Prominence
Transit-Oriented Development Accelerates in Queens
An expanding pipeline and affordability issues are putting pressure on rent growth, but the borough’s multifamily market continues to show signs of long-term stability, due to New York’s overall strong fundamentals.
Investor Demand for South Florida Multifamily Brisk Again in ’17
This year there have been 198 multifamily sales in the area valued at a total of nearly $3.6 billion, according to a report by Cushman & Wakefield.
Read the December Digital Issue of MHN
With a focus on the Year in Review, the December issue offers a variety of valuable insights.
Construction Begins on Denver Senior Community
Avenida Lakewood, designed by KTGY Architecture + Planning and developed by Avenida Partners, will feature 230 units and is slated for completion in spring 2019.
Downtown Growth Drives Demand in Cleveland
Although underperforming in the current cycle, the area’s multifamily market is on sound footing, mainly due to the city’s thriving core.
What Does De Blasio’s Re-Election Mean for NYC Affordable Housing?
During his campaign, Mayor Bill de Blasio pledged to expand his focus on affordable housing. Standard Communities Co-Founders Scott Alter and Jeff Jaeger weigh in on how his re-election will impact affordable housing developers and renters.
Which of 2017’s Top Stories Will Impact Next Year?
The multifamily sector has grappled with any number of challenges this year: record-breaking natural disasters, policy uncertainties and concerns over affordability, to name a few.
Prescient Launches New Investment Vehicle
The BIM design and building platform, which reduces the time and cost of constructing multi-unit housing using a proprietary modular construction system, has created Powered by Prescient. The subsidiary will acquire minority stakes in real estate development projects throughout the country. MHN talked with the company’s management to find out more about this new private equity firm.
Miami Mixed-Use Tops Off
Developed by CADE Capital Partners, Riverview Tower will comprise 100 units and 1,168 square feet of ground-floor retail space. The property first broke ground in January 2017 and is scheduled for completion by late 2018.
PGIM, Hanover Snap Up Houston Property
The JV has acquired Mosaic at Hermann Park, a 396-unit community with 20,087 square feet of ground-floor retail space.