Business Specialties
Economy Watch: Construction Spending Drops in September
The Census Bureau reported that construction spending during September 2014 came in at an annualized rate of $950.9 billion, a drop of 0.4 percent compared with August.
The Spot Experience-Silverstein Properties Unveiling is No Shaggy-Dog Story
Pet care services provider The Spot Experience has launched the first-ever full-scale onsite pet services residential amenity. The 9,000-square-foot state-of-the-art facility is offered in partnership with Silverstein Properties on the lobby level of Silver Towers, along 42nd Street.
The Secret to a Successful Resident Event
Looking to scare up some interest at your resident events? Follow the lead of Newport, a multifamily community in Jersey City, N.J., which recently held a successful Halloween carnival. MHN talked to Maya Autret, director of marketing, Newport Associates, before they ran the carnival, and talked about their secrets for well-attended resident programs.
Downtown LA Pricing Record Shattered by Kor Group on Barker Block
Warehouse No. 1 at Barker Block has sold out, making it the fastest-selling residential project in Downtown Los Angeles.
ULI Special Report: Strong Rental M-F Market Driven by Record Student Debt, Cautious Millennials
“Do we have a boom or do we have a bust in the multifamily industry?” John Healy Jr., co-founder & principal of Hyde Street Holdings LLC, asked that question as he opened the “Rental Multifamily Housing: New American Dream or Classic Bubble?” panel at the Urban Land Institute’s Fall Meeting, held in Manhattan last week.
Alliance Apartment Property in Arizona Wins LEED Platinum
Broadstone Lincoln, a 264-unit multifamily development in Scottsdale, Ariz., has won LEED-H Platinum certification.
Economy Watch: RIP QE3
The Federal Open Market Committee has officially let the world know that the central bank’s stimulus of the economy, often known by the shorthand QE3, is over.
LCOR Suburban DC Apartments Half Leased in Three Months
Though supply is growing, demand for apartments is still strong in metro Washington, D.C., with LCOR reporting that fully half of the units in its Aurora multifamily development are leasing since the property opened in July.
FS Energy Named Finalist in RISE : NYC Competition
FS Energy, the energy management and advisory subsidiary of leading property management firm FirstService Residential, has been named a finalist in the RISE : NYC competition, which recognizes innovative projects and technologies that will bolster the city’s buildings and infrastructure against future storms.
The Multifamily Upcycle Still Has Legs
The multifamily rental housing sector continues to benefit from high demand and limited supply.