July 20, 2011 Foreclosure auctions involving lenders are a typical option investors use to acquire distressed properties. However, many investors are acquiring properties by opting to purchase a foreclosing lender’s note and mortgage at a discount. This article examines common pitfalls relating to collecting rents when an investor purchases a note and mortgage on distressed commercial properties. Read more...
July 19, 2011 Ryan Companies US, Inc. has announced plans to develop and construct Thomas Place Gurnee, a 100-unit affordable senior apartment community. The $25.4 million development is the third project in Chicago’s northern suburbs Ryan has created with its joint venture development partner, Jim Bergman. Read more...
July 19, 2011 NAI Global announced today that it is expanding its coverage into Indianapolis with the signing of Meridian Real Estate, LLC. The firm will now operate as NAI Meridian. Read more...
July 19, 2011 A steady recovery continued in the Chicago industrial market during the second quarter as vacancy dipped 20 basis points on the strength of numerous big deals. But as medium-sized firms still struggle and vacancy remains elevated from historical norms, the market is still far from healthy, reports NAI Hiffman’s second quarter analysis. Read more...
July 19, 2011 Newmark Knight Frank Epic has completed new lease and lease renewal transactions in Aurora totaling more than 380,000 square feet of space. Newmark Knight Frank served as the tenant representative in all three deals. Read more...
July 19, 2011 M & M Pump & Supply, Inc. leased approximately 1,547 square feet of office space in Olivette, Mo., from 1121 Partners, L.L.C.. Read more...
July 19, 2011 New York-based multi-family lender Centerline Capital Group recently hired two multi-family lending veterans to help the company expand its business in the Midwest. Read more...
July 19, 2011 Aaron Abelson, senior vice president for the Midwest region of Alliant Capital, sees the same thing we all do when he looks at the nation's housing market: Housing values are falling. Foreclosures are far too high. And a growing number of underwater homeowners are walking away from their mortgages. To Abelson this means that the country's multi-family renting market will remain strong for some time. Read more...
July 18, 2011 Q10|Triad Capital Advisors of Cincinnati recently turned to life insurance companies -- rather than Fannie Mae or Freddie Mac -- to recently close three multi-family loans. Read more...
July 18, 2011 The Indianapolis-Cincinnati Multi-Housing Group of CB Richard Ellis recently completed the sale of Quail Run, a 166-unit apartment community located in Zionsville, Ind. Read more...
Loading ...