Development
New Cambria Suites Hotel Coming to Plano
Plano’s population was estimated to be 272,068 in 2012, an increase of 4.7% since the 2010 census, according to the U.S. Census bureau. The area is home to some of the best rated employers in the country, including Alliance Data, Cinemark Theatres, Dell Services, Dr. Pepper Snapple Group, Ericsson, Frito-Lay, HP Enterprise Services, Huawei, J. C. Penney, Pizza Hut, Rent-A-Center, Traxxas, and Siemens PLM Software.
Denver Office of Economic Development Releases In-Depth Study Analyzing Denver’s Potential to Become a National Shopping Destination
By Gabriel Circiog, Associate Editor The Denver Office of Economic Development recently released a comprehensive retail study which explores Denver’s potential to become a national shopping destination. Prepared by retail consultant Economic & Planning Systems, The Denver Retail Conditions and Opportunities Study features an in-depth analysis of the current Denver retail market as well as […]
APARTMENT MARKET STATISTICS: June 2013
Bank lending increased across the board for multifamily properties and income-producing commercial real estate, according to Chandan Economics. Overall, the recent permit numbers have been strong enough to support a five-plus starts rate in range of 285,000 over the next couple of months, stated the National Association of Home Builders.
APARTMENT MARKET STATISTICS: May 2013
The prices of multifamily housing shot up to an average of $115,954 per unit in the fourth quarter, according to CoStar/PPR. Marcus and Millichap’s statistics for the nation’s top apartment markets show average rent increase of 3.0 percent in the fourth quarter.
MHN TV: Apartment Investment and Development Trends
Robert DeWitt, CEO of The General Investment & Development Companies (GID), gives MHN a thorough rundown on apartment investment and development trends at NMHC’s 2013 Apartment Strategies/Finance Conference in Dallas.
Mattamy to Develop its Biggest U.S. Community on Newly Acquired Land
Mattamy Homes, Canada’s largest homebuilder, plans to introduce its highly-successful master-planned community model to the Orlando market. The company will build its biggest exclusive master-planned community in the US, having recently paid $15 million for the Tapestry property in the City of Kissimmee.
Crescent to Build Scottsdale Quarter’s First Multifamily Project
Glimcher Realty Trust, a retail REIT, and Crescent Communities, a Charlotte-based real estate investment, development and operating company, recently announced plans to break ground on a 275-unit, luxury apartment community in Scottsdale under a joint venture agreement.
MARKET SNAPSHOT: Rent Growth Expected to Stall as Deliveries Ramp Up in Portland
Set to dwindle from its post-recession peak, the Portland, Ore., metro is expecting slight vacancy increases along with a precipitous contraction in rent growth in the coming years.
New York City’s Got Green Game
The NYC Green Infrastructure Plan has information about changes to local codes that will enable building owners to do more with their rooftop spaces. The fact that New York is committed to reducing its carbon footprint is positive news for investors seeking to trade multifamily assets.