Midwest
Steven Easton Honored for Contributions to Real Estate Management
Chicago—The Institute of Real Estate Management (IREM) Foundation, a nonprofit 501(c)(3) public foundation, recently honored IREM faculty member Steven K. Easton, CPM, of St. Petersburg, FL, 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., a founder of the IREM real estate management education program. Easton is the founder of Easton Realty, a full-service real estate company…
DEAL OF THE DAY: HFF to Market 428-unit Illinois Apartment Community
The Chicago office of HFF (Holliday Fenoglio Fowler LP) has been named to market The Lakes of Schaumburg, a 428-unit community in Schaumburg, Ill.
MARKET SNAPSHOT: Absorption and Rent Growth in St. Louis Increasingly Steadily
The closing of Chrysler’s Fenton plant and the acquisition of Anheuser-Busch by InBev led to mass layoffs in St. Louis. Despite a seemingly doom-and-gloom economy, however, the Gateway City’s apartment market has seen an improvement in occupancy rates over the last year.
DEAL OF THE DAY: NorthMarq Arranges $13.11M Mortgage for East Side Portfolio
NorthMarq recently arranged first mortgage financing of $13.111 million for the East Side Portfolio.
Ken Maksoudian Joins Great Lakes Financial Group as Senior Underwriter
Great Lakes Financial Group has appointed Ken Maksoudian as senior underwriter. Maksoudian will report to GLFG’s President, Joe Bobeck.
CWCapital Hires Allan Edelson
CWCapital is expanding its national multifamily lending platform through the hiring of Allan Edelson, senior vice president, and the establishment of a new lending office in Chicago.
Yardi Acquires DIY Real Estate Solutions
Yardi Systems recently acquired residential property management software provider DIY Real Estate Solutions
DEAL OF THE DAY: HFF arranges 7-Year Freddie Mac Acquisition Loan
The Dallas office of HFF (Holliday Fenoglio Fowler LP) has arranged financing for Meadow Chase Apartments, an 86-unit multi-housing complex in West Des Moines, Iowa.
Missouri Agency to Hold Public Hearings on Proposed Affordable Housing Developments
The Missouri Housing Development Commission (MHDC) will hold public hearings at two different locations
DEAL OF THE DAY: NorthMarq Arranges $19.8M First Mortgage for 300-Unit Property
David Farrell, senior vice president and managing director of NorthMarq Capital’s Kansas City Regional office, arranged first mortgage financing of $19.8 million for Schoettler Village, a 300-unit multifamily complex located in Chesterfield, Mo.