Regions
Recently Passed Senate Bill Addresses Low Income Housing Tax Credit Issues
While it may seem that Congress has been focused exclusively on health care legislation, a $100 billion jobs measure that passed the Senate on Wednesday contained several provisions important to the multifamily housing industry.
DEAL OF THE DAY: Alliant Capital Refinances Two Chicago Properties
Alliant Capital LLC made a $1.6 million refinance of Kedzie Boulevard Apartments,
Michael Mullin Joins Integrated Business Systems
Michael Mullin has joined real estate automation systems provider Integrated Business Systems (IBS) in Fairfield, N.J. as vice president of sales and marketing.
Under LeasingDesk’s New Product, Gaps in Resident Liability Coverage Will Be Covered
LeasingDesk’s RenterProtection, a supplemental insurance product that provides limited liability coverage to the owner in the event a renter’s insurance policy lapses, is canceled, or the renter has no insurance, has now been released.
New Legislation to Remove Home Buyer Tax Credit Marriage Penalty
Representative Eliot Engel (D-NY17) recently introduced legislation that would amend the Internal Revenue Code of 1986 eliminating the so called ‘marriage penalty’ from the Home Buyer Tax Credit.
Georgia to Require Submetering in All Multi-Housing Communities
The state of Georgia has become the first state to require by law the sub-metering of multifamily, commercial and industrial buildings.
Gus Remppies Appointed President of Grubb & Ellis Apartment REIT
Grubb & Ellis Apartment REIT, Inc. has appointed Gustav G. “Gus” Remppies president of the company, effective immediately. Stanley J. “Jay” Olander, who had served as president since
Evergreen Equity Seeking Southern Multifamily Properties
Evergreen Equity Partners is going shopping for multifamily properties in the South, including Florida, North Carolina, South Carolina, Alabama and Texas.
New LEED Platinum Apt. Building in Conn. Opens Leasing Office
Residential leasing has begun at 360 State Street
DEAL OF THE DAY: Franklin Street Brokers Bank Sale of 10%-Occupied Property
Franklin Street Real Estate Services facilitated the sale of the 20-unit Parkview Apartments, which had been foreclosed on by the lender more than one year ago. The property had a variety of physical and operational challenges and was 10 percent occupied at the time of sale.