Midwest
Village Green Restores 1920s Skyscraper and Converts it to Luxury Apartments
Village Green’s newest property, Randolph Tower City, is 35 percent leased already, and the first residents don’t even move in until later in the month.
MARKET SNAPSHOT: Minneapolis Maintains Status as Growth Leader in Employment and Occupancy
The Twin Cities is continuing to witness exceptionally low unemployment and vacancy as compared to the rest of the country.
MARKET SNAPSHOT: As Auto Industry Bounces Back, Detroit Sees Sharp Increase in Multifamily Rentals
Vacancy is set to decline in Detroit Rock City as the United Auto Workers recently struck a deal with the Big Three that will create 14,000 new jobs through 2014.
Investors Circle Over Mixed-Use Chicago Apartment Tower
The right value-add assets in key locations are high on the radar of attracting buyers, as evidenced by investors’ response to downtown Chicago’s River North Park, a 399-unit mixed-use apartment property.
When Affordable Housing Isn't Really Affordable
Families living in affordable housing know their housing costs cannot exceed 30 percent of their incomes. But that affordability can be nullified if the housing is not located in areas with comparatively affordable transportation costs.
Village Green 'City' Brand Coming to Downtown Ann Arbor
The first market rent luxury apartment building to come to downtown Ann Arbor in the past quarter century will be built by Village Green.
Montana’s Franklin School Apartments Revitalized
Franklin School Apartments, a Great Falls, Mont. affordable multifamily property whose history dates to the early years of the 20th century, has benefited from energy-efficient upgrades, thanks to a financing solution recommended by Columbus, Ohio-based Lancaster Pollard Mortgage Co.
Housing Property for Homeless Youth Completed in Detroit
Oakman Place Apartments, an affordable housing property for homeless youth and families, has opened its doors on Oakman Blvd. in Detroit.
South Bend to Welcome New Senior Housing Development
Ground was recently broken on a new affordable housing community in the northern Indiana city of South Bend.
MARKET SNAPSHOT: Multifamily Transaction Volume in Chicago Concentrated in $20M+ Assets
Demand for multifamily assets in the Windy City has been significant, with $1 billion worth of properties in the sector trading this year.