Paul Cullen

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    Only nine out of the 139 neighborhoods included in a RentHop study have median asking rents that can be afforded with 35 percent of the area median income.

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    The new joint venture with Commercial Property Advisors will focus on providing multifamily advisory services for clients in Michigan. Cary Belovicz will lead the new organization as an executive managing director.

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    Eagle Park Apartments will be a 67-unit community which will house low-income veterans and households earning up to 60 percent of the Santa Clara County area median income.

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    The properties include Ava University District, a 289-unit community, near the University of Washington, and Fullerton University Village, a 100-unit community near California State University.

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