Rick Wise

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  • Rent Growth

    Rents were up 1.5% nationwide in May, down 40 basis points from April, 90 basis points from March and well below the 5.3% growth rate of a year ago. Deceleration is more than firmly established, as the year-over-year growth rate has decreased for 13 straight months since reaching 5.4% in April 2016. The last time the year-over-year increase was as low as 1.5% was in April 2011.

    19 June 2017 20:09
  • Top 5 NYC Multifamily Sales

    PropertyShark compiled the top 5 multifamily sales for April 2017 in New York City.

    22 May 2017 19:07
  • Redevelopment of Affordable Housing Begins in Western MA

    First Resource Cos. is making extensive renovations at the 173-unit Maple Commons Apartments in downtown Springfield. One improvement includes adding 50 cameras over two city blocks that will be connected directly to the police department.

    18 May 2017 08:55
  • Habitat Co. Lands $16M Chicago Affordable Housing

    The company plans on making substantial renovations to East Park SRO, a 153-unit property in the East Garfield Park neighborhood. Plans include upgraded lighting, mechanical systems, masonry, landscaping and a new roof.

    30 May 2017 16:17
  • John Hancock Snags Property on Boston Harbor

    The 224-unit high-rise was built in 2007, and is part of the ongoing redevelopment of the Navy Yard, one of the oldest shipbuilding yards in the U.S.

    23 August 2017 09:41
  • 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.

    06 September 2017 14:21
  • Joint Venture Acquires LA Communities

    Strategic Housing Partners and Rockpoint Group have acquired two portfolios and an additional community, totaling more than 1,200 units.

    27 July 2017 17:58
  • Economy Watch: More Americans Traveling for July 4 Than Ever

    The hospitality sector and, to a lesser extent, the retail sector are set to benefit from record 44.2 million Americans expected to travel during the 2017 Independence Day holiday period, according to an AAA forecast.

    03 July 2017 13:39
  • Top 5 NYC Multifamily Sales

    PropertyShark compiled the top 5 multifamily sales for June 2017 in New York City.

    24 July 2017 16:09
  • JV to Develop 236-Unit DC Community

    Fort Lincoln New Town Corp., The Concordia Group and Buvermo Investments plan a Class A project that will include 36 affordable units.

    22 September 2017 14:01