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  • 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.

    06 September 2017 13:33
  • Economy Watch: Architects Keep Busy for Sixth Straight Month

    Increases in design billings across all major regions and construction sectors signal future growth in design and construction activity in the coming months, according to the American Institute of Architects' latest Architecture Billings Index report.

    24 August 2017 14:17
  • Legacy Partners Kicks Off LA-Area Marina Renovations

    The company started the $65 million revamping of the 379-unit Wayfarer Apartments + Marina at the beginning of 2016. The current phase is slated for completion by early 2019.

    10 October 2017 08:55
  • Overbuilding in Richmond?

    Following several years of strong supply, the area's multifamily market is shifting down a gear. With almost 20,000 units in the pipeline, the metro is at risk of overbuilding.

    26 June 2017 13:16
  • Economy Watch: State Unemployment Rates Mostly Stable in October

    Compared with the month before, jobless rates were lower in October in 12 states and higher in only one state, according to the Bureau of Labor Statistics' latest jobs report.

    20 November 2017 15:20
  • 10 Markets with the Lowest Expected Supply Growth

    The multifamily industry has experienced a recent boom. But with a risk of oversaturation in some markets, development is slowing and deliveries are expected to peak.

    18 July 2017 15:51
  • Sales Velocity Ramps Up at Brooklyn Waterfront Condos

    The Austin Nichols House is making a splash in the highly sought-after neighborhood of Williamsburg, in Brooklyn, N.Y., where sales have accelerated, despite the impending shutdown of the L subway line, which connects the locale to Manhattan.

    16 June 2017 21:49
  • Lantower Lands 451-Unit FL Asset

    The company purchased Seneca at Cypress Creek, a 2010-built community in the Lutz/Wesley Chapel submarket of Tampa, Fla. With this acquisition, Lantower’s portfolio comprises 14 multifamily properties totaling 4,600 residential units.

    16 October 2017 14:31
  • TSB Realty Closes Sale of Student Housing in Sacramento

    Built in 2003 and renovated in 2016, The Element includes 288 units and 792 beds. The property is located near California State University Sacramento.

    01 November 2017 16:44
  • Economy Watch: Construction Spending Up in Most States

    An increase in construction activity adds to the income and potential growth of each state, noted Markstein Advisors' Bernard Markstein, who prepared the latest Associated Builders and Contractors report.

    22 November 2017 14:37