Lower Interest Rates Should Drive More Acquisitions in the Multifamily Sector

Lower Interest Rates Should Drive More Acquisitions in the Multifamily Sector

 Borrowers have an unexpected second chance to get low-interest financing to buy or re-finance apartment properties, thanks to growing worries about the slowing U.S. economy. This month, officials at the Federal Reserve cancelled plans to raise benchmark interest...
Apartments, Retail Planned in $16 million Development near Michigan Central Station

Apartments, Retail Planned in $16 million Development near Michigan Central Station

Sixty apartments and 5,000 square feet of retail are planned to rise in a four-story development near Michigan Central Station. The project being led by Detroit-based developer Woodborn Partners LLC is expected to cost $16 million, with construction beginning later...
Wayfair is Opening Up its First Store Ever, the Latest Internet Retailer to Grow Offline

Wayfair is Opening Up its First Store Ever, the Latest Internet Retailer to Grow Offline

Internet furniture retailer Wayfair is the latest company to go from clicks to bricks. Wayfair on Tuesday announced it will be opening its first full-service store at the Natick Mall in Natick, Massachusetts, which is managed by Brookfield Properties, in early fall of...