Apartment Rents Rise in Many Markets
Apartment rents haven’t declined as much as commonly supposed,
Developer Drops Prices by 30% After Its Phoenix Property Fails to Sell
After about a year of being on the market
Outstanding Multifamily Mortgages Drop: MBA
According to a Mortgage Bankers Association analysis of Federal Reserve Board Flow of Funds data released over the weekend, multifamily mortgage debt outstanding dropped $11 billion, a 1 percent decrease, between the third quarter and fourth quarter 2009.
Arjun Nagarkatti Is New President of AMCAL
AMCAL Multi-Housing Inc. recently promoted Arjun Nagarkatti to president.
Multifamily Management Specialist U.S. Residential Group Formed
Economic turmoil for multifamily owners and lenders means opportunities for multifamily property managers, if the pace at which such companies are being formed is any indication.
Michael Mullin Joins Integrated Business Systems
Michael Mullin has joined real estate automation systems provider Integrated Business Systems (IBS) in Fairfield, N.J. as vice president of sales and marketing.
Gus Remppies Appointed President of Grubb & Ellis Apartment REIT
Grubb & Ellis Apartment REIT, Inc. has appointed Gustav G. “Gus” Remppies president of the company, effective immediately. Stanley J. “Jay” Olander, who had served as president since
Evergreen Equity Seeking Southern Multifamily Properties
Evergreen Equity Partners is going shopping for multifamily properties in the South, including Florida, North Carolina, South Carolina, Alabama and Texas.
New LEED Platinum Apt. Building in Conn. Opens Leasing Office
Residential leasing has begun at 360 State Street