Despite stubbornly high unemployment, multifamily fundamentals improved during the third quarter of 2010, but the sector’s recovery is expected to pull back slightly during the fourth quarter.
Like almost every other facet of development, the protracted process of obtaining project approval is not for beginners or the faint of heart.
SANTA BARBARA, Calif.—Martin Levkus, general manager of Yardi EBS utility billing, has been appointed as a director of the Utility Management and Conservation Association.
San Diego–Berkadia Commercial Mortgage originated a total of $42,660,000 in fixed-rate debt through the Freddie Mac Capital Markets Execution (CME) program for the acquisition of Canyon Hills and Flower Fields, two multifamily properties in San Diego County.
Multi-Housing News interviewed Steven Glenn, CEO of LivingHomes, which creates modular-construction homes, at the 2010 Greenbuild International Conference and Expo. Glenn talks about the advantages of prefab for multifamily housing, as well as some of the lessons he’s learned in the process.
Investor interest in multifamily properties has been on a roll in 2010, and a JLL survey predicts that momentum isn’t going to slow down next year.