Properties serve up creative food, beverage offerings

Concepts include drinks on tap, grab-and-go markets and bar spaces open to the public.

Updated March 21, 2024

Florida family sues Highmark, Starwood entity after fatal explosion

Mikeanesha Moore’s Orlando apartment, which was newly leased, was found to have an uncapped and unplugged gas line, according to a lawsuit.

Updated March 21, 2024

$1.5B Detroit mixed-use project delayed

District Detroit, developed by the Related Cos. and Olympia Development of Michigan, was initially scheduled to start construction last summer.

Brooklyn properties transferred to servicing

Three of Conway Capital’s New York City properties are delinquent despite strong occupancy.

6 multifamily projects showcase award-winning design

The National Association of Home Builders recognized developments from across the country in its recent awards program.

Updated April 1, 2024

Multifamily logs biggest jump in distress in 18 months

The sector’s 80 bps increase was higher than any other commercial real estate segment.

Rents rise slightly, ending 7-month decline

Market trends are in flux, with deliveries on the rise and occupancy falling.

Student housing firm sets sights on Power Five conference schools

Champion Real Estate avoids the amenity wars by purchasing and renovating older properties.

Venterra Realty joins 3,200-acre master-plan near Houston

The developer’s Camber Ridge is one of two multifamily properties at Cross Creek Ranch.

Balfour Beatty, C.J. Coakley sued for alleged wage theft on Virginia apartment project

A class action lawsuit alleges that Coakley failed to pay its workers on time and in some cases not at all, while Balfour Beatty was aware of the issues.

How operators can use big data

A framework for analyzing disparate data sets can help providers notice and take advantage of patterns, according to a tech consultant.

REITs see hurdles for new acquisitions

With asking cap rates still around 5% in many markets, most executives think sellers need to adjust prices.

Capital Square names Jay Olander as president and CFO

A 40-year real estate veteran, Olander will also serve as CFO and treasurer of Capital Square’s REIT.

Shoreham Capital sells SFR community near Orlando, Florida

The developer went under contract over two years ago with a state pension fund for the 175-home community.

Hoboken Point caters to NYC-area ‘hybrid’ professionals

The Weehawken, New Jersey, property that will be managed by Greystar includes a 5,200-square-foot coworking center.

More Veritas apartments hit the market in San Francisco

The owner has defaulted on $1 billion worth of loans that were backed by more than 2,450 apartments across the city.

Family of man slain at DC apartment files $25M lawsuit against owner, manager

The suit alleges CIH Properties did not provide adequate security at the complex.

FTC, DOJ argue against dismissal of Yardi antitrust case

The agencies contend that competitors must not agree to advertised list prices, even if actual rents vary from that starting point. 

FCC proposal would eliminate broadband bulk billing arrangements

If approved, multifamily housing companies would not be able to choose an internet, cable or satellite provider for a property.

Blighted New Jersey tower changes hands

Hudson Valley Property Group worked for two years to cobble together financing to close the 21-story Northgate Apartments in Camden.

New Florida apartment designed as a ‘neighborhood social hub’

Society Orlando’s common areas include a 50,000-square-foot pool deck and a lobby with a public bar.

Powell predicts commercial real estate woes will most afflict smaller banks

The Fed, bankers and commercial real estate executives have warned of turbulence as property owners struggle to refinance debt at higher rates.

Nearly 50 banks have multifamily loan issues

At the end of 2023, 49 financial institutions had apartment nonperforming loans greater than 5% of total multifamily loans, according to a report from Fitch Ratings.

NAHB: Multifamily starts will continue to decline in 2024

New construction is expected to drop 20% this year, while rents should fall as supply comes online, the association said.

Dallas, Atlanta lead the way for apartment sales

Both metros held the top spots despite transaction declines of more than 50%, while Chicago and New York City’s boroughs moved into the top five.