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Grand Rapids, Mich.—One of Michigan’s largest apartment communities has changed hands for $100.4 million. Atlanta-based full- service multifamily investor Cocke Finkelstein made its first acquisition in Grand Rapids with the purchase of Ramblewood Apartments. At 1,710-units, the new owners will certainly be busy with upgrades, as Cocke Finkelstein plans to make significant capital investments into the property. CFLane, the management subsidiary of Cocke Finkelstein , will handle daily operations at the community, which was 98 percent occupied at the time of sale. Why Grand Rapids? Well the city sees significant job growth , low unemployment, and average apartment occupancy of 98 percent and limited new construction, according to the new owner. Ramblewood was built in phases from 1972 and 1985. There are two campuses that stretch across 188 acres. Amenities include an indoor pool, business center, 55,000-square-foot tennis and health club facility , a 24- hour fitness center , ba...

The kids are not all right—or so the click-bait headlines would lead you to believe. There are countless stories about those flighty millennials who job-hop every year, are crazy-obsessed with their iPhone phablets and shell out too much on  Instagrammable avocado toast or kale smoothies to move out of their parents’ basements and ( gasp !) pay their own rent. There's more than a hint of truth to that last part. About 15% of 25- to 35-year-olds were still crashing with their folks in 2016, according to a  Pew Research study . And that leaves 85% either cramming into apartments with friends or living solo. The young-at- heart data team at realtor.com® decided to dig into these numbers. As it turns out, where millennials are living plays a big role in whether they   are   most likely to live alone, as opposed to with their folks. And there's a lot of variation across the country, we learned. Related Articles "We definitely see a larger percentage of millennials living at...

Kelci Holman and Nicholas Beardsley July 29, 2017, in Philadelphia Hello there Every day after work at the Fox Chase Cancer Center lab , Kelci took the train to see Nic, the guy she had met as they both learned how to mentor incoming freshman honors students two weeks before. Between Fox Chase and University City, the Roslyn native came up with what she hoped were reasonable excuses for her to be on campus, because Nic was interesting, and cute, and so funny. “She’d say something like, ‘Oh, I’m in town to do something with a friend, but if you’re going to be around later, we could hang out,’ ” Nic, who was then a rising sophomore architecture major , remembered. There were group outings, such as seeing Batman in IMAX. But sometimes, it was just the two of them. “We both love watching the Olympics, and so I’d be like, ‘Oh! Let’s go watch swimming!’ or something,” said Kelci, who...

EAST CHICAGO, Ind. – The smell of burning bacon stirred Demetra Turner from her makeshift bed on the floor, a stack of quilts the only padding between her body and the ground. Long gone was her mattress, tossed into a dumpster with her couch, her recliner, her favorite theater chairs , her kids' beds. She had thrown them out on instructions from health officials , who said everything in the West Calumet Housing Complex was poisoned with arsenic and lead. Everyone must move, Mayor Anthony Copeland said last August, because the land was too dangerous to live on. But now it was May, and Turner and her children were still trying to escape. She shuffled past barren walls , packed boxes and cases of bottled water. "Who cooked that bacon?" Turner, 44, asked her 18-year-old son, Jeremiah. He sheepishly replied, "I did." She smiled and shook her head. He was just trying to help, she knew. Her overnight job at a gas station left her exhausted, and everyone in the fami...