Midwest
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.
MARKET SNAPSHOT: Indianapolis Rental Market on the Rise; Only Sales are Involuntary
The rental market in Indianapolis is on its way to a recovery, according to George Tikijian, principal broker of Tikijian Associates.
Many Apartment Hunters Prefer Green Digs
According to a recent survey by Apartments.com, many people in the market for an apartment are now actively looking for green features in their dwellings.
DEAL OF THE DAY: Great Lakes Financial Completes $11.2M Financing for Seniors Preservation Project
Great Lakes Financial Group LP closed a preservation deal through the MSHDA Tax-Exempt Direct Loan Program with Longfellow Apartments, a 149-unit residential, active adult apartment building development for $3,874,000.
2.5-Acre Mixed-Use Development Set to Change Landscape of Chicago’s Chinatown
Eastern Tower, a $100-million mixed-use development
Smart Phone App to Enable RE Professionals to Buy Zip Codes for Exclusive Advertising
Visionary Apps LLC has launched a suite of real estate-related smart phone applications
DEAL OF THE DAY: LeCesse Development Obtains $36.9M FHA Loan to Develop Apartments in Twin Cities
LeCesse Development has closed on a Federal Housing Administration (FHA)- insured mortgage in the amount of $36.9 million to develop Uptown at City Walk, a 242-unit luxury apartment project to be built in the Twin Cities region.
New Site Provides Renters with Incentives to Pay Rent on Time
Chasing residents who are always late in paying their rent is a time consuming affair; one that property managers are all too aware of.
58-Unit Townhome Community in Suburban Chicago Nearly Sold Out
Willow Place is offering an incentive of $8,000 toward options.