The Latest
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2023’s biggest multifamily events
It’s time to plan for this year. Multifamily Dive has you covered with a full list of the industry conferences, expos and meetings coming up.
Updated Jan. 9, 2023 -
How apartment managers can crack the TikTok code
The controversial app has become the newest frontier in multifamily marketing as its core user base — Gen Z — comes of age.
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DEALS + STARTS
Mixed-use project breaks ground in Miami’s Wynwood Arts District
The Wynwood Plaza will feature a landscaped pedestrian thoroughfare by the designers of New York City’s High Line.
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National average rent unchanged in February
Affordability, economic conditions and supply and demand will determine the near-term future of the spring renting season.
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Eyeing national expansion, Northland opens second HQ in Texas
The Newton, Massachusetts-based firm also added Jeff England as vice president of multifamily.
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Bank failures cause uncertainty for contractors
The collapses of Silicon Valley Bank and Signature Bank could weaken this year’s outlook for commercial real estate and construction, an economist said.
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Failed Signature Bank had a deep reach in the NYC rental market
The lender funded approximately 3,000 apartment buildings in the city, according to one source.
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CBRE: Looming oversupply will be short-lived
Even with a surplus of multifamily development over the short term, an additional 2.3 million new units will be needed nationwide over the next 10 years, according to a new analysis.
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DEALS + STARTS
Developer breaks ground on third community in Northwest Arkansas
With The Junction of Scottsdale, Mia Rose Holdings has 614 units underway in the region.
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Q&A
How multifamily builders are getting ahead of inflation
Bozzuto Construction’s newly minted VP advocates for the use of 3D modeling tech to increase efficiency.
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Sonder, Latch among companies with deposits at beleaguered SVB
The collapse of Silicon Valley Bank could affect both multifamily borrowers and technology suppliers.
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When will apartment sales return?
The Federal Reserve signaling a slowdown in interest rate hikes could be the start of bringing certainty to the market.
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HUD chief targets rental fees, tenant screening
Secretary Marcia Fudge says landlords should eliminate “duplicative, excessive and undisclosed fees” and identify “bottom-line” amounts tenants will pay.
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Cadillac Fairview completes acquisition of Lincoln’s residential division
Lincoln CEO Tim Byrne is retiring as a new group of leaders takes the helm at the Dallas-based company.
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To fight e-bike fires, New York state and city lawmakers crack down on unsafe batteries, chargers
“Reconditioned and untested batteries are contributing to a serious threat to the health and safety of New Yorkers in their homes and in their jobs,” state Sen. Liz Krueger said.
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DEALS + STARTS
Standard Communities grabs a controlling interest in more than 3,000 affordable units
The purchase marks Standard’s first acquisition in Florida and its first affordable purchase in Georgia.
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Opinion
Florida, Southeast poised to lead second-half comeback for developers
With a few savvy tactics, developers can be ready to benefit from the next round of industry growth, according to a Florida-based Ryan Cos. executive.
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Senators urge DOJ to investigate RealPage
The group of legislators recently wrapped up an investigation of the firm’s rent-setting software.
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The cities with the highest, lowest rental vacancy rates
The national rate has held relatively steady over the past four quarters, according to Census data.
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Coastal developers, owners brace for ‘outrageous’ jump in insurance costs
Extreme-weather events and population growth have driven up the price of insurance for apartment companies, according to a new report.
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MBA expects multifamily lending to fall 16%
Five percent of nonbank multifamily mortgages are slated to mature in 2023.
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‘We’re not going to have one’: AGC economist dismisses a 2023 recession
A strong U.S. economy should fend off recession concerns this year, said Ken Simonson, chief economist for Associated General Contractors of America.
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HUD loan volume falls
Despite the slowdown, the agency’s existing loans could be coveted by borrowers this year.
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3 award-winning multifamily projects highlight excellence in design
The developments received top awards from the National Association of Home Builders.
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Capital Commitments
Why Three Pillars is betting on distressed buys
The Houston-based private equity firm tapped into investors from the U.S. and the Middle East to help target Sun Belt properties.