Midwest
USGBC Announces New Sustainability Award in Honor of Chicago Mayor Daley
Washington, D.C.–The U.S. Green Building Council (USGBC) has just revealed the establishment of a new award that will honor those who have served as beacons in the movement to develop environmentally friendly cities.
New Minneapolis-Area Apartment Property Focuses on Eco-Friendly Amenities
St. Louis Park, Minn.–The Ellipse on Excelsior, a 132-unit apartment community in St. Louis Park, Minn., has just opened its doors, offering tenants a few unique options for pursuing an environmentally friendly lifestyle.
Chicago Condo Project Re-Purposed Into Warehouse
Chicago–A good many condominium projects came to a screeching halt with the onset of the recession and the housing market contraction, leaving a number of vacant sites in markets nationwide.
More People Are Now Renting By Choice
Chicago–According to a new survey conducted by Apartments.com, a notable percentage of people actively looking to lease in today’s apartment market are not hunting because they have to rent but because they want to rent.
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.