Prominence
Tackling San Diego’s Affordable Housing Crunch
San Diego is dealing with its most severe affordability crisis in 25 years. Local developer Affirmed Housing’s Jim Silverwood and SVA Architects’ Ernesto Vasquez share their views on local housing legislation and trends in the sector.
Manhattan Market Gains Momentum
Rents, occupancy and development are all on the rise. The financial sector, in particular, is providing an influx of affluent residents looking to live in the borough’s most popular neighborhoods.
Demand Outstrips Supply in Las Vegas
The metro has one of the most affordable business climates in the U.S., attracting companies and residents alike, mainly from neighboring Southern California.
Top 10 Inland Empire Multifamily Transactions
The Inland Empire market continues to grow its multifamily inventory at a slow burn, further inflating rent rates and property values. One result is rising per-unit prices, which are about $9,000 higher than the national average.
Luxury Tower Breaks Ground in Long Beach, CA
Shoreline Gateway, a 35-story development, will be the city’s tallest community. Construction is expected to be completed by the end of 2021.
Top 10 Largest Metro DC Multifamily Developments
Despite the vast majority of recently delivered communities being classified as luxury rentals, many of the biggest projects underway contain significant affordable components.
Orlando Leads US Rent Growth
Unprecedented population and employment growth add up to a thriving multifamily market. The metro gained almost 47,000 jobs in the 12 months ending in May.
Boston Luxury Property Gets $294M
Cronin Development is moving forward with construction of the 22-story, 144-condo project, The St. Regis Residences, Boston, and expects it to be completed by 2020.
Cortland Partners Acquires Luxury Atlanta Portfolio
Home at The Battery Atlanta encompasses three communities—Parkside, The Residences and The Flats. The seller was a joint venture between Pollack Shores Real Estate Group and Braves Development Co.
New Supply Matches Lifestyle Demand in Orange County
Multifamily developers are focusing on expensive submarkets, including West Irvine and Anaheim–Central, while transaction activity is slowing in the context of rising property values.