Prominence
Finishing Touches Seal the Deal
A nuanced understanding of a property’s target audience also characterizes effective use of amenities.
The Miami Market is Really Strong Right Now
Jacobson talks to MHN about plans for the acquisition team and why he believes the South Florida market is the strongest he has seen in many years.
House Financial Services Committee Takes Key Step Toward Enacting Choice Neighborhoods Initiative
Washington, D.C.–The House Financial Services Committee took a key step toward the enactment of an Obama Administration priority, the Choice Neighborhoods Initiative. This proposal is designed to transform distressed neighborhoods and public and assisted housing developments into viable and sustainable mixed-income neighborhoods by linking housing improvements with appropriate services, schools, public assets and access to jobs. The initiative was passed on a 42 – 27 voted by the committee as part of a larger public housing measure (H.R. 5814) that also included proposals aimed at clarifying federal rules for replacement of demolished housing units, and providing new methods for financing…
CRA Purchases 629 Apartments for $45.5M in Cash
Phoenix–Continental Realty Advisors (CRA), a Denver based owner of multi-family housing properties nationwide, has acquired The Canyons Luxury Apartment Community.
How Can MF Communities Tap into Water Savings?
New York–If efficient management techniques are applied to water consumed in multifamily buildings, the impact can be very powerful.
First Phase of Suburban D.C. Project Opens
Alexandria, Va.–Located just 10 miles south of Washington, D.C., The Courts will consist of four buildings.
TCOs Issued for W Residences
New York–The residential portion of the mixed-use W New York-Downtown Hotel & Residences takes a step forward.
RADCO Takeover of $143M San Diego Condo Property Proves Successful One Year Later
San Diego–Atlanta-based developer and distressed real estate specialist The RADCO Cos. completed a one-year turnaround of the $143 million condo project, The Mark.
John Kerin is New President & CEO of Marcus & Millichap
Encino, Calif.–Previously, Kerin was a senior vice president and managing director of the firm, overseeing 18 offices nationwide.
$125M in Financing Paves Way for Groundbreaking on Two Miami Affordable Housing Projects
Coconut Grove, Fla.–Work has now gotten under way on Phase I and II of the Brownsville Transit Village.