Regions
Illinois Launches Affordable Housing Preservation Initiative
The Illinois Housing Development Authority (IHDA) has launched a statewide initiative to preserve affordable rental homes in Illinois.
Owners, Managers Can Now Outsource Revenue Management to YieldStar
Property owners and managers often want to utilize revenue management without having to incur the costs and staffing to support it within their company.
Walker & Dunlop Achieves Freddie Mac Status in New York Metro Area
Freddie Mac has approved Walker & Dunlop as a Program Plus Seller/Servicer in the New York metropolitan region.
Condo Sales Rise Since Last January: NAR
Sales of existing condominiums and co-ops slid 8.1 percent to an annualized rate of 620,000 in January, according to the National Association of Realtors, down from 675,000 in December.
New Harlem Co-Op Opens Doors to Residents
Resident move ins have begun at Ellington on the Park, a new cooperative building in Harlem. The Ellington features 133 homes, and also includes 3,420 square feet of ground floor retail space, a gym, a courtyard, and a 31-car underground parking garage.
DEAL OF THE DAY: Arbor Closes $3,127,600 Fannie Mae DUS Loan at 6.15% Interest
Augusta, Ga. – Arbor Commercial Funding LLC announced the recent funding of a $3,127,600 loan under the Fannie Mae DUS product line for the 64-unit complex known as Avalon Apartments in Augusta, Ga.
Spanish Firm Wants to Buy Distressed Assets in Manhattan
Espais Promocions Immobiliàries (Espais) plans to continue its expansion internationally by developing new projects in Florida and pursuing the acquisition of several properties in the New York market.
New Study Examines Sustainable Planning Issues
A new report issued by the Partnership for Sustainable Communities discusses the challenges and opportunities presented by sustainable development.
California Awards $3M For Multifamily Energy Retrofits
The state of California has awarded $3 million from the State Energy Program to a partnership of the San Francisco Mayor’s Office of Housing, Enterprise Community Partners Inc. and the Low Income Investment Fund.
Average Apartment Rents Decreased by 4% Over Last 6 Months
Over the last six months, the average rent for an apartment has decreased by 4 percent or about $40 to an average of $961 per month