Development: Page 2

  • Construction framing of wood building.
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    ribeirorocha via Getty Images
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    Apartment starts fall 38%

    Developers completed 538,000 units during January, a 53.7% YOY jump.

    By • Feb. 22, 2024
  • A rendering of a streetscape with The Field Residences written on one of the buildings.
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    Courtesy of Riverside Investment & Development
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    5 of the largest office conversions underway across the US

    Over 55,000 residential units are in the pipeline, concentrated in major metros.

    By • Feb. 21, 2024
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    gremlin via Getty Images
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    Trendline

    Rent Trends

    Seasonality, supply, concessions and more are top of mind for rental owners and operators across the country.

    By Multifamily Dive staff
  • A rendering of a mid-rise apartment building.
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    Permission granted by Fifield Cos.
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    DEALS + STARTS

    210 units go vertical next to future light rail stop in Miami

    Wynwood Station by Fifield Cos. will feature an industrial-style exterior inspired by its location.

    By • Feb. 20, 2024
  • More than a dozen Church of God in Christ and Enterprise Community Partners representatives raise a giant check in the air to mark the launch of an affordable housing initiative.
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    Permission granted by Enterprise Community Partners
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    Faith-based institutions take on the affordable housing crisis

    “Land-rich and cash-poor” religious institutions are among those looking at how they can meet their communities’ low-income housing needs while shoring up their finances.

    By Karen Kroll • Feb. 20, 2024
  • A high-rise apartment building.
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    Permission granted by Quarterra
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    PROJECT SPOTLIGHT

    Quarterra starts leasing 224 units in Denver’s Golden Triangle

    Kindred Apartments is the 11th Denver development for Lennar’s multifamily subsidiary.

    By • Feb. 20, 2024
  • New complex of apartment buildings under construction
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    ewg3D via Getty Images
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    Weak rent growth on the horizon for 2024

    The national average rent was unchanged last month as new supply dampened prices, according to Yardi Matrix.

    By • Feb. 15, 2024
  • Exterior picture of upper floor of a modern, white apartment building with corner balconies
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    Permission granted by UDR
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    UDR assumes ownership of Mill Creek lease-up development in Oakland

    The REIT had provided $45.2 million in preferred equity for the 173-unit asset.

    By • Feb. 15, 2024
  • A street sign marks the intersection of Wall and Broad Streets in Manhattan.
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    rabbit75_ist/iStock/Getty Images Plus via Getty Images
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    REIT Report

    Camden expects a ‘transition year’ for supply, with the highest concessions in Nashville and Austin

    Overall, the firm predicts property revenues to fall between 0.5% to 2.5%, with Southern California leading the way.

    By • Feb. 14, 2024
  • City skyline with high rises.
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    f11photo via Getty Images
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    Lender forecloses on Greystar tower in Dallas

    Areeif Lender W LLC, an affiliate of Ares Commercial Real Estate, has taken control of The Gabriella.

    By • Feb. 13, 2024
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    Permission granted by RKW Residential
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    PROJECT SPOTLIGHT

    Leasing opens for 108 BTR homes in Charlotte, North Carolina

    The Zora University community is located near the University of North Carolina at Charlotte campus, plus other employment centers.

    By • Updated Feb. 13, 2024
  • Low angle view of the Stock Exchange sign on the facade of the New York Stock Exchange on Wall street, Manhattan.
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    https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
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    REIT Report

    AVB generated $10M from its AvalonConnect rollout in 2023

    Like EQR, the REIT expects a slower year in 2024 with NOI growth of 1.25%.

    By • Feb. 12, 2024
  • An empty lot in a row of buildings.
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    Michael Young

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    DEALS + STARTS

    One of New York City’s last 421-a properties goes vertical

    The 7 Platt Street tower will add 250 units in the Financial District.

    By • Feb. 8, 2024
  • A section of a master plan map.
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    Permission granted by Craig International
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    DEALS + STARTS

    Developer buys 3,000+ acres for $6B community, Margaritaville resort near Dallas

    With 7,500 homes planned, Preston Harbor is expected to double the size of Denison, Texas.

    By • Feb. 6, 2024
  • Four people sitting below a large screen on stage at a conference.
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    Permission granted by National Multifamily Housing Council
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    4 takeaways from the NMHC conference

    The association’s packed event in San Diego last week featured lots of commentary about housing supply.

    By • Feb. 6, 2024
  • a man and woman walk on treadmills in an apartment gym
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    Getty/istock Akacin Phonsawat via Getty Images
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    Opinion

    Renters weigh in on their favorite workout room features

    As the Peloton bike wanes in demand, fitness equipment like CrossFit and TRX are tops with apartment residents, according to a new NMHC report.

    By Sarah Yaussi • Feb. 5, 2024
  • A rendering of a row of homes with people walking by.
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    Permission granted by Embrey
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    DEALS + STARTS

    San Antonio developer plans 318 BTR townhomes next to retail

    The Schertz, Texas, development will include EV chargers in its resident garages and throughout the property.

    By • Feb. 1, 2024
  • an empty row of EV chargers at a public park
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    Young777 via Getty Images
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    Is the EV revolution over?

    Despite a sales slowdown, apartment owners and developers should charge ahead with electric vehicle infrastructure, experts say.

    By Amanda Loudin • Jan. 31, 2024
  • Multi-colored, modern mid-rise apartments.
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    Permission granted by JPI
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    DEALS + STARTS

    JPI partners with Kroger for a project in Lewisville, Texas

    In another deal, the developer will build a workforce project in Ft. Worth.

    By • Jan. 31, 2024
  • A 2024 calendar with January circled in red
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    Getty/Baona via Getty Images
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    What apartment leaders need to know for 2024

    It’s anyone’s guess what will happen in the next 12 months, but these insights from multifamily pros can help bring the year into focus. 

    By Multifamily Dive Staff • Jan. 26, 2024
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    Permission granted by Denholtz Properties
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    Thought Leaders: January 2024

    Executives from Denholtz, StarPoint, Woodmont and more talk about their latest challenges and successes.

    By Multifamily Dive Staff • Jan. 25, 2024
  • An apartment building under construction.
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    CHUNYIP WONG via Getty Images
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    2024 OUTLOOK

    5 predictions for apartment development in 2024

    As starts fall, labor and land will be impacted.

    By • Jan. 24, 2024
  • Exterior view of multifamily residential building under construction.
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    Sundry Photography via Getty Images
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    Apartment starts fall 9.5%

    Permits for apartments in buildings with five or more units dropped 26.6% in December, showing the continued obstacles developers face with financing.

    By • Jan. 23, 2024
  • A rendering of a mid-rise apartment building.
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    Skidmore, Owings & Merrill

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    DEALS + STARTS

    Chicago developers set to break ground in Fulton Market

    The 220 N. Ada St. development will add 308 units in an expected slow period for new deliveries.

    By • Jan. 23, 2024
  • an interior shot of a high end apartment lobby
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    Permission granted by Woods Capital
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    Q&A

    AP exec sees growth in office conversion market

    Adolfson & Peterson’s Will Pender says the firm is seeing a record demand for projects that transform vacant workspaces into housing.

    By • Jan. 23, 2024
  • Cambridge, Massachusetts - Skyline at twilight.
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    Sean Pavone via Getty Images
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    Where land is scarce and housing is costly, some cities are looking up

    Jurisdictions across the country are relaxing zoning laws to allow for taller multifamily construction.

    By Amanda Loudin • Jan. 19, 2024