Developers Compromising, but Carrying On – “Everyone’s nervous these days when it comes to the for-sale market,” said Terry Danner, the president of Riverstone Residential Group of Dallas,..”

By ELSA BRENNER
EVEN though the market remains troubled and financing is as elusive for projects as for individual mortgages, at least two residential developers in Westchester are forging ahead, despite the compromises being forced on them by the economy.
In Port Chester, Frank Boccanfuso, the managing partner of FMB Asset Management and Phoenix Capital Partners, has broken ground on two luxury projects on sites near the Byram River. And in Yonkers, Fleet Mill Street — an offshoot of SFC, the company planning the massive redevelopment of the Yonkers downtown — will rehabilitate a vacant building in the densely populated Getty Square area near the Hudson River.
In both instances one basic compromise has involved relying on either their own sources of capital or government grants to get their projects under way. Another has required giving up on the idea of selling units in favor of rentals — since that sector of the housing market, according to property management groups, continues to be strong.
“Everyone’s nervous these days when it comes to the for-sale market,” said Terry Danner, the president of Riverstone Residential Group of Dallas, a property management advisory group that manages 650 complexes throughout the country. “We’re seeing lots of companies not willing or able to sit with empty units,” Mr. Danner added, “so they’re running with rentals for now with the possibility of converting to for-sale units at a future date.”
More – New York Times Real Estate
National Apartment Association Tells Its Members MOLD CAUSES DEATH; Tells Courts It Doesn’t With The Help of US Chamber and UCLA
Thank You National Apartment Association. I will do my best to get this very important information out ASAP to numerous owners, investors, huge property management companies (e.g., Riverstone Residential), attorneys, and judges, AND, of course, to the MANY people who are currently living in MOLD-INFESTED APARTMENT COMPLEXES right now! katy
Question to Kevin H. Brown, CEO of the National Apartment Association – “So, aptly spoken…are you lying to your members or lying to the courts?” Just Answer The Damn Question!
Information about Riverstone Residential, the Louisiana Housing Finance Agency, and the owners of Jefferson Lakes Apartments in Baton Rouge, Louisiana allowing tenants to be exposed to extreme amounts of toxins from molds by intentionally concealing evidence
Irrefutable evidence indicates that Riverstone Residential, Guarantee Service Team of Professionals, & plaintiffs’ attorney, J Arthur Smith III, must have agreed to exclude evidence that would have shown the owners of Jefferson Lakes Apartments & Riverstone Residential had knowledge of the severe MOLD INFESTATION at the complex before we moved in
Riverstone Residential Litigation
Mold Inspection Reports
Photos of Mold in Apartment
Attorney Malpractice
Links – Riverstone Residential Mold & Illegal Business Practice Complaints & More!
Political Action Committee – National Apartment Association (NAA) files Amicus Brief in mold case (two infant deaths in mold filled apt – Wasatch Prop Mgmt) citing US Chamber/ACOEM ‘litigation defense report’ to disclaim health effects of indoor mold & limit financial risk for industry
ARIZONA APPELLATE COURT DEFINES “OUTRAGEOUS! BEHAVIOR” AND THEN PROCEEDS TO PRACTICE IT – Fraud In Health Marketing By the US Chamber of Commerce et al. Submitting Known False Legal Documents By Licensed Attorneys
U.S. Chamber of Commerce & Deceit in Mold Litigation
JUSTICE CANDIDATE JUDITH MCCONNELL & NINE SUBORDINATE SAN DIEGO JUDICUARIES~ASSISTING WITH STRATEGIC LITIGATION BY CRIMINAL MEANS BY AN AUTHOR OF “ENVIRONMENTAL” POLICY FOR THE US CHAMBER OF COMMERCE AGAINST A WHISTLEBLOWER OF A MASSIVE INSURER FRAUD SCHEME~ AIDING AND ABETTING TO SHIFT COSTS OF WORKER INJURY ONTO CA AND US TAXPAYERS
TRUTH OUT Sharon Kramer Letter To Andrew Saxon MOLD ISSUE
“Changes in construction methods have caused US buildings to become perfect petri dishes for mold and bacteria to flourish when water is added. Instead of warning the public and teaching physicians that the buildings were causing illness; in 2003 the US Chamber of Commerce Institute for Legal Reform, a think-tank, and a workers comp physician trade organization mass marketed an unscientific nonsequitor to the courts to disclaim the adverse health effects to stave off liability for financial stakeholders of moldy buildings. Although publicly exposed many times over the years, the deceit lingers in US courts to this very day.”
Sharon Noonan Kramer
This entry was posted in J Arthur Smith III, Louisiana Housing Finance Agency, Mold and Politics, Mold Litigation, National Apartment Association, Riverstone Residential, Toxic Mold, US Chamber of Commerce and tagged , , , , , , , , , . Bookmark the permalink.

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