MARKET REPORT: Moderately Priced Apartments in Minneapolis Continue to Perform Well

While some major metro areas see better performances among higher asset classes, the Twin Cities is experiencing quite the opposite.

MARKET REPORT: Philadelphia Remains Relatively Healthy Apartment Market

The basic apartment fundamentals in Philadelphia are stronger than most other metro areas in the nation, asserts Joseph Pasquarella, managing director of Integra Realty Resources-Philadelphia, a commercial real estate valuation and consulting firm.

MARKET 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.

MARKET SNAPSHOT: Sacramento Supply Constraint a Bright Spot

The biggest bright spot for the multifamily market in the Golden State’s capital is the fact that there is no new supply coming online, which will eventually lead to positive absorption, notes Mark Leary, principal in ARA’s (Apartment Realty Advisors) Pacific office. In addition, the shadow market is on the decline.

HUD Secy. Donovan Addresses NYHC, NHC’s 36th Annual New York Housing Awards Luncheon

Shaun Donovan, secretary of The Department of Housing and Urban Development (HUD), was the keynote speaker at the New York Housing Conference (NYHC) and the National Housing Conference (NHC) Annual Awards Luncheon.

Apartment Finder Launches iPhone App

Apartment Finder has launched a new application that provides iPhone and iPod Touch users access to all its listings. Prospective residents can now use their cell phones to map apartment listings nearby or email or call properties directly for more information.

CBRE to Sell Chicago’s Largest Master-Planned Community

CB Richard Ellis has been retained to sell Grande Reserve, Yorkville. With a total of 1,877 residential units situated on 771 acres, this is the largest master-planned residential community in the Chicago area to come to market.

Aries Capital Launches Multifamily Division

Aries Capital recently announced the formation of Aries Multifamily, a new operating division of the firm that will provide loans under $5 million for apartment properties across the nation. The new division will be led by Ryan Welsh, a commercial real estate executive with more than 10 years of experience incorporating commercial and multifamily underwriting, loan origination, portfolio management and loan sales.

New Associations Formed for Student Housing, Research Specialists

Jack Kern, managing director at Washington, D.C.-based Kern Investment Research LLC, and Dr. Sam Chandan, president and chief economist of Real Estate Econometrics, recently announced the launch of The National Student Housing Council (NSHC) to focus exclusively on the student housing sector. John Buttarazzi, owner of Varsity Capital Advisors, is the organization’s founding advisory board president.

Despite Economy, Greystar is Pleased with Leasing Pace at Two New Houston Communities

Greystar Real Estate Partners recently completed and opened two luxury garden communities, Northgate Oaks Apartments (pictured) and Yorktown Crossing, in the Houston market.