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Riverstone Wins Management of 15,000-Unit BlackRock Portfolio
Riverstone Residential has been awarded the management of more than 15,000 apartment units in the portfolio of BlackRock Realty Advisors Inc., the real estate equity arm of BlackRock Inc.
CBRE to Handle FDIC’s Portfolio of Owned Real Estate
CB Richard Ellis Inc. has netted a major client: The Federal Deposit Insurance Corp. has tapped the services firm to serve as primary advisor for the residential and commercial real estate it acquires from failed financial institutions. Terms of the deal were not revealed. CBRE will be tasked with the property management, leasing and ultimate disposition of these assets across the country, Puerto Rico and the U.S. Virgin Islands.
Investing in Carbon-Neutral Luxury in the Philippines
The Cacao Pearl, located in Palawan, Philippines, is designed to become the world’s first non-profit and luxury eco-resort community to commit 100 percent of operating profits to environmental protection and social improvements. It is a low-density boutique resort being built in accordance with sustainable development principles, with 60 condominiums achieving zero carbon cost. Units range from $210,000 to $250,000.
Despite Economy, Greening of Building Portfolios Remains a Priority
(BOSTON—Nov. 19, 2008) Despite a faltering economy, commercial building owners are continuing to allocate funds and resources to green their portfolios. According to the “2008 Green Survey: Existing Buildings,” the second annual national survey of the commercial real estate sector, more than 80 percent of respondents have allocated funds to green initiatives this year, while [...]
NAAEI and NAHMA Announce New Credential for Green Property Management
Alexandria, VA, October 13, 2008 - The National Apartment Association Educational Institute (NAAEI) and the National Affordable Housing Management Association (NAHMA) have jointly launched a new Credential for Green Property Management (CGPM) designed for on-site managers, maintenance staff and supervisors of front-line staff.
The new credential meets the requirements of the voluntary Green Initiative established by [...]
Group Homes, Local Land Use, and the Fair Housing Act
Joint statement of the Department of Justice and the Department of Housing and Urban Development:
Since the federal Fair Housing Act (”the Act”) was amended by Congress in 1988 to add protections for persons with disabilities and families with children, there has been a great deal of litigation concerning the Act’s effect on the ability of [...]
