Midwest
More Bed Bugs Moving into Multifamily Properties
New Orleans–They are exactly the kind of tenant multifamily property owners and mangers do not want: bed bugs. The presence of these microscopic creepy, reddish-brown crawlers is on the rise, as representatives of pest control company Orkin the IPM Institute of North America noted in a presentation at this year’s National Apartment Association Education Institute (NAAEI) conference in New Orleans.
Google Establishes $86M Low-Income Housing Fund through U.S. Bank Subsidiary
Mountain View, Calif.–Search engine giant Google has found a new vehicle for giving back to the community.
Ohio Multifamily Markets Mostly in Good Shape: Marcus & Millichap
Cleveland–Three recent second-quarter 2010 reports on the three major Ohio multifamily markets–metro Cleveland, Cincinnati and Columbus–by the real estate investment specialist Marcus & Millichap paint a largely optimistic picture for the property type, though not entirely.
Web Feature: In Down Time, What Are MF Developers Doing?
New York–Multifamily starts have hovered in the 100,000 to 142,000-range for all of this year, which isn’t saying anything positive about the multifamily sector.
DEAL OF THE DAY: Bernard Financial Originates $9.76M Loan for Prudential Huntoon Paige
Roseville, Mich.–Bernard Financial Group arranged a $9,760,700 loan for the Kensington Place Apartments.
MHN Interview with Armand Brachman: Acquisitions Will Be Significant Part of Dominium’s Growth in Foreseeable Future
Armand E. Brachman talks to MHN about Dominium’s acquisition strategy and how development has taken a back seat in the firm’s growth plans in recent years.
DEAL OF THE DAY: Alliant Capital Completes $7.4M Refinance for Maturing CMBS Loan
Marion, Iowa –Alliant Capital LLC has refinanced the Regal Townhomes in Marion, Iowa.
MARKET SNAPSHOT: Madison, Wis. Looks to See How Shadow Market Affects Rentals
Madison, Wis.–The Madison, Wis. apartment has hit the bottom.
Fundamentals of Multifamily Look Promising: CoStar Webinar
Chicago–Vacancies fell in the largest markets 30 basis points in the first six months of 2010.
Freddie Mac Chief Economist Foresees Slow But Steady Recovery for Economy, Housing
Schaumburg, Ill.–Frank E. Nothaft, chief economist of Freddie Mac is optimistic that there is a recovery under way, positing that a double-dip recession is unlikely.