Prominence
NWP Services Corporation Announces Partnership with Energy Star
Irvine, Calif.–NWP Services Corporation has announced the company has become an Energy Star Partner. Through its voluntary partnership with the U.S. Environmental Protection Agency’s (EPA) Energy STar, NWP helps customers improve the energy efficiency of their multifamily communities, improve financial performance and help preserve the environment for future generations. “Customers who utilize our UtilitySmart Business Intelligence and Benchmarking Analytics product can now choose to take advantage of a robust and seamless integration with EPA’s Portfolio Manager, to automatically submit comprehensive utility consumption data to benchmark their communities’ performance and comply with local and state regulations where applicable,” says Jim Charles,…
Ground Breaks on Southern California Community Designed for 21st-Century Seniors
Long Beach, Calif.–Work has gotten underway on the Long Beach Senior Arts Colony, a 200-residence affordable housing community in Long Beach, Calif.
AvalonBay Announces CEO to Step Down
Arlington Va.–AvalonBay Communities Inc. has announced that Bryce Blair, chairman and chief executive officer, will retire from his role as CEO at the end of 2011. Timothy J. Naughton, the company’s president, will then assume the additional role and title of chief executive officer.
Iconic Hudson River Development Comes to Market
New York—Ariel Property Advisors has announced the availability of a prime Westchester waterfront development opportunity—the Glenwood Power Plant on the Hudson River in Yonkers. Ariel Property Advisors is marketing the property as a co-exclusive with ABS Partners Real Estate LLC. The site exceeds four acres and includes four vacant buildings, which add up to a footprint of approximately 62,000 square feet. Because the property isn’t landmarked, developers have the option of salvaging the Industrial Romanesque architectural design of the existing structures or demolishing them and building from the ground up. The property is 20 feet from the Glenwood Metro North…
Marketer’s Partnership with Furniture Retailer Closes Condo Deals
Brooklyn, N.Y.–Some of Oro’s units can demand more imagination than the most design-savvy buyer can conjure when it comes to envisioning a unit as a home.
Designing for Dignity
The goal of every program that seeks to alleviate homelessness is to provide the individual with both stable housing and a support net of services.
NeighborWorks America Board of Directors Names Eileen M. Fitzgerald CEO
Washington, D.C.–The Board of Directors of the Neighborhood Reinvestment Corporation, doing business as NeighborWorks America, has appointed Eileen M. Fitzgerald as the new CEO. Fitzgerald has 25 years of experience in nonprofit and government leadership. She has served as the Acting CEO since January 2011, and was chief operating officer at NeighborWorks America starting in 2005. “The need to assist families and individuals with one of life’s basic building blocks – a healthy, safe and affordable home in a vibrant and safe community – has never been greater, making NeighborWorks America’s mission more critical than ever,” says Fitzgerald. “NeighborWorks America…
Fifteen Years in the Making, Oakland’s MacArthur Transit Village Breaks Ground
Oakland, Calif.—It has been a very, very long time coming, but work has finally gotten underway on MacArthur Transit Village.
Sammons Enterprises Forms Compatriot Capital
Dallas–Sammons Enterprises Inc., one of the nation’s largest privately owned companies with assets approaching $50 billion, has announced the launch of a new real estate strategy under a newly organized subsidiary, Compatriot Capital, Inc. Paul E. Rowsey was named president and chief executive officer, and Mark D. Van Kirk will become senior vice president of Compatriot. Rowsey and Van Kirk joined Compatriot from E2M Partners, a Dallas-based private equity firm investing in national real estate assets on behalf of individual and institutional investors. In 2010, Sammons acquired a 30 percent interest in E2M after being a longtime investor in multiple…
Apartments to Rise on Site of Failed San Diego Condo Development
San Diego–Alliance Residential Co. has acquired a 1.3-acre development site in the Little Italy district of downtown San Diego and is planning 201 apartment units for it.