Regions
California Resort Town Gets First Affordable Apartments for Families
Big Bear Lake, Calif., is well known to Californians as a resort paradise, tempting folks with ski slopes in the winter and water sports in warm weather. Affordable housing is much needed for the workforce population serving the vacationers.
Halloween Tips for Multifamily Property Managers
Tips for property managers who want to set up Halloween celebrations in their buildings.
Today’s Deals: Beech Street Provides $19.9M Refinance for Georgia Apartments
Beech Street Capital provides a $19.9 million refinance; Marcus & Millichap sells a 17-unit property for $8 million; and Arbor closes nine Fannie Mae deals across all regions totaling $31.5 million.
Ford Motor Co. and Governor Jay Nixon Announce Historic $1.1 Billion Investment
By Gabriel Circiog, Associate Editor Missouri Governor Jay Nixon, senior executives from Ford Motor Co., and leaders of the United Auto Workers have announced a historic $1.1 billion investment in the Claycomo facility. Governor Nixon hailed the investment as the rebirth of the American auto industry. The investment will add 1,600 new jobs over the […]
New Seniors Housing Opens on West Side of Chicago
Habilitative Systems Inc. has opened the Enola A. Dew Apartments for Senior Living on the West Side of Chicago. The $10 million, 60-unit complex was funded by HUD and the city of Chicago Department of Housing.
Top 10 Tips for Acquiring Distressed Multifamily Properties
It is a great time to buy distressed apartment properties. That is, if you can find them, get them at the right price and effectively manage and lease them.
Every Dog Has its Day with Opening of Wag Club
Man’s best friend has a brand new friend. It’s Wag Club, a new doggy daycare center that opened Oct. 20 at One Brooklyn Bridge Park, the only residential development situated within the recently unveiled 85-acre Brooklyn Bridge Park.
ULI Report: Capital Markets Executive Recommends ‘Patience’
“Be patient” was the advice of executives opening day two of the ULI Fall Meeting. With the economy’s direction tough to predict right now but in their opinion unlikely to take a second dip into recession, waiting out the volatility will bear fruit.
MHN Interview: Michael Ytterberg of BLT Architects Takes on Cramped Apartments
Michael R. Ytterberg, principal, BLT Architects, speaks with MHN on the firm’s recent projects, and shares insight on maximizing space in an apartment.
TODAY’S DEALS: HFF Secures $15M for Community in Spokane
HFF secures $15 million in financing for a 256-unit property in Spokane, Wash.; Walker & Dunclop closes a $50.5 million Freddie Mac CME loan; and Red Mortgage Capital completes a $19.9 million financing for three seniors communities in northern-central Ohio.