Archive for February 2010
California Awards $3M For Multifamily Energy Retrofits
The state of California has awarded $3 million from the State Energy Program to a partnership of the San Francisco Mayor’s Office of Housing, Enterprise Community Partners Inc. and the Low Income Investment Fund.
Read MoreAverage Apartment Rents Decreased by 4% Over Last 6 Months
Over the last six months, the average rent for an apartment has decreased by 4 percent or about $40 to an average of $961 per month
Read MoreINVESTMENTS: Marcus & Millichap Lists California Property for $187,500 Per Unit
Novato, Calif.– Marcus & Millichap Real Estate Investment Services retained the exclusive listing for Oak Grove Apartments, an 88-unit, 75,666-square-foot luxury apartment complex in Novato, Calif. The listing price of $16.5 million represents $187,500 per unit and $218 per square foot.
Read MoreWashington University Pre-Med Student Wins Broadway Show Tickets Through ForRent.com Contest
Meghan Wright, a 22 year-old pre-med student at Washington University in St. Louis, Mo. recently entered a contest and won tickets to the RENT Broadway show.
Read MoreBascom Cuts Costs, Increases Tenant Outreach to Face Weakened Economy
The Bascom Group LLC, a private apartment owner with a portfolio of 100 properties totaling more than 29,400 units nationwide, has reported an increase of 11.8 percent in its portfolio net operating income for the fourth of quarter of 2009, compared with the same period a year earlier.
Read MoreDEAL OF THE DAY: Arbor Closes $4,000,000 Fannie Mae DUS Coop Loan
Topeka, Kansas- Arbor Commercial Funding LLC arranged the funding of a $4,000,000 loan under the Fannie Mae DUS MAH Coop Loan product line for the 200-unit complex known as Fox Ridge Townhouses in Topeka, Kansas.
Read MoreSeniors Housing Community to Open In Bryan, Texas in 2011
Isle at Watercrest, an assisted living and skilled nursing community will open in 2011 in Bryan, Texas, a city where about 10 percent of the population is 62 years and older
Read MoreMARKET SNAPSHOT: Southeast Michigan Shows Some Signs of Recovery
Although it is still struggling to some extent, downtown Detroit has shown some positive signs of slowly bottoming out, especially given the auto industry’s gradual rebound.
Read MoreSureDeposit Hires Regional Account Manager, Analyst
Paul Garcia has joined SureDeposit as a regional account manager and Frank DiMarzio has joined SureDeposit as an analyst.
Read MoreTed Tozer Is New President of Ginnie Mae
Ted Tozer was sworn in today as the President of the Government National Mortgage Association (Ginnie Mae).
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