Development: Page 13

  • Two-story apartment building with a pool in the foreground
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    Permission granted by Venterra Realty
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    DEALS + STARTS

    Venterra Realty grabs 2 brand-new Florida properties

     The company relied on its established relationships with lenders to secure two apartment communities built this year.

    By • Oct. 19, 2023
  • New complex of apartment buildings under construction
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    ewg3D via Getty Images
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    Apartment starts drop 31.5%

    In addition, permits for buildings with five units or more plummeted to 459,000 last month.

    By • Oct. 18, 2023
  • A modern apartment building situated next to a Colonial-style structure.
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    Permission granted by Roadside Development
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    D.C. aims to attract sustainable office-to-multifamily conversions

    While the pace of adaptive reuse projects has slowed, the city is offering incentives to bring more housing to the urban core.

    By • Oct. 16, 2023
  • A tall white apartment building.
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    Permission granted by Willow Bridge Property Co.
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    Former Lincoln division announces new name

    Willow Bridge Property Co., sold to Cadillac Fairview in February, now operates 180,000 units independently.

    By • Updated Oct. 13, 2023
  • Aerial picture of an apartment property.
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    Permission granted by Landmark Properties
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    Q&A

    How centralization can smooth an operator’s expansion to BTR

    Georgia-based Landmark Properties is known for student housing. Now it's moving into single-family rentals.

    By • Oct. 12, 2023
  • A row of homes with a red sign in the foreground that reads "FOR RENT."
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    Feverpitched via Getty Images
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    Turnover costs hold steady at nearly $4,000 per resident

    The lost revenue associated with flipping an apartment adds up, but there are things owners can do to keep renters in place, according to a new report.

    By • Oct. 11, 2023
  • A rendering of a mid-rise student dormitory building.
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    Permission granted by Gilbane
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    Moody’s: Student housing sees rebound

    Occupancy and rental rates have jumped since the pandemic, but inflation remains a hurdle for owners and developers.

    By • Oct. 11, 2023
  • A long, jagged building with a colorful mural on one side.
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    Permission granted by Newrock Partners
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    PROJECT SPOTLIGHT

    Mid-century modern mixed-use opens near Fort Lauderdale

    Oaklyn in Oakland Park, Florida, developed by Newrock and managed by Bozzuto, sits near the Atlantic oceanfront.

    By • Oct. 10, 2023
  • A grey single-family home.
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    Permission granted by Greystar
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    DEALS + STARTS

    Greystar adds 156 build-to-rent homes in Houston

    The multifamily developer will join D.R. Horton, KB Home, Lennar and other builders at the 2,303-acre master plan.

    By • Oct. 6, 2023
  • People on a street with brown and tan homes on either side.
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    Permission granted by Sunstone Two Tree
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    DEALS + STARTS

    Sunstone Two Tree gets approval for 3 projects in Phoenix

    The developer recently closed on the land for a 320-unit project.

    By • Oct. 5, 2023
  • An apartment building under construction.
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    CHUNYIP WONG via Getty Images
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    Energy-efficient multifamily projects eligible for expanded tax credit

    The Section 45L credit, revised under the Inflation Reduction Act, offers up to $5,000 per unit for certain certifications.

    By • Oct. 3, 2023
  • Blocks spell M and A
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    Nastassia Samal via Getty Images
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    Sumitomo Forestry to buy JPI’s operating platform

    JPI CEO Payton Mayes and Chief Financial and Investment Officer Mollie Fadule will operate the company within the Japanese conglomerate.

    By • Oct. 2, 2023
  • A tall glass-and-steel apartment building next to two othrers.
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    Permission granted by The Cordish Cos.
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    PROJECT SPOTLIGHT

    Cordish Cos. opens third high-rise in Kansas City, Missouri

    Three Light, the latest addition to the $9.7 billion Power & Light District, includes visual tributes to local jazz legends.

    By • Oct. 2, 2023
  • A crane lifts components onto a construction site
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    Permission granted by Vessel Technologies
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    Q&A

    Inside former Fannie Mae CEO’s plan to fix housing

    Hugh Frater, also a founding partner at BlackRock, thinks a pre-constructed housing system can help close the affordability gap.

    By • Sept. 29, 2023
  • Tan, four-story apartment with street in the foreground.
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    Permission granted by The Davis Cos.
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    Thought Leaders: September 2023

    Executives from Embrey Partners, The Davis Cos. and more talk about their latest challenges and successes.

    By Multifamily Dive Staff • Sept. 28, 2023
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    Fahroni via Getty Images
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    Study: Unused parking adds over $2M to typical multifamily projects

    A new white paper from Rutgers University found that reducing parking spaces could save money and minimize environmental impact.

    By • Sept. 26, 2023
  • A mid-rise modern apartment building.
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    Permission granted by FK Architecture
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    DEALS + STARTS

    240 units break ground near Gainesville, Florida, mall

    The Evergreen Westside will make use of a site rezoned for residential development in 2019.

    By • Sept. 26, 2023
  • A covered roadway, next to a glass-walled room with artwork on the walls.
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    Evan Joseph

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    PROJECT SPOTLIGHT

    Leasing begins at 200-unit, 27-story tower in the Bronx

    Maven, located in the Mott Haven neighborhood, features custom artwork panels by local and international artists.

    By • Sept. 22, 2023
  • Exterior view of multifamily residential building under construction.
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    Sundry Photography via Getty Images
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    Starts plummet 41%

    Permits for five-plus-unit buildings also dropped last month, while completions picked up as developers finished off existing projects.

    By • Sept. 21, 2023
  • A tall tower over a much shorter skyline.
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    Permission granted by Panepinto Properties
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    DEALS + STARTS

    $338M high-rise breaks ground in Jersey City’s booming Journal Square

    499 Summit Avenue’s 53-story tower will add 605 units to over 20,000 that are newly built or in development nearby.

    By • Sept. 20, 2023
  • A rendering of a mid-rise modern apartment building.
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    Permission granted by Anthem Development
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    DEALS + STARTS

    New transit-oriented district breaks ground near Dallas

    The first phase will include the 340-unit Lofts iThirty multifamily project, built on land originally zoned for a Sam’s Club.

    By • Sept. 15, 2023
  • Modern, detached white and grey homes with a street in the foreground.
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    Permission granted by Embrey Partners
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    Q&A

    Texas developer leverages construction pipeline to beef up its management platform

    Embrey Partners is also building out its third-party platform and weighing the role of centralization.

    By • Sept. 15, 2023
  • A pool area in front of an apartment tower.
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    Permission granted by Strategic Planning Partners
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    Water Street Tampa achieves WELL Gold Community Certification

    The neighborhood, which includes 1,200 rental units across three properties, is the first in North America to attain this standard.

    By • Sept. 14, 2023
  • A curved beige building with rows of square windows.
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    Highsmith, Carol M. (2011). "Robert C. Weaver Federal Building, headquarters of HUD, the U.S. Department of Housing and Urban Development, Washington, D.C" [Photograph]. Retrieved from Wikimedia Commons.
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    HUD begins second round of Green and Resilient Retrofit funding

    The first awards are expected to be announced this fall.

    By • Sept. 11, 2023
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    Justin Sullivan via Getty Images
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    California law clears path for UC Berkeley student housing project beset by legal challenges

    Gov. Gavin Newsom signed a bill into law Thursday allowing the project to go forward, marking a victory for the public university.

    By Laura Spitalniak • Sept. 11, 2023