Tag: multi-family

Apartment vacancies starting to fall?

At least one group of housing-industry entrepreneurs are feeling a bit of relief in this dismal economy: the owners and managers of apartment buildings in Chicago and the rest of the country. According to a new survey from Rent.com, a growing number of apartment property managers and owners are seeing lower vacancy rates in their... Read more »

Multi-family housing still hanging tough

Mike Jehle, Midwest regional director for Arbor Commercial Mortgage, a direct mortgage lender, didn’t hesitate when I asked him which real estate sector was the strongest these days. He told me it was multi-family, by just about any measure you could use to evaluate success. I didn’t doubt this. Everyone I talk to tells me... Read more »

That rent vs. buy question doesn't look so obvious anymore

During the height of the residential real estate boom I’d often write the rent-vs.-buy story. If you’ve read the real estate section of any newspaper in the last 10 years, you’ve undoubtedly stumbled across some version of this story: Does it make more financial sense to buy a home or rent an apartment? During the... Read more »
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Chicago not only green-building pioneer in the Midwest

For all his flaws, Mayor Daley has done at least one thing right during his long tenure as mayor of Chicago: He’s encouraged developers, whether they’re building in the heart of downtown Chicago or on the far South Side, to build green and environmentally friendly buildings. We have an awful lot of garden rooftops in... Read more »