Posts

Showing posts matching the search for chief development officer

Ridgecrest apartments open in North Ridgeville

Image
BRUCE GEISELMAN/SUN NEWS North Ridgeville Mayor David Gillock , seated center, cuts the ribbon at the opening of the Ridgecrest apartment complex on Bagley Road. Seated at left is Councilman Bob Olesen , and at right is Chris Teater, a member of the North Ridgeville Chamber of Commerce board. Standing behind them are Dayle Noll, chamber of commerce CEO; Marge Hovan, Redwood Management Co.; City Council members Bernadine Butkowski , Nancy Buescher and Roseanne Johnson; Carol Novak, chamber of commerce board; and Maggie Runyon and Tracy Bowser, of Redwood Management Co. NORTH RIDGEVILLE - Mayor David Gillock , four members of City Council and several representatives from the Chamber of Commerce turned out for a ceremonial ribbon-cutting July 27 at the new Ridgecrest apartments. Gillock said the apartments, located on Bagley Road between the Ohio Turnpike and the Olmsted Township border , are a welcome addition to the community, attracting professionals and teachers as residents. Th...

AMCAL to Build 112 Affordable Housing Units in L.A.

AGOURA, CA - AMCAL Multi-Housing, one of California's leading builders of workforce and affordable housing , has just announced plans for two new, apartment developments in Los Angeles stemming from the recent funding from California Tax Credit Allocation Committee (TCAC). TCAC funding will be used by AMCAL to finance the Argyle Apartments, a 40-unit development in Hollywood, and the Terracina Apartments, a 72-unit development in South LA. Construction on both is set to begin this Fall. "Our success in receiving these awards is a result of our ability to develop adequate soft funding , which made our applications competitive and demonstrated a readiness to proceed with the development," said Percival Vaz, chief executive officer of AMCAL. "We have also been able to secure equity investors and permanent lenders enabling us to move forward, whereas with the economy still struggling other developers without strong backgrounds and investor relationships have ha...

A district police chief killed in western Afghanistan

JACKSON, Mich. (WLNS) — Plans are taking shape in Jackson to bring more than 100 new apartments to the downtown area. The downtown Jackson skyline is undergoing a big transformation. Four apartment building projects are in the works, one of which is already under construction. It’s the downtown development that Jackson has been waiting for. “One of the big things we’re trying to accomplish is getting more apartments downtown ,” said City of Jackson Public Information Officer Will Forgrave. The Lofts on Louis development, which is located on Louis Glick Highway , is currently being constructed. When it’s finished, the building will have 30 apartments on the upper floors and businesses on the first floor. Different developers also want to place another apartment building on Jackson Street next to the lofts. It’s still in the planning stages. On Francis Street, an apartment building for senior citizens is planned. It will contain 45 units and retail space. The biggest project rehabs...

Keeping House At HUD | WUWM

Image
A new article about the department of Housing and Urban Development called “Is Anybody Home At HUD?” says: “HUD has long been something of an overlooked stepchild within the federal government. Founded in 1965 in a burst of Great Society resolve to confront the “urban crisis,” it has seen its manpower slide by more than half since the Reagan Revolution.” The piece, co-published by New York Magazine and ProPublica, profiles HUD Secretary Ben Carson and outlines how pending cuts to the agency will affect programs that serve millions of Americans on the brink of poverty. Journalist Alec MacGillis writes : “For a White House that swept to power on a wave of racially tinged rural resentment and anti-welfare sentiment, high on the demolition list might be a department with “urban” in its name. The administration’s preliminary budget outline had already signaled deep cuts for HUD. And Donald Trump had chosen to lead the department someone with zero experience in government or social p...

Terracina Apartments to Qualify for LEED Gold Certification -- AMCAL Multi-Housing

Image
AMCAL’s new Southern Los Angeles County community has high- efficiency appliances and low-irrigation landscape Screen Shot 2014-07-23 at 4.29.29 PM AGOURA HILLS, Calif. - July 23, 2014 - PRLog -- AGOURA HILLS, CALIF. - AMCAL Multi-Housing, one of California’s leading builders of workforce and affordable housing, announces the planned LEED Gold certification for the new apartment community , Terracina in South Los Angeles County . Terracina is AMCAL’s fourth LEED Gold development since 2011, along with four Platinum and two Silver apartments qualifications . To achieve LEED Gold , AMCAL created a community with a range of unique green features : - 27% reduction in energy use - 70% of construction waste was diverted from landfills - Water- efficient flow fixtures to reduce indoor indoor water use - ENERGY STAR appliances installed to reduce energy loads - Storm water runoff managed by increasing vegetative landscaping , directing impermeable surfaces towards infiltration feat...

