Prominence
Sacramento Market Maintains Robust Rent Growth
While investment activity has slightly tempered in the city, property values have skyrocketed, boosting average per-unit prices to $160,000. New supply remains limited, as only 900 units will be added to the market in 2017.
Work Underway on CA Ventures’ Phoenix Community
The first of three phases of The LINK PHX is a 30-story mixed-use structure that will feature 257 apartments and 7,000 square feet of retail space, half of which will be reserved for start-ups, not-for-profit enterprises and artists.
Detroit’s Slow Acceleration
The metro is on the verge of an economic turnaround, largely due to its broad-based employment growth. This restoration is reflected in the local multifamily market’s improving fundamentals, as well.
Freddie Mac Survey Reveals Demand Drivers for Rental Housing
A growing number of renters see renting as an option that fits their lifestyle, and a savvy choice at many life stages.
Harris Leads Apartment Design Discussion at MHN-CPE Awards Party
The event featured a keynote address from Fred Harris, managing director of development at Jonathan Rose Cos. and a panel discussion with Richard Broder, Broder & Sachse Real Estate; Ammr Vandal, nARCHITECTS; Stephanie Williams, Bozzuto Management Co.; and Christine Slaughter, Shaw Floors.
Albuquerque: Duke City Strives to End Woes
The metro has one of the highest unemployment rates in the nation and moderate population growth, yet its real estate fundamentals continue to lag those of neighboring areas.
Affordability, Inequality Major Issues for Housing Sector
Several panels at the 2017 ULI Fall Meeting offered their insights and strategies for improving affordable housing availability in the U.S. Meeting the challenge starts with addressing issues of inequality and lack of economic mobility in many cities.
Broad-Based Employment Fuels Demand in Indianapolis
Indianapolis is among the nation’s top cities for finding and maintaining a job, as evidenced in a new study compiled by job search website Glassdoor.
Job Growth Keeps Market Steady in Miami
The metro’s economic profile is diverse, but education and health services; leisure and hospitality; and trade, transportation and utilities continue to drive employment.
Aston Martin Residences Breaks Ground in Miami
Aston Martin and G&G Business Developments’ community, the first condominium to begin construction in downtown Miami this year, includes 391 units.