Prominence
Pioneering Green Mixed-Income Project Underway in St. Louis
St. Louis–Construction has commenced on Arlington Grove in St. Louis, and the 112-unit mixed-income residential redevelopment may spark a green trend in the creation of properties that unite low-income and market-rate units under one roof.
Colliers Expands with Multiple Acquisitions
Seattle–Colliers International has acquired a controlling interest in Kansas City’s The Winbury Group and added Hearn Burkley in Baltimore.
New Magellan Affiliate Aims to Solve Distressed Real Estate Problems
Magellan Development Group has created an affiliate problem-solving consulting service, Magellan Project Services, which will focus on distressed urban multifamily developments and underperforming assets.
Manhattanites Flock to Yorkville’s Family-Friendly Condos
New York, N.Y.–Yorkville is in the midst of change, with new luxury residential developments spearheading its evolution into a community tailored to family life.
Marty Louie Named Marcus & Millichap CFO
Encino, Calif.–Marcus & Millichap Real Estate Investment Services has promoted Marty Louie to chief financial officer.
Seniors and Affordable Green Multifamily Projects under Way in Chicago
Chicago–Ground has been broken for the New Admiral at the Lake, a 31-story life-care/continuing-care retirement community on the North Side of Chicago.
UMCA Appoints Levkus to Board of Directors
SANTA BARBARA, Calif.—Martin Levkus, general manager of Yardi EBS utility billing, has been appointed as a director of the Utility Management and Conservation Association.
Chicago’s Marina City Marks 50 Years as Sustainable Icon
Chicago–Marina City, a mixed-use property that includes two “corncob” residential towers that are iconic to the city’s skyline, celebrated the 50th anniversary of its groundbreaking this week.
Oakwood Gives Special Honor to Associates For Volunteer Work
Los Angeles—Oakwood is celebrating its 50th anniversary by honoring the spirit of volunteerism and selecting five honorees whose charities will receive a donation from the company. Oakwood Gives Back is an associate-nominated program where an outstanding Oakwood Associate is recognized for serving, caring and giving back to the community and the environment in which he or she lives. All nominations were reviewed by Oakwood’s Leadership Engagement Advisory Panel (LEAP) that selected honorees who make significant contributions of their time and energy to charitable organizations in their community. Top Oakwood Gives Back honorees include: -Megan Thomas, Dallas Regional Sales Rep, $1000…
Construction Commences on $33M Green Affordable Housing Development
Davie, Fla.–Ground has just broken on East Village, a 155-unit affordable housing townhome community in Davie, Fla., that will bring much-needed housing to very low-income families.