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Economy Watch: Median Rents Up In November in Most Markets

December 6, 2017 |

The national median rent for one-bedroom apartments dropped for most of the year, but recovered beginning in September, according to a recent ABODO report.

The national median rent for a one-bedroom apartment is up to $1,040 in December, or a … Read More

Gilbert adds Buhl Building, Harvard Square Centre to portfolio

December 4, 2017 |
  • Dan Gilbert adds historic skyscraper, Broadway building to downtown Detroit portfolio
  • Separate deals include 652-space parking garage
  • “Significant” investment expected at all three properties

Detroit real estate and mortgage maven Dan Gilbert has purchased three more downtown … Read More

Top Multifamily Amenities and Services to Consider Next

December 4, 2017 |

Panelists speaking at the 2017 Marcus & Millichap Multifamily Forum in Dallas acknowledged that multifamily’s techno buzz is alluring but advised keeping a finger on the human touch when considering what amenities to pursue in the future. The expense and … Read More

Top 10 Cities With the Largest Rent Increases

December 4, 2017 |

The Rent Is Too Damn High is an actual political party in New York City that has nominated candidates for mayor since 2005. But the Big Apple isn’t the place where rents are climbing fastest. SmartAsset set out to find … Read More

Detroit: From Motor City to Housing Incubator

November 16, 2017 |

The 2008 financial crisis and 2013 city bankruptcy gutted Detroit’s housing market. Now,Detroit is experimenting with unorthodox ways to get people to buy homes and renovate houses.

DETROIT — Bank of America and JPMorgan Chase, the … Read More

13 acres in Ferndale and Pleasant Ridge to be redeveloped into residential, retail, and office space

November 9, 2017 |

A large redevelopment project that straddles the cities of Ferndale and Pleasant Ridge is one step closer to reality, thanks to the recent approval of brownfield tax credits from the Michigan Strategic Fund.

In an area more recognizable for its … Read More

U.S. Multifamily Lending Up 8 Percent Last Year

October 31, 2017 |

According to the Mortgage Bankers Association, U.S. multifamily lending was up 8 percent year over year in 2016, with nearly three thousand different multifamily lenders providing a total of $269.2 billion in new mortgages for apartment buildings with five or … Read More

The Trends and Future Growth of Multifamily Real Estate Amenities

October 30, 2017 |

The growth of the multifamily housing market has been driven by both the migration of empty-nest baby boomers looking to downsize into urban communities and the barriers to property ownership facing millennials in the post-recession marketplace. Urban areas remain highly … Read More