May 8, 2007 | Vol. 5 No. 9

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Volume 5 - Number 9 | May 8, 2007

TOP STORY: Kushner Taps CBRE, Goldman to Dispose of 18,500-Unit Portfolio
By Sule Aygoren Carranza
After being in the region's multifamily market for decades, Kushner Cos. is divesting a significant portion of its apartment holdings in New Jersey, Pennsylvania, Delaware and New York.

NYS Court Strikes Down Tenant Protection Law
By Sule Aygoren Carranza
A New York State Supreme Court judge struck down a law that put building-ownership restrictions on the Mitchell Lama and other affordable programs designed to protect tenants. The ruling was signed Apr. 11, but was just recently made public.

Despite Some Bumps, SoCal Markets Still Going Strong
By Sule Aygoren Carranza
Expect continued strength from the Southern California apartment markets. That’s the conclusion from the Casden Real Estate Economics Forecast released by the University of Southern California Lusk Center for Real Estate.

Deal Watch: SBO Arranges $600M Package for Brooklyn Project
By Sule Aygoren Carranza
The Singer & Bassuk Organization has put together more than $600 million in financing for a 904-unit residential development in this New York City borough’s Williamsburg section.

Affordable Projects Shine at NAHB Pillars Awards
By Sule Aygoren Carranza

Short Takes: Organizations Team Up to Develop Green MF Standards

Executive Moves: Benchmark Taps McAneny as COO

Recent Transactions: Cousins Starts First Residential Tower at Terminus