Midwest
Affordable Seniors Developer Launches New Website Targeting Its Market
Searching online for market-rate apartments to rent is the norm these days, and ANHC believes that seniors are also picking up on this trend.
TODAY’S DEALS: MAA Acquires a 300-Unit Community in Tennessee
MAA buys a 300-unit community outside Nashville; MAA brokers the sale of a 100-unit asset in Oceanside, Calif.; and Berkadia Houston originates $34 million in acquisition loans for properties in Texas, Ohio.
Resident Rewards Program Garners Prodigy Award for Barrington Group
Barrington Group Inc. got rave reviews from residents soon after launching its Resident Rewards incentive program one year ago, and now the apartment property management company has garnered kudos from peers in the multifamily industry.
MARKET SNAPSHOT: Indianapolis Fundamentals Remain Strong; Investors Seek All Asset Classes
Indianapolis–Indianapolis is doing well, from an economic standpoint. Both the city and the state of Indiana have balanced budgets, points out George Tikijian III, CCIM, senior managing director of Tikijian Associates, who asserts that the state is performing better than most others in the Midwest.
Suburban Chicago Builder Turning Renters into Buyers
A new rent-to-own program at The Heritage of Palatine, a condominium development in a Chicago suburb, is helping turn once skittish prospects into renters for a year, and into buyers after that.
Real Estate Experts Weigh in on Obama’s Proposed Carried Interest Tax
Experts discuss possible consequences of Obama’s proposed carried interest tax on the real estate industry.
Oklahoma City Apartment Property Seeks Buyer
Recently ARA was tasked to take the 708-unit Lincoln at Central Park apartment property in Oklahoma City to the investment market to look for a buyer, and has ‘found interest from most every investor type.’
Residential Project at Chicago’s $4B Lakeshore East Development Creates 250 Jobs
Lakeshore East, Magellan Development Group’s $4 billion mixed-use project presently sprouting up in Chicago, is playing a key role in the revival of the city’s jobs market.
New Luxury Minneapolis Apartment Lures Young Professionals
The Nicollet Building, a 33-story high-rise in Minneapolis, will offer amenities aimed at pleasing young professionals.
MARKET SNAPSHOT: Vacancy in St. Louis Declines for Sixth Consecutive Quarter
St. Louis–Vacancy in St. Louis is expected to decrease 110 bps, to 6.5 percent, this year, according to Marcus & Millichap’s third quarter report on the market.