Economy Watch: Housing Starts See Modest Rise in March
Housing starts experienced an unexpected uptick in March; unemployment dropped in two-thirds of U.S. states; and a jury finds Lee Farkas guilty of multiple counts of bank fraud.
AMCAL Promotes Ramirez to EVP
Agoura Hills, Calif.–AMCAL Multi-Housing Inc., A California-based workforce housing builder, has promoted Maurice Ramirez to executive vice president.
Summit Design + Build Hits Restart on Stalled Chicago Apartment Project
Chicago–Development of the luxury apartment building in Chicago’s Wicker Park neighborhood is back underway now that Summit Design + Build L.L.C. has stepped in and taken the construction reins.
Fieldstone Seeks TIF for Massive Multifamily Renovation
Greenbelt, Md.–Fieldstone Properties has decided to seek about $15 million in tax-increment financing for a variety of public infrastructure improvements to a massive 153-acre rental apartment and townhome property.
MHN TV: Margaret Allen on FHA’s Acquisition/Rehab Financing
Margaret Allen, CEO and owner of AGM Financial Services Inc., weighs the pros and cons of obtaining acquisition/rehab financing via Federal Housing Administration (FHA) mortgage insurance versus Fannie Mae and Freddie Mac.
MHN TV: Market Researcher Michael Puls on Absorption Trends and Unit Mixes
Michael Puls, owner of market research firm Foley and Puls, discusses apartment fundamentals, absorption trends in the Southwest, multifamily unit mixes, and why larger units will rent faster.
MHN TV: Quick Response Attracts Lenders to MF
In this third part of a three-part series, Faron Thompson, managing director at Primary Capital Advisors, talks with Jones Lang LaSalle’s Paige Steers about multifamily’s quick response to the economy. Thompson describes the attractive lending terms today and predicts conduits, life companies and banks will be commanding a larger piece of the multifamily market in 2011.
Heller Appointed as Green Growth Councilor
San Francisco–Jeffrey Heller, FAIA, president and founder of Heller Manus Architects, has been appointed to the Green Growth Leaders’ Council, an international alliance of leaders dedicated to accelerating the green economy.
‘Gimme Shelter’ with Daniel Gehman: Same-Day GB/GO–Feels Like Good Times
With unemployment dropping, money finally becoming available, and construction remaining on sale, there’s a window of opportunity in the multifamily space unlike anything we’ve seen in a while.
PODCAST: Economy Watch Weekly with Dees Stribling
For the week ending April 8, the federal government is on the verge of a nervous breakdown, but the economic news wasn’t all bad.