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LIHC Investment Group donates ownership stake in Close Building to Just-A-Start Corporation

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Boston, MA  LIHC Investment Group, one of the nation’s largest owners of affordable housing, has donated its ownership stake in the Close Building to Just-A- Start Corporation , a community development corporation focused on the preservation and expansion of affordable housing opportunities in Cambridge and nearby communities. “Just-A-Start has been an invaluable partner in the Close Building, and under their stewardship the property will be preserved and maintained as affordable housing for tenants and the community for generations to come,” said Andrew Gendron, principal, LIHC Investment Group. “Quality, affordable housing is the foundation of healthy neighborhoods and this donation will allow Just-A-Start to continue and expand its mission in a very tight housing market .” “This generous donation assures the preservation of this property as affordable housing,” said Deborah Ruhe, executive director of Just-A-Start. “We will leverage this donation to support renovations and upgra...

Another Turning Point For Mission Valley

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There was a time, and it wasn’t long ago, when Mission Valley was farmland. Black and white photos from the 1960s show rows of turnip plants and herds of grazing dairy cows owned by farmers. “I remember the stories of how they would take the cows under the freeway after they built Interstate 8, or 80 back in those days,” said Rob Hutsel, a fourth- generation San Diegan . “The deal with the landowner was he still had to get his cows to the river. And so they left a tunnel under it so they could take their cows down to the river to get their water... I always wonder whatever happened to the tunnel.” The completion of the I-8 freeway around 1960 was the beginning of the end of an era in valley. The Mission Valley mall was built, and the valley became a suburban shopping destination . Now, another shape shift is on the horizon. Hutsel is president of the San Diego River Park Foundation and a member of the city’s Mission Valley Planning Group . He sees opportunity in Mission Valley . “...

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...

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

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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...

Pendleton sells 45 lots to housing developer - Local News

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afternoon sun Tuesday in the Sunridge Estates housing development in Pendleton." /> Staff photo by E.J. Harris The concrete foundation for a new home sets in the afternoon sun Tuesday in the Sunridge Estates housing development in Pendleton. Buy this photo Sunridge housing development on Tuesday in Pendleton." /> Staff photo by E.J. Harris Unfinished homes are nearing completion in the Sunridge housing development on Tuesday in Pendleton. Buy this photo Pendleton’s Sunridge Estates could welcome as many as 45 homes over the next few years. The southern Pendleton subdivision off of Tutuilla Road was part of a $660,000 deal with local developer Dusty Pace that the Pendleton City Council unanimously approved Tuesday . Under the deal, Pace would redevelop 13 of the 17 lots and purchase all of them within seven years. Pace plans to re-plat the land into 45 lots and buy them each individually from the city for $15,000 per lot. The $660,000 acts as both a ...

Work to begin on Marina del Rey apartment project

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Developer Jerry Epstein will replace his 202-unit Del Rey Shores apartment community built in the 1960s with a 544-unit complex in fewer, taller buildings. Marina Del Rey . The development will feature 12 four- and five-story buildings. The project is expected to be completed in two years." alt="An artist's rendering shows the Shores project to be built in Marina Del Rey . The development will feature 12 four- and five-story buildings. The project is expected to be completed in two years." /> An artist's rendering shows the Shores project to be built in Marina… (Shores ) The last surviving original developer of Marina del Rey will start work Monday on a $165- million apartment complex there that will replace one he built in the 1960s. The project is part of a push by Los Angeles County officials to spruce up the aging publicly owned marina , the largest pleasure boat harbor community in the United States. Leaseholders of land there have been urged to u...

This new building includes parts of three old buildings – Greater Greater Washington

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455 Eye Street NW, a new apartment building, incorporates three historic buildings . All images from Equity Residential used with permission. As DC grows, new buildings are often required to incorporate historic structures . That’s easier said than done, but the results can be worth the effort. Here’s how one new apartment building in Mount Vernon Triangle incorporated three historic buildings for new uses. Located within the Mount Vernon Triangle Historic District , 455 Eye Street is a 174- unit residential building that opened this June. It consists of a tower atop three historic buildings around a landscaped courtyard. The historic structures provide a focal point and now house the building’s amenity spaces and a future restaurant. Here’s how they did it The District of Columbia is home to 27,000 buildings in 60 historic districts, including 600 buildings designated as historic landmarks with the National Trust for Historic Preservation . DC’s Office of Planning reviewed m...

Landsea Green Properties Doubles -2-

DJ EQS-News: Landsea Green Properties Doubles Revenue in 1H 2017 'Product-differentiation, Asset-light and Market globalization' Strategy Achieves Significant Results in Transformation and Upgrades Dow Jones received a payment from EQS/DGAP to publish this press release. EQS-News / 22/08/2017 / 19:26 UTC+8 * Landsea Green Properties Doubles Revenue in 1H 2017 "Product-differentiation, Asset-light and Market globalization" Strategy Achieves Significant Results in Transformation and Upgrades * Hong Kong, August 21, 2017 - * Landsea Green Properties Co., Ltd.*, ("Landsea" or the "Company" and its subsidiaries collectively the "Group", HKEX stock code : 00106), China's leading integrated green -technology property development services company, is pleased to announce its unaudited interim results for six months ended 30 June 2017 ("the period under review"). In the first half of 2017, the Group continued to deepen the st...

The Carrington at Lincolnwood Opens Models and New Life Opportunities

“We are excited to participate in an innovative approach to re-defining the senior community into a desirable destination for a full and active lifestyle ,” said Glenn Seerup, principal at Jensen and Halstead Architects , in reference to The Carrington at Lincolnwood opening late this year. Joining Jensen and Halstead, the oldest architecture firm in the Chicagoland area, on The Carrington project are developer South Bay Partners , manager Life Care Services and Charles Hall Construction . Model residences are now open, and “The First Keys Club” perks for first depositors include a $1,500 credit toward moving expenses, a house-warming reception, guaranteed rental rates for the first two years of residency, referral rewards and several additional benefits . “There is no better time than now to visit our beautiful models and see all that is available to older adults within and right outside The Carrington community,” said Sue Simek, director of sales and marketing at Life Care Servic...