Construction Maison

CBRE SL Green sells suburban office property for $97M SL Green and TH Real Estate have sold Stamford Towers in Stamford, CT for $97 million. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s Institutional Properties represented the sellers. CBRE Global Investors purchased the Property. Stamford Towers is comprised of two adjacent Class A office buildings located in the Stamford CBD, one block from the Stamford Transportation Center . The property is also near the 722,000 s/f Stamford Town Center Mall (anchored by Macy’s, Barnes & Noble, H&M, and Saks Off 5th) as well as dozens of restaurants and retails options. Stamford Towers is currently leased to institutional and high credit tenants , including Citigroup, UBS Financial Services , H/ 2 Credit Manager , Titan Advisors, Gerald Metals, Bank of Ireland, Oaktree Capital, Oppenheimer, CoreCommodity and Newmark, among others. Recent capital improvements include the addition of a fitness center and basketball court, c...

The following discussion of our financial condition and results of operations should be read in conjunction with the financial statements and notes thereto and other financial information included elsewhere in this report. Certain statements contained in this report, including, without limitation, statements containing the words "believes," "anticipates," "expects" and words of similar import, constitute "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of certain factors, including our ability to create, sustain, manage or forecast our growth; our ability to attract and retain key personnel ; changes in our business strategy or development plans; competition; business disruptions; adverse publici...

Cities must do more to ensure that investments in energy efficiency reach the low- and moderate-income households that bear the heaviest burden from high energy costs via Shutterstock By Laurie Mazur As the saying goes, “The poor pay more.” This is certainly true when it comes to energy costs: Low-income households (both owners and renters) pay more for energy per square foot than their affluent counterparts. And as a percentage of income, low- and moderate- income families pay up to three times more than average on utility bills. Energy efficiency is part of the solution: It can reduce energy burdens by as much as 30 percent. But even the best- intentioned efficiency programs often fail to reach low- and moderate-income households. Those households may not be able to take advantage of incentives because they lack the upfront capital to invest in efficiency upgrades, for example. And they lose out on tax incentives because they don’t live in high- efficiency housing or can’t af...

Property developer iQ has released plans to create a halls of residence for graduates in Manchester city centre . Three blocks of 'co- living accommodation ' dubbed Echo Street are earmarked for a site on Granby Row, near Piccadilly station. The development, designed by Sheppard Robson, will create 643 bedrooms, a mix of studios and shared apartments, for young professionals who are being outpriced by the current private rental market . With all inclusive rents, including bills and amenities, and only one week's deposit needed iQ claim the scheme will make city centre living affordable for graduates and young professionals. According to Zoopla the average cost to rent a one bed flat in Manchester city centre is £850. This climbs to £1,130 for a second bedroom. However, the developers were unable to give a figure for Echo Street on how it will compare to current rental prices . Read More Echo Street will also include 242 bedrooms of student accommodation on the si...

FT. LAUDERDALE, FL - ZOM Florida and The NRP Group recently celebrated the completion and grand opening of Monterra Apartments,  a workforce housing community in Cooper City, south Broward County , Florida. The new 300 unit community began pre -leasing in February 2012 and was 100% leased in April. The units will be 100% occupied in mid July. The property boasts a variety of spacious 1, 2 and 3- bedroom floor plans , featuring nine foot ceilings, and walk in closets. The centerpiece of the Monterra community is a large upscale clubhouse facility , which includes a swimming pool, clubroom with computer work stations , and a 24- hour fitness center . Additional project features include energy efficient appliance and lighting packages, a playground, a covered barbeque area , and a dog park. Project financing included approximately $26 million in NIBP bonds issued by the Florida Housing Finance Corporation , HOME loan funding , and additional loans provided under...