Midwest
Leading Furnished Apartments Rebrands as V-Suites
Leading Furnished Apartments, an industry leader in furnished apartment rentals and the furnished housing division of Village Green, has formally changed its name to V-Suites. The company also announced the launch of a new website.
MHN PROFILE: Opportunities Still Exist in Chicago for Acquisition of Lender-Owned Assets, Says Kiser
If you are interested in acquiring small-scale distressed properties, Lee Kiser, principal of Kiser Group, has this to say: “Welcome to the club.”
San Francisco Exec James Cantrell, CPM, Honored for Contributions to Real Estate Management Education
Chicago—The Institute of Real Estate Management (IREM®) Foundation, a nonprofit 501(c)(3) public foundation, recently honored James H. Cantrell, CPM®, of San Francisco, CA, with its Lloyd D. Hanford Sr. Distinguished Faculty Award. The Hanford award is presented periodically to a member of the IREM® faculty who has shown extraordinary dedication to the educational process and the advancement of knowledge in the real estate management profession. It commemorates the direct contributions of Lloyd D. Hanford, Sr., one of the Institute’s early presidents and a founder of the IREM® real estate management education program. An IREM instructor for 30 years, teaching courses…
RentSentinel Acquired By Real Page
RentSentinel and RentSocial were recently acquired by a subsidiary/affiliate of RealPage, Inc.
The Opus Group to Build Luxury Apartments in Kansas City
The Opus Group, a Minneapolis-based commercial real estate company, announced that its subsidiary Opus Design Build LLC is the design-build contractor for a new luxury community in Kansas City, Mo., called 51 Main.
Chicago Student Housing Property Trades Hands for $58.5M
2 E. Eighth St., a 330-unit student housing property in downtown Chicago, has been sold for $58.5 million. The 28-story, 882-bed high rise is closest to Columbia College and Roosevelt University, but also houses students from other nearby schools.
RED Records Record Year in 2012 and Captures MBA Top FHA/Ginnie Mae Origination Ranking
Comprehensive capital provider RED Capital Group announced that according to a recent 2012 Annual Origination Rankings report released by the Mortgage Bankers Association, RED’s mortgage banking arm, Red Mortgage Capital LLC, was the top originator for FHA/Ginnie Mae loans in 2012 providing 231 FHA loanstotaling $2.176 billion.
MARKET SNAPSHOT: Construction Soars in Minneapolis as Employment and Occupancy Keep Pressure on Rents
The Twin Cities MSA is continuing to see exceptionally low vacancies, as strong employment growth and renter demand squeezes the supply of existing inventory.
The Farran Group Breaks Ground on $19.5M Mont. Community
The Farran Group has broken ground on a new $19.5 million community in Missoula, Mont. The property is being developed on a former industrial site—a former lumber mill and distribution center.
Village Green Acquires Detroit Luxury Apartments; Plans to Renovate
Village Green, a Detroit-based luxury apartment owner and operator, has acquired Millender Center Apartments, which includes 338 luxury units that the company plans to renovate and reposition.