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Robust Demand Keeps Occupancy Up in the Twin Cities
The metro’s multifamily market is an investor magnet, boosted by the presence of Fortune 500 companies and a strong education system, which continue to attract new residents to the region.
Construction Underway on $1B CA Waterfront Development
Alameda Point Partners broke ground on the first phase of a mixed-use community that will include 673 units. The property is located on the site of a former naval base.
Job Growth Boosts Orlando
Sustained by exceptional employment and population gains, the metro’s multifamily rents continue to rise, pushing low- and middle-income residents to the suburbs.
Multifamily REITs to Flourish in Major Metros: Morningstar
According to the company’s latest report, market conditions in the New York City, Boston, Los Angeles, San Francisco and Washington, D.C., metros could have a significant impact on four of the largest REITs over the next two years.
Brooklyn Receives Royal Treatment
The area’s rents stopped their slide this spring, following a lengthy spell when affordability issues and insufficient Renter-by-Necessity stock had driven residents away from the borough.
Supply Wave Softens Demand in Queens
This year’s multifamily development is expected to reach a cycle peak in the borough, which continues to benefit from Manhattan’s prohibitive prices.
JV Debuts DC Affordable Housing
Developed by Somerset Development Co., New Community Partners and Jonathan Rose Cos., Portner Flats features 96 units and a playground, a fitness center and a community garden.
Life Care Services Tapped to Manage $215M FL Senior Housing
The 42-story Riverwalk Residences of Las Olas in Fort Lauderdale will include 401 units, on-site doctors, physical therapy and adult daycare.
High Street, Metlife Open Dallas Luxury Apartments
The 34-story Residences at Park District includes 228 units and a dog park, a resort-style pool and a 7,000-square-foot fitness center.
Top 10 Multifamily Transactions in the Southern US
Bolstered by an increase in transaction activity over the previous two years, more than 40 communities changed hands in the region so far this year for a total sales volume of roughly $650 million.