News
Todd Trehubenko Becomes CEO of Recap
Todd Trehubenko, president of Recap Real Estate Advisors (Recap) will step in as the new CEO
MARKET SNAPSHOT: Absorption and Rent Growth in St. Louis Increasingly Steadily
The closing of Chrysler’s Fenton plant and the acquisition of Anheuser-Busch by InBev led to mass layoffs in St. Louis. Despite a seemingly doom-and-gloom economy, however, the Gateway City’s apartment market has seen an improvement in occupancy rates over the last year.
DEAL OF THE DAY: Two Senior Housing Communities Sold for $43M
Marcus & Millichap Real Estate Investment Services has brokered the sale of two seniors housing residences.
Multifamily Housing Starts Still in Doldrums
Multifamily construction, it seems, remains volatile even during the economic recovery.
MHN Interview: Getting Residents to Update Financial Information is Challenge in Affordable Hsng
Patricia Bowen talks to MHN about the major compliance challenges.
Obama Administration Wants Additional Funding for Neighborhood Stabilization, As One City Continues to Feel Pain
Obama Administration will work with Congress to find up to $1 billion in additional funding for the Neighborhood Stabilization Program
DEAL OF THE DAY: NorthMarq Arranges $13.11M Mortgage for East Side Portfolio
NorthMarq recently arranged first mortgage financing of $13.111 million for the East Side Portfolio.
Fannie Mae Predicts Expansion of Multifamily Starts
According Fannie Mae, about 284,000 multifamily housing units started nationwide in 2008.
Staten Island Homebuilder Announces Buyer Credit Program
Leewood Real Estate Group has announced it will offer a credit program for buyers of its apartments.
RealPage Launches OneSite Budgeting
RealPage Inc. has launched OneSite Budgeting, an integrated budgeting and forecasting tool for the multifamily industry. It provides a powerful web-based system that enables property managers and owners to create, manage, distribute and monitor budgets for all property types in their portfolios.