Regions
Manhattan Sale Prices Drop: CityRealty Report
The study found that the average cost in the New York City borough continues to drop, but downtown is still thriving when it comes to condo, co-op and new development purchases.
Residents and Public Transportation
When apartments are located in urban—or even suburban or rural—residents sometimes cannot have a car and therefore must rely on public transportation. And when a community is in proximity to a bus or subway, it is often seen as an added bonus. MHN and Kingsley surveyed renters to see what they thought about their transportation options.
Robust Development, Insatiable Demand in Seattle
The city has been one of the strongest rental markets during the current cycle. Over the last five years, average rents have risen nearly $500 to $1,770.
Western National Begins Construction of Luxury CA Development
The company has started building its 11th property in Brea. Calligraphy, a 206-unit community, is expected to be completed in early 2019.
Secondary Markets Present Strong Opportunities
Investing in markets outside the core presents an opportunity to capitalize on the demand for downtown assets without the downtown address. Stephen Catarinella of CAPREIT discusses what factors to consider when acquiring communities in these areas.
DMG Investments Tops Out on NJ Luxury Condo Asset
While completion of the 204-unit One Park in Cliffside Park, N.J., is scheduled for fall 2018, Halstead Property Development Marketing recently opened an onsite sales gallery.
CapStack’s Stake in Multifamily Investment
The New York City-based firm is focusing on value-add opportunities in the Southeastern U.S. With 15 years of experience in the industry, Portfolio Manager Ben Inman will handle acquisition and asset management of CapStack’s multifamily investments.
Economy Watch: Apartment Rents Stabilize in Summer
The national median rent increased in September to its highest point of 2017, hitting $1,018, according to a recent ABODO report. However, the increase is only up a bit from January, when the median was $1,016.
EdR Goes Into The Woods at Northern Michigan U
Scheduled for completion in 2018, the $75.4 million public-private partnership will create 1,229 beds on the Upper Peninsula campus.
Yardi Launches Hurricane Harvey Registry; Pledges $1M
To help the tens of thousands of people affected by Hurricane Harvey and to assist its multifamily clients in the region, Yardi has leveraged its RENTCafé property marketing and leasing platform to create a housing registry website that will help displaced residents find temporary and permanent homes.