Development: Page 9
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Arturo Rosenow via Getty Images
Multifamily logs biggest jump in distress in 18 months
The sector’s 80 bps increase was higher than any other commercial real estate segment.
By Leslie Shaver • March 18, 2024 -
Permission granted by Venterra Realty
DEALS + STARTSVenterra Realty joins 3,200-acre master-plan near Houston
The developer’s Camber Ridge is one of two multifamily properties at Cross Creek Ranch.
By Mary Salmonsen • March 15, 2024 -
Permission granted by Hartz Mountain Industries
PROJECT SPOTLIGHTHoboken 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.
By Mary Salmonsen • March 12, 2024 -
Permission granted by Shoreham Capital
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.
By Leslie Shaver • March 12, 2024 -
Permission granted by Baker Barrios Architects
PROJECT SPOTLIGHTNew 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.
By Mary Salmonsen • March 7, 2024 -
Joe Raedle via Getty Images
Multifamily developer confidence remains negative
Tight lending standards and high loan costs have put pressure on the industry.
By Mary Salmonsen • March 4, 2024 -
Permission granted by Landmark Properties
DEALS + STARTSLandmark breaks ground on 1,286 beds near University of Southern California
The Standard at Los Angeles is the developer’s second student housing project in the city.
By Mary Salmonsen • March 1, 2024 -
Permission granted by JPI
Deals + Starts: February 2024
Fifield, Universe Holdings, Moinian Group, JPI and others were in the news this month.
By Multifamily Dive Staff • March 1, 2024 -
Permission granted by Structured Development
PROJECT SPOTLIGHTStructured Development completes multiphase project in Chicago’s Lincoln Park
Wendelin Park encompasses three types of properties: co-living, affordable-rate for-sale condos and market-rate rentals.
By Mary Salmonsen • March 1, 2024 -
JaysonPhotography via Getty Images
REIT ReportMAA sees new lease pricing improve after 7% fall
The REIT’s blended pricing rose 130 basis points in January, and the firm expects fundamentals to improve as the year plays out.
By Leslie Shaver • Feb. 26, 2024 -
ribeirorocha via Getty Images
Apartment starts fall 38%
Developers completed 538,000 units during January, a 53.7% YOY jump.
By Leslie Shaver • Feb. 22, 2024 -
Courtesy of Riverside Investment & Development
5 of the largest office conversions underway across the US
Over 55,000 residential units are in the pipeline, concentrated in major metros.
By Mary Salmonsen • Feb. 21, 2024 -
Permission granted by Enterprise Community Partners
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 -
Permission granted by Fifield Cos.
DEALS + STARTS210 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 Mary Salmonsen • Feb. 20, 2024 -
Permission granted by Quarterra
PROJECT SPOTLIGHTQuarterra starts leasing 224 units in Denver’s Golden Triangle
Kindred Apartments is the 11th Denver development for Lennar’s multifamily subsidiary.
By Mary Salmonsen • Feb. 20, 2024 -
Permission granted by UDR
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 Leslie Shaver • Feb. 15, 2024 -
ewg3D via Getty Images
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 Mary Salmonsen • Feb. 15, 2024 -
rabbit75_ist/iStock/Getty Images Plus via Getty Images
REIT ReportCamden 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 Leslie Shaver • Feb. 14, 2024 -
f11photo via Getty Images
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 Leslie Shaver • Feb. 13, 2024 -
https://www.gettyimages.com/detail/photo/stock-exchange-sign-royalty-free-image/157338910?phrase=wall%20street&adppopup=true via Getty Images
REIT ReportAVB 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 Leslie Shaver • Feb. 12, 2024 -
Permission granted by RKW Residential
PROJECT SPOTLIGHTLeasing 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 Mary Salmonsen • Updated Feb. 13, 2024 -
Michael Young
DEALS + STARTSOne 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 Mary Salmonsen • Feb. 8, 2024 -
Permission granted by National Multifamily Housing Council
4 takeaways from the NMHC conference
The association’s packed event in San Diego last week featured lots of commentary about housing supply.
By Leslie Shaver • Feb. 6, 2024 -
Permission granted by Craig International
DEALS + STARTSDeveloper 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 Mary Salmonsen • Feb. 6, 2024 -
Getty/istock Akacin Phonsawat via Getty Images
OpinionRenters 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
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