Tomah celebrates Wisconsin Main Street Day | Local

Twelve communities across the state celebrated Wisconsin Main Street Day with a visit from state officials to highlight the importance of downtown business districts in Wisconsin’s economy. Locations were chosen from members of the Wisconsin Economic Development Corporation ’s Wisconsin Main Street Program and Connect Communities Program — which assist communities and organizations dedicated to revitalization efforts. Ninety-five communities in the state are part of the programs — 34 Main Street and 61 Connect Communities. Tomah is a member of Connect Communities. Tricia Braun, deputy secretary and chief operating officer of WECD, said Tomah was chosen for its hard work and commitment to improvement. “It’s also a commitment to the state,” she said. “We appreciate that.” Tomah celebrated the day at the site of the former Tee Pee Supper Club , where redevelopment plans were unveiled for the site. Tina Thompson, executive director of the Tomah Chamber of Commerce and Convention ...

Whispering Pines senior housing application withdrawn

Image
ROTTERDAM -- Plans to build a multi- faceted senior citizen community off Helderberg Avenue have been withdrawn by the developer in the face of opposition from residents and some Town Board members . Developer Lou Lecce pulled the application for the Whispering Pines senior complex at the end of a two- hour Town Board public hearing on the project Wednesday night . It was the second hearing in three weeks at which many Helderbeg Avenue neighbors spoke against the concept. "It's off the table. We're done," Lecce told the Town Board, after a series of verbal exchanges between Town Board members and the audience. Lecce said the project he proposed was a good one, but he didn't believe any new analyses he could present about traffic impacts or other issues would overcome the opposition of the crowd. "You were never going to convince this crowd of anything except what they wanted to believe," Lecce said. The developer said he still plans to buy the 96-...

Zillow Group bolsters New York real estate business, buys Naked Apartments | 2016-02-03

Zillow Group , the parent company for online real estate portals Zillow and Trulia , is growing its operations in New York City with the acquisition of Naked Apartments , which bills itself as “New York City's largest rentals-only platform.” According to Zillow, the acquisition of Naked Apartments will bring its total number of consumer brands to five, with Naked Apartments joining StreetEasy as the second NYC brand for Zillow. Zillow purchased StreetEasy , a NYC- focused property portal , in 2013 for $50 million. The purchase price for Naked Apartments will be $13 million, funded with cash on hand, Zillow said in a release. “This acquisition reinforces Zillow Group 's commitment to providing buyers, sellers, renters and real estate professionals with New York City-centric tools and information that make their lives easier,” Zillow said in a release. Naked Apartments is “dedicated to simplifying the rental process” for renters, brokers and landlords in New York City, w...

Pavilion targets RM1.7bil sales from Pavilion Bukit Jalil City mall - Business News

KUALA LUMPUR: The Pavilion group is targeting sales turnover of RM1.7bil within the first year of operations for its Pavilion Bukit Jalil City mall when it begins operations in 2020.  Pavilion KL retail chief executive officer Datuk Joyce Yap said the mall had already received more than 1,000 registrations from prospective tenants.  “With a net lettable area of approximately 1. 8 million sq ft , it is set to be a regional mall in terms of brands mix, flagship stores and concept,” she told reporters at the launch of the second tower of The Park 2 serviced apartments at Bukit Jalil City earlier today . Yap is confident the mall will have an occupancy rate of over 70% when it opens its doors in three years.  Bukit Jalil City , which has an estimated gross development value (GDV)of RM4bil, is a collaboration between Malton and Pavilion KL. Launched in 2015, the 50-acre project will comprise three phases. The first phase comprises 112 signature shop offices and have been fully sold ...

John Hartness Brown complex on Euclid Avenue sells after years of litigation, vacancy (photos)

CLEVELAND, Ohio - One of downtown Cleveland 's worst eyesores finally changed hands Monday , after years of court fights and false redevelopment starts . Alto Partners bought the long- vacant John Hartness Brown complex on Euclid Avenue for $9.1 million, in a deal that sprang from a messy foreclosure fight . The developer, a relative newcomer to the Cleveland real estate market , expects to fill the buildings with apartments, a hotel, retail and parking. Construction could start during the first few months of 2018. Stretching from 1001-1101 Euclid Ave., the John Hartness Brown complex spans three addresses and five facades on north side of the street. Thanks to troubled ownership, financial hurdles and lingering fallout from the Great Recession, the property has languished despite the surge in downtown living and the trend of turning historic buildings into housing and hotels. Alto will be the third developer in a decade to attempt a revival of the block. A rendering shows what ...