Summer of blackouts
Two-thirds of North America could face power shortages this summer during periods of extreme electricity demand and spiking temperatures, the nation’s grid reliability monitor warned in May.
The North American Electric Reliability Corp. (NERC) found...
Marketing must haves
As a property management company (PMC) it’s essential to ensure you’re making the most of your localized marketing efforts. PMCs face the challenge of marketing for the corporate entity while also finding ways to...
19 big errors to avoid in social media management
When companies decide it’s time to up their social media game, they have to figure out a way to manage the work that entails.
Some businesses lean on their marketing team or interns to handle...
Second act
Playhouse Square Foundation is beginning work to convert half of the Bulkley Building in downtown Cleveland into market-rate apartments.
Playhouse Square is converting four of the nine floors into 84 apartments, with a portion available...
How electric cars might affect multifamily and other real estate
Most major automakers have followed Tesla’s lead into the world of electric vehicles, probably with more to come.
California has banned internal combustion engines, effective in 2035. Assuming these trends continue, they will ripple into...
Why multifamily property management needs a Tesla—not another Ford
Have you noticed how some industries or business categories seem to attract innovation like a magnet?
Take the auto industry, where Elon Musk’s Tesla is the most widely known brand among dozens of automakers trying...
How multifamily is adopting consumer retail techniques
In 2022, the U.S. inflation rate rose to 8.5 percent—the highest the country had seen since 1982. With rising inflation comes an increase in the cost of living, so it’s no surprise that consumers...
Finnish modular housing manufacturer moving to U.S.
The company plans to mass produce housing using heavily automated factories. Admares, which was founded in Finland, said it’s in the process of moving its headquarters to the U.S.
The company said its factory in...
Marijuana use among U.S. workers jumps to historic high
American workers using marijuana on the job rose to a historic high last year, according to a new study.
Diagnostic information service Quest Diagnostics released a report in May analyzing over 6 million employee urine...
Arizona limits construction in Phoenix area
Arizona officials announced in May the state will no longer grant certifications for new developments within the Phoenix area, as groundwater rapidly disappears.
A new study showed that the groundwater supporting the Phoenix area likely...
The shape of U.S. water
The Colorado River Compact
The Colorado River Compact of 1922 divided the river into two basins: The Upper Basin (Colorado, New Mexico, Utah and Wyoming) and the Lower Basin (Arizona, California and Nevada), established the...
BFR hits record
The construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals.
The number of newly built single-family homes being sold to investors to rent, or also...
Household formation and the quest for space
New research suggests one driving factor for the rise in new household formation: People got sick of living with each other.
Unsurprisingly, when people are forced to convert their homes into home-office-gym-bars, they feel a...
Banks face risk from CRE loan exposure
Banks have seen a lot of concerns over the last few months by depositors, investors and regulators. Multiple institutions were shuttered when it became clear that rising interest rates undermined the value of their...
An idea so bad it was bound to return: public housing
One of the biggest frustrations about getting old is hearing younger people propose ideas that were debunked decades ago—and then getting “eyes glazed over” looks from them after explaining that we’ve already been there...
