Regions
$155M Mixed-Use Residential Project to Create Job, Put Spotlight on Downtown Indianapolis
Indianapolis–Undeterred by the economic slump and intent on boosting the local employment rate, a public-private team is proceeding with the development of a $155 million mixed-use residential property in downtown Indianapolis.
MHN Interview with Henry Cisneros: We Want to Build Housing For Working-Class Americans
Henry Cisneros talks to MHN about CityView and the company’s plans to focus on multifamily housing, as well as the big challenges in providing more housing options to Americans.
INVESTMENT: Marcus & Millichap Markets Arizona Property on Behalf of Receiver
Peoria, Ariz.–Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Suntree Apartments, a 216-unit 175,152-square foot distressed asset in Peoria, Ariz., a major suburb of Phoenix.
Pending Homes Sales Up Slightly, Condos May Not Benefit
Washington, D.C.–Since the expiration of the federal home sales tax credit earlier this year, sales of all kinds of residential property have been near catatonic.
Associated Estates Kicks Off Construction of 242-Unit Vista Germantown in Nashville
Nashville, Tenn.–Vista Germantown, an apartment community that will sit in downtown Nashville, moves closer toward realization as work gets underway on the 242-unit property.
Online Apartment Finder Reports Spike in Traffic
ForRent.com and its affiliate sites (including CorporateHousing.com and SeniorOutlook.com) report a 65 percent increase in traffic during August 2010 compared with the same month in 2009, according to the company, which specializes in providing information to apartment seekers.
INVESTMENT: HFF Markets 264-Unit Apartment Community in Indiana
Merrillville, Ind.–The Chicago and Indianapolis offices of HFF (Holliday Fenoglio Fowler, LP) announced today that they have been named to market for sale Broadmoor Country Club Apartments, a 264-unit multi-housing community in Merrillville, Ind.
With Renting Season Upon Us Apartments.com Offers Tips for Finding the Right Home
Chicago–The pool of apartment leasers is growing and it consists not only of those who rent for financial reasons but, as Apartments.com concluded in a recent survey, those who prefer to rent in order to live in neighborhoods that would be inaccessible to them as homebuyers.
NHC Urges Congress to Ensure Stable Supply of MF Housing
Washington, D.C.–The National Housing Conference (NHC) has issued a policy statement underscoring the importance of the nation’s multifamily housing finance system.
Manhattan Residential Market Stabilizing?
New York–Two reports on the Manhattan residential market covering the third quarter of 2010 were released recently, with both calculating their numbers in slightly different ways but nevertheless pointing to the same trend.