Crescent Heights wins NAHB best firm award.The National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than (NAHB NAHB National Association of Home Builders NAHB National Academy of Health and Business (Canada) ) has named New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. based-Crescent Heights its Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. Multifamily Development Firm of the Year. The prestigious national award honoring the year's best work in multifamily housing development was presented last week in Scottsdale, Arizona Scottsdale (O'odham Vaṣai S-vaṣonĭ) is a city in Maricopa County, Arizona, United States, adjacent to Phoenix. Scottsdale has become internationally recognized as a premier and posh tourist destination, while maintaining its own identity and culture as " , in conjunction with NAHB's annual conference for apartment and condo developers. "As a developer specializing in condo conversions, Crescent Heights is consistently at the cutting edge of this industry trend," said Jerry Howard, NAHB executive vice president and chief executive officer. "NAHB Multifamily is proud to recognize Crescent Heights for its understanding of the industry and commitment to innovation in response to changing conditions." In honoring Crescent Heights, the judges considered overall quality of the company's recent projects; success in achieving the company's visions and goals; financial performance; innovative development strategies and practices; and a demonstrated ability to overcome obstacles. Crescent Heights began as a real estate development firm in the late 1980s in the South Beach neighborhood of Miami, where it pioneered large-scale residential development. In the mid 1990s, the company made waves with the first office-to-condo conversion on Wall Street in New York City. The company currently has 20 ongoing projects, and has converted more than 35 apartments and offices to condo ownership properties in 20 cities. It is now the nation's largest condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. multifamily home developer, with communities in every major U.S. city. The company took the process of taking a building from acquisition to final sale--usually a local endeavor--and systematized the marketing, software, and mortgage processing, while offering unstinting customer service. With this system, transactions can be managed from regional offices. The Freddie Mac Multifamily Development Firm of the Year is one of NAHB's annual Pillars of the Industry Awards, which honor excellence in multifamily housing design, development, marketing and management. Coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. as the most prestigious in the industry, the Pillars are considered a showcase of innovation, trends and leadership in the multifamily industry. The Pillars of the Industry Award for the 2006 Best Multifamily Development Firm of the Year was sponsored by Freddie Mac. |
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