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PHILADELPHIA, Dec. 14, 2010 /PRNewswire-FirstCall/ -- Apartment Investment and Management Company (Aimco) has installed cogeneration (combined heat and power) plants in three of its apartment buildings in the City of Philadelphia. Made possible through a public-private partnership and funded by a $1 million competitive, matching grant from the State of Pennsylvania's Green Energy Works! Program, Chestnut Hall (3900 Chestnut St.), The Sterling Apartment Homes (1815 JFK Blvd.), and University Square (3901 Market St.) have activated energy efficient, "green" Combined Heat and Power (CHP) systems to provide electricity, hot water and heat. Aimco is the first of the state's CHP grantees to complete its projects, just in time for peak heating season.
Aimco's innovative effort not only conser...
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The Portland-metropolitan area is a unique multifamily housing market, and though affected by the recession, it remains relatively healthy. Vacancy decreased during most of 2010 and was slightly more than 3 percent during the fourth quarter, according to NAI Norris, Beggs & Simpson's reports.
Apartment developers must continue to innovate and set themselves apart in order to find development opportunities that will attract renters. And in Portland, that often means incorporating sustainable features.
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300 megawatts, enough to power 30,000 homes, is possible over next decade, according to new study issued by LA Business Council, U.S. Dept. of Housing...
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A cooperative effort is helping Action-Housing Inc. rehabilitate three apartment buildings that will provide affordable housing for local residents.
The nonprofit organization received help from the Bank of New York Mellon, the Allegheny County Department of Economic Development and the Oppenheimer Co. Inc. of Minneapolis, among others, in a loan refinance arrangement that is bringing $1.2 million in improvements to properties in McKeesport, Pitcairn and Wilmerding.
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SIC 6513
This category includes establishments primarily engaged in the operation of apartment buildings. Apartment buildings are defined as those con...
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Struggling insurance giant American International Group wants to sell its real estate unit, which includes a stake in the New Jersey apartment buildings it bought last year from the Kushner family's real-estate empire. That deal fetched the highest price for multifamily properties in state history.
Since the start of the year, AIG has tried to sell at least four of the 86 properties the Kushner family sold in a joint venture with a Philadelphia-area company for nearly $2 billion. Most of the former Kushner apartment buildings are located in New Jersey, including eight in Bergen County; some are located in New York, Pennsylvania, Delaware and Maryland.
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Potential sellers of well-located San Diego County apartment buildings in 2010 likely have been seeing things differently from their counterparts in o...
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The movement began in the early 1990s in Baltimore, where a community-labor coalition called BUILD mobilized a successful grass-roots campaign to pass the nation's first "living wage" law in 1994, requiring companies with municipal contracts and subsidies to pay employees decently. [...] more than 100 cities have followed suit. A coalition of unions, community organizations, immigrantrights groups, churches, tenant activists, and environmental organizations-led by the Figueroa Corridor Coalition for Economic Justice and the Los Angeles Alliance for a New Economy (LAANE)-were ready when the developers pursued a second phase that included a 250,000-square-foot expansion of the convention center, two hotels, a 7,000-seat theater, restaurants, nightclubs, retail shops, and two apartment b...
..., retail shops, and two apartment buildings. The project required city approvals, new land-use...
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Last week, a fire broke out in a fifth-floor apartment at Lippert Terrace, a nine-story apartment complex in Kanawha City.
The fire could have proven disastrous, but an overhead sprinkler kicked in, dousing the worst of the flames and probably saving the life of the 97-year-old woman who lived in the apartment, according to Lt. Ken Tyree of the Charleston Fire Department.
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WASHINGTON, Feb. 3, 2011 /PRNewswire-USNewswire/ -- The National Multi Housing Council (NMHC) and the National Apartment Association (NAA) released the following statement concerning the Better Buildings Initiative announced by President Obama today. The statement was issued by NMHC/NAA's Vice President of Energy and Environment, Eileen Lee.
We commend the Obama Administration for its focus on energy efficiency in commercial properties, including apartments, and for taking an incentive-based approach to achieving meaningful reductions in our building energy usage.