JLL arranges $127.5M financing for EON at Flagler Village
JLL announced today that it has arranged $127.5 million in financing for EON at Flagler Village developed by Alta Developers, a two-phase multihousing community in one of Fort Lauderdale’s most vibrant neighborhoods. JLL worked on...
Pillars 2020: Stepping it up
The national obsession with counting steps in the pursuit of physical fitness has spawned a plethora of pedometers in the marketplace and a trend toward pedestrian-oriented neighborhoods in the multifamily world. More than half of...
The enduring strength of truth
Webster defines it as “the property of being in accord with fact or reality.” Truth is a beautiful, most reliable thing. The truth of Christmas and the holidays is sometimes muffled by the hustle and...
Unlocking Big Data
The coupling of big data with artificial intelligence (AI) and the internet of things (IoT) has power to disrupt the traditional way of basing real estate decisions on experience, past performance and intuition. The machine...
Developing Expertise
Multifamily professionals who are interested in keeping up with the latest trends in the industry are undoubtedly familiar with NAA’s Apartmentalize and NMHC’s OPTECH shows. However, they may not be aware of another event...
As economists forecast for 2020, some are already thinking past the next recession
“Economists generally expect will experience a downturn... over the course of 2020 or early 2021,” says Sam Chandan, a trained economist, an associate dean of New York University’s Schack Institute of Real Estate,...
Why business leaders need to understand their algorithms
One of the biggest sources of anxiety about AI is not that it will turn against us, but that we simply cannot understand how it works. The solution to rogue systems that discriminate against...
OK Boomer is just the first salvo of a larger generational showdown
The inscription (above) is reminiscent of another that, according to Newsweek, was unearthed in the Sumerian city of Ur (located in modern-day Iraq and founded in 3800 B.C.), which says, “If the unheard-of actions...
Rental prospects rank top amenities they want in a multifamily property
The option of in-unit laundry left other amenities out to dry—cleaning up as the most in-demand apartment feature that renters seek, with 3 out of 4 prospects preferring a unit with a washer and...
The regulation burden
The Mercatus Center’s RegData project has recently extended its methodology for quantifying the number of regulations and other restrictions imposed by U.S. government agencies down to the state level, where they have data for...
Who will buy 21 million homes? Not I, said gen X.
Who’s going to buy all the boomer’s homes? A recent story in the Wall Street Journal asked who would buy all the baby boomers’ retirement homes as they begin to age into assisted living,...
Blackstone moves out of rental-homes
Blackstone Group Inc. sold the last of its stake in Invitation Homes Inc., the company it created after the housing crisis to scoop up tens of thousands of foreclosed single-family properties from the courthouse...
Record-breaker for multifamily sales volume
In the first nine months of 2019, multifamily sales volume has been higher than during any other comparable period in the past 10 years. Despite concerns about potentially slowing economic growth and new rent control...
How marketers can overcome short-termism
Marketing is all about strategy—or is it? To find out, the August 2019 CMO Survey asked U.S. marketing leaders: “How much time do you spend managing the present versus preparing for the future of...
Milling around
The Lofts at Sterling Mill located in Franklinton, N.C. opened in November. The 124 year old structure, formerly known as Sterling Cotton Mill, was built in 1895 by Samuel C. Vann. It was placed...
