Drawbridge was willing to offer a shorter-term lease to provide Austin-based NI with stability and continuity, and the renewal shows a commitment to Silicon Valley when some tenants are leaving.
Granite Properties made changes as part of a more than $10 million Inspire Wellness initiative including installing the clean air technology Needlepoint Bipolar Ionization to HVAC systems and bipolar ionization to elevator cabs.
The new regulations address several key issues regarding the income averaging option that LIHTC properties use to serve residents making up to 80% of the median area income.