A report from WHEC in New York. "A bank filed to foreclose on five Rochester properties owned by developer Bob Morgan, according to paperwork filed with the Monroe County Clerk's Office. The Tompkins Bank of Castile claims a number companies…
A report from the Washington Post. "Federal Reserve Chair Jerome Powell gave a speech a couple of weeks back that showed that financial regulators have learned many lessons from the 2008 financial crisis, but not the most important one, namely:…
A report from the Idaho Statesman. "Downtown Boise has become a popular residential neighborhood, with more than 300 new apartments, townhouses and condominiums opening in the past two years. Amid a virtual stampede of developers rushing to put up Downtown…
A report from News Channel 9 in Tennessee. "Construction in downtown Chattanooga might seem to be never ending. New apartments and condos pop up frequently around town, but is there enough demand for all of this growth? 'We had a…
A report from the Bakersfield Californian. "The average, per-unit sales price of multi-family housing properties in akersfield climbed last year to a whopping 17.8 percent year over year. That's 'pretty staggering,' said real estate agent Mark A. Thurston, senior vice…
A report from the Knoxville News Sentinel in Tennessee. "Knoxville is awaiting an increase in multifamily developments. There are more than 1,100 units under construction and scheduled to be completed in the next 24 months. 'When a market gets hot and…
A report from Nasdaq. "The struggle to lure renters is feared to continue into the near term as supply volumes are likely to remain aggressive. In fact, per the study by RealPage, in the past six months, demand could not…
A report from the Buffalo News in New York. "Rochester developer Robert C. Morgan's problems in Buffalo just got worse. The special loan servicer handling the $27.8 million commercial mortgage on the Raintree Island Apartments in the City of Tonawanda…
A report from the Wall Street Journal. "After a banner year, many small businesses are becoming more cautious about their investment and hiring plans. In parts of the country, real-estate markets seem less robust. Latitude 38 Housing Services, which provides…
A weekend topic starting with Kiplinger. "Debt pricing looms as the largest multifamily market mover in the coming year. Inexpensive debt capital and plenty of equity seeking placement in the multifamily market have supported rising property values in recent years.…