BALTIMORE After beginning as a home for a wealthy family, the Margaret Jenkins House served as an orphanage and a school for African-
Historic Rehab Finalists
DURAND, MICH. For some seniors here, their next apartment could have a familiar view.
BROOKLYN, N.Y. To keep hundreds of apartments at Spring Creek Gardens affordable, developers had to fight off a string of speculators who saw an opportunity to raise the rents.
Miami Rent Wars
North Beach, Fla.—In October 2008, managers at Marina del Mar cut their average apartment rents by more than $100 a month.
Company Buzz: Nov. 12, 2008
TCP wins a business growth award, Cree adds a new distributor, Andromeda moves into Miami, and Ledtronics announces a new LED architectural lighting sales manager.
Picking Up the Pieces
Greater Miami Neighborhoods (GMN), a wellknown nonprofit developer of affordable housing in Miami-Dade County, had been in business since 1985.
Condo Crisis Deepens
Miami Beach, Fla. — In February, buyers at one of the biggest condominium conversion projects in Florida started to get their deposits back.
APARTMENT FINANCE TODAY talked to Peter Dewes, vice president in the Miami office of Northmarq Capital, Inc., a real estate investment bank based in Minneapolis. He discussed how tightening lending standards combined with the shadow market caused by the condo glut is affecting the multifamily...
Huddled Masses No More
In the historic neighborhoods of Brooklyn, N.Y., a short train ride from Wall Street, international homebuyers are helping to keep the condominium market afloat.
COLUMBUS, OHIO - The Ohio Housing Finance Agency (OHFA) has approved $24.2 million in multifamily bonds for affordable housing developments.