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How to integrate the arts into new multifamily projects
Developers are engaging current and potential residents by featuring original work from local artists and offering creative amenities.
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DEALS + STARTS
Landmark assembles 20 parcels for Florida project
The developer is building an 859-unit luxury student housing project in Tallahassee.
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Q&A
Public-private partnerships help fill Indianapolis developer’s pipeline
Flaherty & Collins Properties has carved out a niche as a company that helps Midwestern towns attract new residents.
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DEALS + STARTS
St. Louis mixed-use development adds 270 units in second phase
The $125 million Vande East at City Foundry adds to a retail property completed in 2021.
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DEALS + STARTS
Eden sells new Florida property for $73M
The developer was able to move the asset ahead of schedule without advertising widely.
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REIT Report
‘Unprecedented’ concessions from competitors put pressure on UDR
Sun Belt supply is an issue, but the REIT also sees increased competition on the coasts.
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Automaker Fiat lends name to New Jersey apartments
Fiat House, located across the Hudson River from Manhattan, will offer electric vehicles for resident use.
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UC Santa Barbara cancels ‘Dormzilla’
A separate 2,250-bed project is now planned for the site originally intended for the controversial Munger Hall.
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7 tips for securing your leasing office
A rental agent and resident were held up at gunpoint recently in Houston. Here’s how to prevent crimes on site and keep workers and property safe.
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REIT Report
Bad debt, oversupply suppress Camden’s Q3 results
Delinquencies, skips, fraud and lease breaks have jumped for the firm in the second half of the year.
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Fed pause gives hope that deals could pick up
After the central bank’s announcement last week, the 10-year Treasury fell 40 basis points from October’s high.
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For model units, demographic appeal is key
Here’s how apartment owners can zero in on the look that best fits their property.
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Retrieved from Lendlease on August 15, 2023
Lendlease, Google kill $15B Bay Area project
Citing current market conditions, the Australian construction giant said both companies agreed the development was no longer mutually beneficial.
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DC files suit against RealPage, 14 landlords
Attorney General Brian Schwalb accused the defendants of unlawfully agreeing to exchange competitively sensitive data.
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PROJECT SPOTLIGHT
Cleveland high-rise spotlights education, wellness
The 298-unit Artisan tower features a gear room for outdoor equipment rentals and a rooftop guest lecture venue.
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https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty ImagesREIT Report
AVB adjusts return expectations on new development
Move-outs to new homes fell for AvalonBay, but executives expect market deceleration in 2024.
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40 condos coming to Manhattan’s Flatiron Building
The conversion, led by the Brodsky Organization, follows a series of auctions for the historic property.
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Israel-Hamas war could spike fuel prices, World Bank says
The outlook for commodity costs will “darken quickly” if the Mideast conflict escalates, the international lending institution said this week.
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Behind the scenes of the JPI-Sumitomo deal
JPI CEO Payton Mayes sees an opportunity to move into new markets when the time is right.
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DEALS + STARTS
Kaplan secures 20-acre Florida site for $5.2M
The developer plans to build five three-story buildings with elevators.
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REIT Report
MAA’s new lease rents fall due to competitors’ concessions
A glut of new supply is providing obstacles and opportunities for the REIT.
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Q&A
Market volatility requires proactive financial strategies
There are several ways that apartment operators can manage rising expenses, according to a CRE executive.
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Don’t let the bed bugs bite your tenants
A proactive approach can help property managers prevent the parasitic insects from becoming a problem.
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Opinion
‘Yes in God’s Back Yard’ law aims to help battle California’s housing crisis
The recently signed bill allows religious groups and nonprofit colleges to build affordable housing on their land without strict adherence to zoning standards.
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Goldman sees high home prices, mortgage rates for next year
The backlog of multifamily units already under construction has grown 56% since 2020, and the pipeline for new projects has begun to narrow, the global banking firm said.