Peeps Show is Over … For Now
A Colorado jury sided in favor of AIMCO last week in the infamous Peeps trial that pitted the national apartment owner and property manager against a former resident who alleged that she was wrongfully evicted because of a “Peeps” marshmallow candy display she nailed to her front door as an Easter-time expression of artistic and religious freedom—not because of unpaid rent. AIMCO attorneys never balked on the allegations and pushed through a grueling trial that included testimony from a Peeps "expert." "It's not about money for me," former resident Carol Burdick, who was suing for $1,000, told the media during the trial. "I guess you can quantify that, you have to put some kind of quantifier on it, but it's not a lot of money if you think about it." Burdick might want to start thinking about it: In finding for AIMCO, jurors say Burdick owes the multifamily firm $1,132. Burdick’s attorneys have indicated they intend to appeal the decision.
For Real This Time
Looks like it will be the real estate that’s going to immediately make it big, not any of the reality TV wunderkinds from last season’s installment of MTV’s The Real World: Washington, D.C. Lincoln Property Co. says it has successfully negotiated a 10-year lease at the iconic Dupont Circle brownstone on behalf of HealthHIV, a non-profit organization that works to educate, support, and assist people affected with HIV/AIDS. Based in the capitol, HealthHIV will lease 5,400 square feet on the second floor of the four-story mansion at 2000 S St., NW. HealthHIV executive director Brian Hujdich says its organization plans to use the space as an office for its 20 employees, a community center, and a studio for videotaping training sessions to use on the Internet, leaving the building’s notoriety as a 20-something hook-up joint to the history books, if not entirely disposing of the impact that the Real World brand can bring. "We have a favorable lease which allows us to repurpose materials from the 'Real World D.C.,'" Hujdich says. "It is a highly recognizable location that allows us to raise public awareness of HIV in Washington and nationwide."
Flushing Out Efficiencies
Talk about making a splash in student housing: Littleton, Mass.-based Eggrock—a provider of modular, factory-built bathroom pods—announced that it will supply 700 bathrooms to Balfour Beatty Construction for Florida Atlantic University’s (FAU) Innovation Village. "We are excited to work with Balfour Beatty on this project," says Eggrock CEO and founder Jeff Barrett. "Student housing is an area where our innovative technology will have a great impact. The durability of Eggrock bathrooms and the time savings we offer are essential to student housing projects." Balfour Beatty started clearing the 11-acre FAU site in late January 2010, and the bathrooms will keep coming over the next several months. "By the end of the summer, we will have installed all 700 Eggrock bathroom units," says Balfour Beatty senior vice president Clinton Glass. "This will help us meet our aggressive deadline and open the 1,200-bed student housing before the start of the 2011 school year." Let’s just hope those students can keep a lid on it.
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