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The multifamily real estate apartment news headlines on this page are updated every day from thousands of sources around the web.

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Striving for to add more affordable homes in Saugus
GateHouse Media Thu May 03, 2007, 10:37 AM EDT Story Tools: | Saugus - There are currently a 737 Chapter 40B affordable housing units in Saugus, but that number falls short of the 10 percent goal of the Saugus Affordable Housing Committee.

Houston Capital Group Arranges $20M to Refinance 280-Unit Property
MAY 03, 2007 -- Parker, Colo. -- Harbor Capital Group, a Houston-based mortgage banking firm, has arranged $20 million in loans for the refinancing of a luxury apartment property in Parker, Colo.

Multi-Housing News
MAY 03, 2007 -- Washington, D.C. -- Consumer demand for apartments grew for the 15th consecutive quarter, according to the National Multi Housing Council's (NMHC) April 2007 Quarterly Survey of Apartment Market Conditions. The sector's strong conditions continue to attract equity investors with the availability of equity capital for apartments also rising for the 15th consecutive quarter.

Archstone Burlington complex sold for $71.7M
Boston Business Journal - 11:59 AM EDT Thursday, May 3, 2007 sold a 312-unit apartment complex to for $71.7 million.

Orion Residential Sells Out New Condo Community
MAY 03, 2007 -- Alexandria, Va. -- Orion Residential, a Chicago-based multifamily investment and condominium conversion company, has announced the closeout of the condo component of EOS twenty-one, a multifamily development in Alexandria, Va. EOS twenty-one, which also includes apartments, is the company’s first venture into the Washington, D.C. metro area condominium market.

Bistricer still bidding for Starrett
Councilman Charles Barron A rally was held yesterday at City Hall protesting the possible sale of Brooklyn's affordable housing complex Starrett City to Clipper Equities. Clipper, led by David Bistricer, is in the process of retooling his original $1.3 billion bid for the property by teaming with housing advocacy groups in an effort to prove he will not make the 5,881-unit complex unaffordable. Clipper's bid has been blocked by state and federal authorities, and tenants and elected officials con...

Guardian Management LLC Appoints Community Manager for Apartment ...
Lake Forest Park, Wash. -- Guardian Management LLC, a Portland, Ore.-based real estate management firm also specializing in multifamily housing investment opportunities, has selected Beth Donnelly as the property manager of Watercrest, an apartment community in Lake Forest Park, Wash.

Council delays discussion of fees to grow affordable housing fund
Free Press Staff The Marathon City Council during last Tuesday's general meeting postponed making a decision on a proposal to levy impact fees to raise funds for affordable housing.

County delays vote on affordable housing units
From Times Staff and Wire Reports May 2, 2007 Los Angeles County supervisors on Tuesday postponed for two weeks a vote on how much affordable housing to demand in new apartment developments planned for county-owned portions of Marina del Rey.

West End apartments change hands
Austin Business Journal - 2:54 PM CDT Wednesday, May 2, 2007 A local investment partnership has bought the Winflo Apartments in the West End area.

Chozick Realty Brokers $6.3M Apartments Sale in Connecticut
MAY 02, 2007 -- Waterbury, Conn. -- Chozick Realty Inc., a full-service commercial brokerage company located in Hartford, Conn., has completed the $6.3-million sale of the Regency Pointe Apartments in Waterbury, Conn. and 55 Morris Street, an apartment community also located in Hartford, Conn.

Senator Buzz Thomas Honored with Community Economic Development Advocate of the Year Award at the 2007 Michigan Conference on Affordable Housing
LANSING, Mich., May 1 /PRNewswire-USNewswire/ -- Advocates in the Affordable Housing and Community Development industry were honored today at the 9th annual Michigan Conference on Affordable Housing awards luncheon at the Lansing Center in Lansing, Michigan. The 2007 Michigan Conference on Affordable Housing has a focus on six main areas of Michigan's affordable housing issues: ending homelessness, homeownership, creating and preserving multifamily housing, community economic development, or...

Saugus' affordable housing board holds open forum tonight
SAUGUS - Affordable Housing Committee Chairman Janet Leuci believes there is a misconception on what constitutes affordable housing and she is hoping to clear that up with a public forum tonight.

CBRE Arranges Sale of 126-Unit Apartment Complex
MAY 01, 2007 -- Poway, Calif. -- CB Richard Ellis (CBRE) has announced that MG Properties’ MG Valle Apartments LP has purchased the Valle West Apartments in Poway, Calif. for $15.9 million.

Affordable housing complex in the works for Greer
GREATER GREER NEWS What's your view? to add your comment to this story. A developer is seeking the city of Greer's support in building an affordable housing townhouse complex near Greer Mill.

Condos in the Country
Big new development projects around New York City Trio in Palisades Park, New Jersey Stamford, CT Glenview House

WHY 'SADOWSKI?'
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Urban redo: Brothers creating infill projects in historic Phoenix neighborhoods
The Business Journal of Phoenix - April 27, 2007 by The Business Journal Story Images Jag Development, a Phoenix-based urban infill developer, has broken ground on an ultra-modern, multifamily project northeast of downtown in the North Garfield Historic District.

Complete Story
AFFORDABLE HOUSING FINANCE • MAY 2007 With 31,418 units, Michaels Development Co. is the largest owner of affordable housing, and with 1,856 units started in 2006, The NRP Group is the top developer, according to a national survey by Affordable Housing Finance.

Regional Report: West: Policy Moves Hit the West
AFFORDABLE HOUSING FINANCE • MAY 2007 Several important housing policies have been adopted or proposed in the West in the last several months, a sign of the depth of the affordable housing problem across the region.



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