National
Multifamily REITs Now King of the Hill
Charlottsville, Va.–In a new report, SNL Real Estate notes that during the first half of 2010, multifamily REITs outperformed every other kind of REIT in various ways, but perhaps most importantly, in returns to investors.
Condo Prices Flat Overall, Though Some Markets See Swings: NAR
Washington, D.C.–According to the latest quarterly survey by the National Association of Realtors, home prices “solidified” during the second quarter of 2010.
Web Feature: Tools for Preserving Aging Affordable Housing
New York–Many factors come together in the preservation of affordable housing.
MHN Interview with Jay Jacobson: The Miami Market is Really Strong Right Now
Jacobson talks to MHN about plans for the acquisition team and why he believes the South Florida market is the strongest he has seen in many years.
SPECIAL REPORT: Multifamily Conditions are Showing Significant and Rapid Improvements Across the Board
Dallas–The environment for apartment development may be starting to appear attractive again.
Web Feature: How MF Communities Can Tap into Water Savings
New York–If efficient management techniques are applied to water consumed in multifamily buildings, the impact can be very powerful.
Financial Reform Law Includes Another $1B for Neighborhood Stabilization Program
Washington, D.C.–The Neighborhood Stabilization Program has received a fresh infusion of $1 billion with the signing of the Restoring American Financial Stability Act of 2010 into law this week.
John Kerin is New President & CEO of Marcus & Millichap
Encino, Calif.–Previously, Kerin was a senior vice president and managing director of the firm, overseeing 18 offices nationwide.
Multifamily Housing Starts Dip in June
Washington, D.C.–The ever-volatile rate of multifamily starts was down in June.
Justice Department Files Fair Housing Suit Against Washington State Apartments
Washington, D.C.–The U.S. Department of Justice has filed a suit against the owner, management company and former on-site manager of Summerhill Place Apartments.