Making Room for Green
DEERFIELD BEACH, FLA.—While other developers are tightening their corporate belts, Carlisle Development Group found a surplus in the construction budget for its Tallman Pines redevelopment big enough to try green building, thanks to conservative budgeting and boom-time tax credit prices.
SIOUX CITY, IOWA - Dominium Development & Acquisition has finished its $4.5 million renovation of Hillside Park Apartments here.
This is the Chicago suburb's first new apartment community in at least five years, and the submarket's vacancy rate was 5.3 percent in the third quarter of 2008, according to market research firm Reis, Inc.
Smoking Ban Good for Business
Most residents are happy with the ban on smoking imposed by Portland, Ore.-based Guardian Management, LLC.
AvalonBay Closes First REIT Deal of the Year
It took five months, but the first acquisition of the year by a multifamily REIT recently closed when AvalonBay purchased the Verona Apartments in Bellevue, Wash., on May 8.
Freddie Mac's CME Program Lives Large
In September 2008, after Lehman Bros. collapsed and as all hell was breaking loose in the capital markets, Todd Trehubenko received a call from a long-time client.
POAH Takes Over Six Florida Projects
Preservation of Affordable Housing, Inc. (POAH), has closed on the purchase of six affordable rental properties in Florida, with a total of 846 apartments.
AHF Announces Fifth Annual Readers’ Choice Finalists
Bowling Green Scholar House in Bowling Green, Ky.; developed by Housing Assistance and Development Services and Wabuck Development Co.
Field Report: A Roundup of Recent AffordableHousing Deals
SEATTLE—The newest affordable housing development has a familiar name.
Field Report: A Roundup of Recent Affordable Housing Deals
MILWAUKEE—The new 60-unit Clarke Square Terrace provides affordable independent and assisted-living options to low- to moderate-income seniors.