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    After the housing crash, Detroit’s revival was powered by mission lenders. Nearly 42 percent of investment in Detroit real estate was possible with financing from such alternative financing organizations. Urban Institute’s Brett Theodos filled MHN in on mission lending and its opportunities for expansion.

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  • New Apartments on Old Factory Site in Metro Charleston

    The Beach Co.'s 271-unit community is located in the Park Circle neighborhood and retail district. The site of the development was once home to the General Asbestos and Rubber Co.

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  • Top 10 Markets for Rent Growth

    Here are the 10 markets that, despite the nationwide trend of deceleration, have had the greatest year-over-year rent growth as of May 2017.

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  • Chicago Rents Inch Up; Highest Increase in Douglas Neighborhood

    2016 was a year of moderate rent increases in the city of Chicago. The average price for a rental in Chicago went up 5.9 percent year-over-year, closing the year at $1,738/month.

    22 May 2017 20:05
  • Seattle Mixed-Use Project Lands $80M Refi

    The more than 183,000-square-foot development comprises a 158-key hotel and a 93-unit community. Proceeds are being used to pay off the existing construction loan.

    08 August 2017 17:44
  • Sentinel Sells 122-Unit Brooklyn Community

    The property, which traded for $33 million, is located in the northern part of the borough’s Kensington neighborhood and includes studios, as well as one- and two-bedroom apartments.

    05 July 2017 11:12
  • Marcus & Millichap Facilitates $30M Sale of Affordable FL Asset

    Evan Kristol and Felipe Echarte, first vice presidents of investment, represented the seller, a New York-based investment group, and procured the buyer for Cabana Club Apartments, a 332-unit community for seniors in Miami-Dade County.

    21 July 2017 14:55
  • Rent Growth

    Rents were up 2.7% nationwide in March, down 10 basis points from February and exactly half the 5.4% growth rate of a year ago.

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  • Premier Developers Snags $65M for FL Condo

    Madison Realty Capital provided the loan for the Fort Lauderdale development. Called Riva, the property is two-thirds complete and scheduled for completion in September.

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  • MAG Appoints Regional VP

    Multifamily Ancillary Group has announced a new telecommunications and cable division, Next Wave Solutions, and has appointed telecom industry veteran Gregg Roffers to lead the firm's business development and marketing teams. He will also manage existing relationships with major apartment owners and managers.

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