Friday, May 17, 2024

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Apartment properties decarbonize or face fines

In a growing number of places, apartment properties are likely to have to reduce the carbon they contribute to the atmosphere. Cities, towns and entire states across the U.S. have declared war on climate change—...

Mission critical: Expanding U.S. electric grid capacity

When there are existential threats to the freedoms the U.S. enjoys, Americans have proven they can mobilize to address them. At the start of World War II, the U.S. military was the 12th-largest in...

Two of three private apartment deals off-market

Apartment buyers are turning to off-market transactions more frequently as a way to find opportunities and curb competition. According to Thomas Foley, co-founder and CEO of Archer, two out of three private multifamily transactions...

The front line in affordable housing

In 2012, Congress authorized RAD which allows PHAs and owners of other properties financed by the Department of Housing and Urban Development (HUD) to convert units from their original sources of HUD financing to...

Groups urge Supreme Court to overrule pro-bureaucracy rule that aids administrative state

Limited-government advocates are urging the Supreme Court to overrule “Chevron deference,” a bureaucracy-empowering legal doctrine they say has distorted the U.S. system of government for decades at the expense of everyday citizens. The court’s ruling...

Vacant apartments come from bad policy, not a conspiracy

On Halloween, 2022, some elected officials held a performative press conference to talk about “Zombie Apartments.” They claim property owners are engaging in a mass conspiracy to keep rent-stabilized apartments vacant in an attempt...
John Griffiths (Bill Murray) holds Punxsutawney Phil, the weather prognosticating groundhog, in Punxsutawney, Pennsylvania. (Gene J. Puskar / Associated Press)

What just happened?

It could be said that 2023 was a year of breaking records, rules and reality. Weather. Girl’s sports. Rates of addiction and depression. National and personal debt. Number of dystopian end-of-times movies produced by...
Oceanwide Plaza

China real estate crisis could mean trouble for U.S. markets

As China’s real estate crisis continues to grow, the impact on U.S. real estate is starting to take shape. Much of the impact appears likely to be felt in California and New York, where...

How smart home technology can increase NOI

The multifamily housing market is undergoing a transformation with the rise of smart home and smart building technology. Now more than ever, properties are adopting these features and upgrading their offerings to meet a...

What happened in 1971?

Something huge happened in 1971. And both Edward Snowden and Jack Dorsey are asking the same question. In mid-August, Twitter Founder and CEO Jack Dorsey tweeted a strange hashtag: #WTFHappenedin1971. A few weeks later, Edward Snowden,...
The construction of affordable residential apartments.

THE CLOSER: New solutions to old problems: creating efficient and effective affordable housing...

It’s no secret that there is a nationwide housing crisis. According to the National Low Income Housing Council, “there is a shortage of more than 7 million affordable homes for our nation’s 10.8 million...

The benefits of laughing in the office

I asked my red-faced boss whether my laughter had embarrassed him. “It is pretty loud,” he muttered under his breath. Later that evening, I castigated myself. I lay awake, wondering how many other times my...

Why we shouldn’t fear AI destroying hundreds of millions of jobs

Workers, entrepreneurs, and companies should explore ways to incorporate artificial intelligence into their workflows and businesses—and give the job displacement fears a rest. I recently saw a quote on Facebook attributed to Sigmund Freud that...

Public Storage to acquire Simply Self Storage for $2.2 billion

Self-storage operator Public Storage has moved to buy Simply Self Storage from Blackstone Real Estate Income Trust for $2.2 billion. Demand for storage space has waned from the heights of the pandemic as people...
California architecture studio AO and Matteson Capital announced that they plan to request a variance from Oklahoma City to increase the height of the supertall skyscraper from its original proposed 1,750 feet to 1,907 feet. (PHOTOS: AO ARCHITECTS)

Empire OK building

If one developer has their way, it won’t be New York or California that has the highest skyscraper in America but Oklahoma City. Matteson Capital has been planning out a complex called the Boardwalk at...
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