News
Marcus & Millichap Promotes Ryan Engle to Associate Vice President Investments
The board of directors of Marcus & Millichap Real Estate Investment Services, a real estate investment services firm, has promoted Ryan Engle to associate vice president investments.
FHLBank Pittsburgh Awards $2.9 Million in Affordable Housing Program Grants
The Board of Directors of the Federal Home Loan Bank of Pittsburgh has approved $2.99 million in grants under its Affordable Housing Program.
California Resort Town Gets First Affordable Apartments for Families
Big Bear Lake, Calif., is well known to Californians as a resort paradise, tempting folks with ski slopes in the winter and water sports in warm weather. Affordable housing is much needed for the workforce population serving the vacationers.
Economy Watch: Consumers a Little More Optimistic
The Reuters/University of Michigan’s consumer sentiment index saw an uptick in late October, ending the month at 60.9. That compares to 57.5 in mid-October and September and August levels that were even lower.
Halloween Tips for Multifamily Property Managers
Tips for property managers who want to set up Halloween celebrations in their buildings.
Today’s Deals: Beech Street Provides $19.9M Refinance for Georgia Apartments
Beech Street Capital provides a $19.9 million refinance; Marcus & Millichap sells a 17-unit property for $8 million; and Arbor closes nine Fannie Mae deals across all regions totaling $31.5 million.
Ford Motor Co. and Governor Jay Nixon Announce Historic $1.1 Billion Investment
By Gabriel Circiog, Associate Editor Missouri Governor Jay Nixon, senior executives from Ford Motor Co., and leaders of the United Auto Workers have announced a historic $1.1 billion investment in the Claycomo facility. Governor Nixon hailed the investment as the rebirth of the American auto industry. The investment will add 1,600 new jobs over the […]
APARTMENT MARKET STATISTICS: October 2011
Industry statistics are featured in the October 2011 issue of Multi-Housing News.
New Seniors Housing Opens on West Side of Chicago
Habilitative Systems Inc. has opened the Enola A. Dew Apartments for Senior Living on the West Side of Chicago. The $10 million, 60-unit complex was funded by HUD and the city of Chicago Department of Housing.
Every Dog Has its Day with Opening of Wag Club
Man’s best friend has a brand new friend. It’s Wag Club, a new doggy daycare center that opened Oct. 20 at One Brooklyn Bridge Park, the only residential development situated within the recently unveiled 85-acre Brooklyn Bridge Park.