural material to become a model of green development, and how it can help revitalize a city.