A Chicago-based freelance writer since 1989, Jefftrey Steele has written on real estate for more than three decades. His real estate writing has appeared in the Chicago Tribune, Barron's, Modern Luxury, HouseLogic, Forbes.com and many other publications. He has written for Multi-Housing News since 2009.
Share of Loans in Foreclosure Grows, as Does Number of Renters
Washington, D.C.–Serious mortgage delinquency rates are at near historically high levels, according to data released today by Foreclosure-Response.org. If there’s a silver lining in this bleak news, its greatest beneficiary will likely be the multifamily housing industry, which is certain to profit from growing ranks of renters.
Two Ribbon Cuttings Cap Affordable Housing Effort in Albany
Albany, N.Y.–On Tuesday, July 12, officials of Omni Housing Development attended a pair of ribbon cuttings marking completion of two different affordable apartment renovations in the Albany area.
Related to Preserve, Renovate Affordable Apartment Communities
New York–Keeping families in affordable apartments not only enhances their quality of life, but does a great deal to stabilize neighborhoods. That’s why the recent acquisition, renovation and preservation of the 48-unit New Horizons affordable housing development on West 111th St. in Harlem was cause for rejoicing.
KTGY Designs University of Wyoming Campus Housing for Wide Open Spaces
Laramie, Wyo.—The Cowboys and Cowgirls of the University of Wyoming (UW) in Laramie will have fresh student residence options come summer of 2012.
LA’s Warner Center to Welcome Wood’s New Luxury Apartment Community
Los Angeles–Mid-August will witness the start of construction on the new $75 million Warner Park luxury apartment community, to be built on a four-plus-acre site recently acquired by Wood Partners in Warner Center, within the Woodland Hills district of Los Angeles.
KTGY Designs Campus Housing for Wide Open Spaces
Laramie, Wyo.–The Cowboys and Cowgirls of the University of Wyoming (UW) in Laramie will have fresh student residence options come summer of 2012.
San Diego’s Riverwalk Apartments: A Creek Runs through It
Affirmed Housing Group has helped turn a dilapidated area along a trash-strewn creek bed in San Diego into the new 50-unit, affordable Riverwalk Apartments community.
Completion of Two More Phases in Nemchinovka Development
The Nemchinovka development, a $600 million luxury residential and commercial development in suburban Moscow, has moved closer to completion.
Bell Divests Itself of Senior Living Communities
As it seeks to solidify its position as one of the nation’s premier multifamily companies, Bell Partners Inc. has completed a $300 million sale of almost all its senior living communities.
Norwalk Town Center to Add Gleam to Connecticut’s Gold Coast
Norwalk, Conn.–Construction will begin later this year on Norwalk Town Center, a mixed-use development that will feature 330 luxury apartments.