News
EdR Partners with Elauwit Networks as Ancillary Income Generator
EdR, a student housing developer, has purchased a 10 percent interest in Elauwit Networks—an Internet, video and telephone service provider.
Florida Crystals, a Newcomer to Multifamily Development, is Sweet on Delray Deal
The swift growth in demand for multifamily living in recent years has spurred many experienced multifamily developers to announce plans to develop new projects. That same demand is now tempting would-be housing developers whose renown was built outside the multifamily industry.
Economy Watch: Housing Market Gets Some Legs
According to the S&P/Case-Shiller Home Price Indices released, all three headline composites ended 2012 with strong gains.
Upper East Side Condos Hit the Market
In yet another indication of the return of the NYC condo market from its zombie period (ending perhaps in 2012), 150 E. 72nd St. has launched condominium sales.
Joint Venture to Develop 131-Unit Pittsburgh Community
Pennrose Properties and Ralph A. Falbo Inc. have begun development on a multifamily community called The Gateway at Summerset, located in the Squirrel Hill section of Pittsburgh.
Tight Credit, Flawed Appraisals and Erratic Supply Chain Hurt Jobs, Housing
The budding housing revival driven by pent-up consumer demand still faces a number of obstacles, including tight credit for builders along with a stretched lot and building supply system in many markets that are barely keeping up with demand.
TODAY’S DEALS: SoCal LIHTC Property Trades for $23.4M
Marcus & Millichap arranges the $23.4 million sale of LIHTC property; SBV Communities enters South Carolina with a 332-unit buy; and Alliant Capital closes on a $4.95 million loan.
Yardi Signs On Again as an IREM Industry Partner
The Institute of Real Estate Management (IREM®) announced that Santa Barbara-based Yardi Systems Inc. has become a 2013 IREM® “Industry Partner” at the highest level of participation, continuing a long-time, mutually rewarding relationship between the two organizations.
White Paper: Multifamily Manufactured and Modular Construction
Modular manufacturing can offer the opportunity to conduct a meaningful portion of the construction in more competitive labor markets using sheltered, assembly line techniques, thus allowing task-skilled fabricators to conduct much of the building process without formal construction-trade training and apprenticeship.
Slideshow: 420-Square-Foot Apartment Done Right
An acute lack of inventory and soaring rents are providing New York City developers with an opportunity to turn the concept of living in small apartments into an art form. One such developer, LifeEdited, was launched in 2009 by Graham Hill, a trained architect turned entrepreneur who believes in simplifying life and living large in tiny spaces. LifeEdited’s 420-square-foot SoHo apartment exemplifies the developer’s concept: use technology and smart design to live a happy life with less stuff, less space and less waste. Dubbed LifeEdited1 (or LE1), the tiny apartment has the functionality of a 700-square-foot apartment thanks to a…